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Flag trading the trend

  • #3,061
  • Apr 11, 2011 10:41am Apr 11, 2011 10:41am
Quoting Divergence
why?
++++++++++++++++++++++++++++++++

• The cci set up with divergence.
• The gbp much stronger than the euro today.
• If price cleared 1.4442 level it had a more than 20 pips to reach the next support.
• Dollar strength & Stock weakness.
  • #3,062
  • Apr 11, 2011 10:45am Apr 11, 2011 10:45am
ok i know all that stuff but where was a chart pattern to trade there was no 123 to confirm div
  • #3,063
  • Apr 11, 2011 10:47am Apr 11, 2011 10:47am
Quoting Toothman
I see the divergence but no 123??
++++++++++++++++++++++++++++++++

Correct, no 123. Trading what I saw here as a pull back because euro was weak all day.
  • #3,064
  • Apr 11, 2011 10:54am Apr 11, 2011 10:54am
Quoting Divergence
ok i know all that stuff but where was a chart pattern to trade there was no 123 to confirm div
++++++++++++++++++++++++++++++++

I agree, bad one to post.
  • #3,065
  • Edited 11:56am Apr 11, 2011 11:06am | Edited 11:56am
the whole range was 70 pips overall trend up no real trend at all today pack up bags and lets move upriver
  • #3,066
  • Apr 11, 2011 11:26am Apr 11, 2011 11:26am
Quoting Divergence
the whole range was 70 pips overall trend up no real trend at all todaypack up backs and lets move upriver
++++++++++++++++++++++++++++++++

I'm in. I'll bring the "S'mores" & hot dogs.
  • #3,067
  • Apr 11, 2011 11:54am Apr 11, 2011 11:54am
Hey Flaggers,

I will bring the paddle.

Jon
  • #3,068
  • Apr 11, 2011 12:00pm Apr 11, 2011 12:00pm
start paddling, i think i hear banjo's
  • #3,069
  • Apr 11, 2011 12:04pm Apr 11, 2011 12:04pm
uh oh i here the song of deliverance
  • #3,070
  • Apr 11, 2011 12:18pm Apr 11, 2011 12:18pm
Quoting Divergence
uh oh i here the song of deliverance
++++++++++++++++++++++++++++++++

Boys just want to have fun ya'all.
  • #3,071
  • Apr 11, 2011 12:38pm Apr 11, 2011 12:38pm
Quoting Divergence
ok i know all that stuff but where was a chart pattern to trade there was no 123 to confirm div
Regarding Diamonds trade short Post # 3050.. So as I understand this correcly.. When trading the 123.. 1) The 123 either short or long must be preceeded by a solid trend up or down.. 2) Divergence take place with a resistance area above for a short and support level below for a long 3) The 123 follows the divergence set up 4) We see the trade set up thru the 10MA cross and CCI 50 is cross either long or short.

Would this be correct?

thanks
  • #3,072
  • Apr 11, 2011 12:48pm Apr 11, 2011 12:48pm
bullseye tradersd yo joel
  • #3,073
  • Apr 11, 2011 1:01pm Apr 11, 2011 1:01pm
Quoting Divergence
bullseye tradersd yo joel
Thanks Divergence
  • #3,074
  • Apr 11, 2011 3:42pm Apr 11, 2011 3:42pm
Quoting d4n
ok, i do understand what your saying but you're still not quite gettin this system.

I can only comment / help on this system AS IT IS cause this is what i trade and i know it works.

1) We dont draw s/r lines on the 1 hour chart.
2) s/r lines used in this system are areas of previous sup that have turned into res or vice versa, some of yours are just places where price has stopped recently.
3) these lines are important if price is near them just be patitent and wait until it isnt .. even if it takes a month!

going back to my motto
[i][color=#006400]Read...
  • #3,075
  • Apr 11, 2011 5:52pm Apr 11, 2011 5:52pm
Looks like I stopped trading too early. Did anyone get this divergence trade on GU looks like it was a nice set up pattern off resistance...
Attached Image (click to enlarge)
Click to Enlarge Name: gu divergence.gif Size: 19 KB
  • #3,076
  • Edited 6:30pm Apr 11, 2011 6:21pm | Edited 6:30pm
Anybody like the EJ for return to trend long?

Not looking so good now.
  • #3,077
  • Apr 11, 2011 7:29pm Apr 11, 2011 7:29pm
Yo Div........................
Quoting Divergence
bullseye tradersd yo joel
  • #3,078
  • Apr 11, 2011 7:30pm Apr 11, 2011 7:30pm
yojo another uneventful evening
  • #3,079
  • Apr 11, 2011 7:33pm Apr 11, 2011 7:33pm
I took e/u long at 9:00 am for a win this morning.......
Quoting Divergence
yojo
  • #3,080
  • Apr 11, 2011 7:46pm Apr 11, 2011 7:46pm
Quoting Divergence
yojo another uneventful evening
I might be doing something wrong I see 2 EU trades tonight? and an almost EJ short. I am looking at the flag line, 10 MA and the CCI I am keeping an eye on SR and not trading into it with my goals. Both EU trades were winners, the EJ I did not take the signal bar did not quite get to -50.
I am not looking at divergence or the 123.
My understanding is there are 2 kinds of set ups the trend retrace with a flag line, cross the MA and CCI over under 50. Or divergence and a 123. Are you guys only taking trades that meet all of the above or would you take a 123 divergence alone or a flag line set up alone?
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