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Flag trading the trend

  • #3,221
  • Apr 13, 2011 1:56am Apr 13, 2011 1:56am
A good flag trade on EU
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  • #3,222
  • Apr 13, 2011 1:57am Apr 13, 2011 1:57am
grabbed that one for 16 pips too

score since yesterday 11 trades, 3 losses, 2 be, 7 wins total gain 44 pips.
I can live with that lol
  • #3,223
  • Apr 13, 2011 2:00am Apr 13, 2011 2:00am
Quoting MeLe
A good flag trade on EU
++++++++++++++++++++++++++++++++

If you took your entry at the level shown on your chart, it is incorrect and probably my fault. When I made the Flag Intro Video, I thought the entry came one pip beyond the SUB (Set Up Bar) close, but it's 1 pip beyond the SUB High/Low.

I will be correcting the video as soon as I can.
  • #3,224
  • Apr 13, 2011 2:02am Apr 13, 2011 2:02am
The setup candle has to close above the MA which was one bar later

Quoting Divergencethis question has come up [SIZE=3
way[/size] to many times i will explain this crystal clear for the last time. Definition of setup bar: this is a candle that has closed above or below the sma and is either touching the sma or its within 2.4 pips of the sma and the cci has closed above or below the 50, (if the reading is 50.000 thats fine 49.999 is not fine) all setups with the trend trade , div 123 are the same for the setup bar. Also the div 123 the setup bar high or low must be with 2.4 pips of point 2. Thats it no more discussions about this if you cant comprehend what i just wrote then it might be best if you give up trading for a living because this cant be explained any clearer and we need to move past this, sorry if it seems a little harsh. Now lets go make some money
  • #3,225
  • Apr 13, 2011 2:05am Apr 13, 2011 2:05am
Hi d, no my entry was 1 pip above the set up bar high
  • #3,226
  • Apr 13, 2011 2:07am Apr 13, 2011 2:07am
Quoting AltosTrader
Hi Guys,
The CCI Histogram that some use in this forum is an ex4. It has an alarm function which will not work, for me, despite I have plenty other alarm function files. Does anyone have the mq4 for this particular CCI Histogram OR does anyone know the name of the sound file it may call. As a gap filler I am using the CCI FilterVX which I have customised some but if I have, say, 12 charts up, its demand on the CPU is quite heavy and visibly slows things.
Can anyone help ? Either the mq4 or the sound file name.
Thanks,
AltosT
The post on Mar 27 with CCi has the alert built in. Works fine on FXDD and Oanda.
  • #3,227
  • Apr 13, 2011 2:10am Apr 13, 2011 2:10am
Quoting MeLe
Hi d, no my entry was 1 pip above the set up bar high
++++++++++++++++++++++++++++++++

Cool. It looked different on the chart.
  • #3,228
  • Apr 13, 2011 2:14am Apr 13, 2011 2:14am
EU at major resistance. Have seen too much stop hunting today, would not trust a 123 reversal here. plus no div
  • #3,229
  • Apr 13, 2011 2:15am Apr 13, 2011 2:15am
The set up bar that I used closed on the MA, but according to Div it should have closed above, so I guess that it was not according to rules, just close to them
  • #3,230
  • Apr 13, 2011 2:30am Apr 13, 2011 2:30am
double top on eu
  • #3,231
  • Apr 13, 2011 3:39am Apr 13, 2011 3:39am
Quoting gimmie3pips
double top on eu
According to the Daily Chart, The IQ and the life expectancy of the average American recently passed each other in opposite directions.
++++++++++++++++++++++++++++++++

No argument here.
  • #3,232
  • Apr 13, 2011 3:56am Apr 13, 2011 3:56am
morning all.... turned on to this and jumped on board lets see how it turns out
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  • #3,233
  • Apr 13, 2011 3:58am Apr 13, 2011 3:58am
It will be interesting to know where this trend is leading
  • #3,234
  • Apr 13, 2011 4:00am Apr 13, 2011 4:00am
Quoting d4n
morning all.... turned on to this and jumped on board lets see how it turns out
that was right on the news...be careful
  • #3,235
  • Apr 13, 2011 4:03am Apr 13, 2011 4:03am
Quoting vince
that was right on the news...be careful
I laugh in the face of news

good point though vince, entry wasnt the prettiest either but worth a go for me.
  • #3,236
  • Apr 13, 2011 4:05am Apr 13, 2011 4:05am
d4n,

where was your entry on that div 123 trade?

thanks
  • #3,237
  • Apr 13, 2011 4:09am Apr 13, 2011 4:09am
Quoting d4n
I laugh in the face of news

good point though vince, entry wasnt the prettiest either but worth a go for me.

there was a similar setup on EU but went to fast.
was your setup bar at 8.30 gmt? because mine is 3 pips away from point 2 and it's green (yours is red), guess different brokers...
  • #3,238
  • Apr 13, 2011 4:09am Apr 13, 2011 4:09am
Quoting mannai70
d4n,

where was your entry on that div 123 trade?

thanks
6268..... have taken half off here at previous support just in case.
  • #3,239
  • Apr 13, 2011 4:33am Apr 13, 2011 4:33am
Quoting d4n
morning all.... turned on to this and jumped on board lets see how it turns out
target hit... happy days!

setup i uesd was .25 vince
  • #3,240
  • Apr 13, 2011 4:42am Apr 13, 2011 4:42am
hm, my chart looks different
anyways congrats on that one.
i say we need to break through .6235 area to start a downtrend move. What are your thoughts?
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