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Flag trading the trend

  • #3,261
  • Apr 13, 2011 6:42am Apr 13, 2011 6:42am
Quoting billm
on my chart the setup bar high was not within 2.4 pips of point 2
i think he was just trading it as a flag bill... might be wrong though.
  • #3,262
  • Apr 13, 2011 6:42am Apr 13, 2011 6:42am
I agree................. a bit ugly
Quoting d4n
looks ok to me Joel... just a bit of an ugly duckling, but as we all know they can sometimes turn into swans
  • #3,263
  • Apr 13, 2011 6:43am Apr 13, 2011 6:43am
Quoting Joel
trigger bar was at 9:10 with +50 cci and price within 2.4 of sma... but I could be wrong...
Must be the different brokers... it wasn't within 2.4 pips on my chart. I was definitely looking to trade it though. Atleast someone made some dough. Well if you were trading a flag....then nevermind....I was looking at div 123.
  • #3,264
  • Apr 13, 2011 6:43am Apr 13, 2011 6:43am
At least we're all deducing why it worked. Great way to learn!
  • #3,265
  • Apr 13, 2011 6:54am Apr 13, 2011 6:54am
I'm with Oanda
Quoting tb62
Must be the different brokers... it wasn't within 2.4 pips on my chart. I was definitely looking to trade it though. Atleast someone made some dough. Well if you were trading a flag....then nevermind....I was looking at div 123.
  • #3,266
  • Apr 13, 2011 6:55am Apr 13, 2011 6:55am
Yes a flag trade
Quoting d4n
i think he was just trading it as a flag bill... might be wrong though.
  • #3,267
  • Apr 13, 2011 6:58am Apr 13, 2011 6:58am
Quoting Joel
I'm with Oanda
Gotcha....yeah I totally wasn't looking at that like a flag trade....sometimes I'm a little slow. hehe
  • #3,268
  • Apr 13, 2011 7:03am Apr 13, 2011 7:03am
GU...
keep your eye on it guys... this morning i mentioned the 60ish level, look how many times it has bounced off it so far today alone from both sides.
If we get through it we may see some action.
  • #3,269
  • Apr 13, 2011 7:12am Apr 13, 2011 7:12am
and suchy is long so we can take all his money

Quoting xsuchyx
we have a 6235 level confirmation of support so it can continue to uptrend today
just messing suchy
  • #3,270
  • Apr 13, 2011 7:53am Apr 13, 2011 7:53am
Anybody make money on the EU div 123 at the support line?
  • #3,271
  • Apr 13, 2011 7:54am Apr 13, 2011 7:54am
Quoting tb62
Anybody make money on the EU div 123 at the support line?
Yup I took it, flat now
  • #3,272
  • Apr 13, 2011 7:55am Apr 13, 2011 7:55am
Quoting tb62
Anybody make money on the EU div 123 at the support line?
Yep, got that one.
  • #3,273
  • Apr 13, 2011 7:57am Apr 13, 2011 7:57am
Do you think Div. would change the rules slightly?....Price needs to be within 5 pips of sma not 2.4 pips.....
  • #3,274
  • Apr 13, 2011 7:57am Apr 13, 2011 7:57am
Quoting billm
Yup I took it, flat now
Nice, I ended up taking the eurjpy...still worked out nicely though.
  • #3,275
  • Apr 13, 2011 7:59am Apr 13, 2011 7:59am
Quoting Joel
Do you think Div. would change the rules slightly?....Price needs to be within 5 pips of sma not 2.4 pips.....
Joel the setup bar needs to be within 2.4 pips of the sma and its high within 2.4 pips of point 2. Have a look at my earlier post of Div's rules
  • #3,276
  • Apr 13, 2011 8:03am Apr 13, 2011 8:03am
roll out the barrels we'll have a barrel of fun at target
  • #3,277
  • Apr 13, 2011 8:04am Apr 13, 2011 8:04am
That comment was my poor attempt at humor.......
Quoting billm
Joel the setup bar needs to be within 2.4 pips of the sma and its high within 2.4 pips of point 2. Have a look at my earlier post of Div's rules
  • #3,278
  • Apr 13, 2011 8:07am Apr 13, 2011 8:07am
I didn't EVEN see that 123 going long in the direction of the trend......You still the man.....
Quoting Divergence
roll out the barrels we'll have a barrel of fun at target
  • #3,279
  • Apr 13, 2011 8:13am Apr 13, 2011 8:13am
Quoting Divergence
roll out the barrels we'll have a barrel of fun at target
++++++++++++++++++++++++++++++++

Did not take it. 1.4488 to 1.4495 was full of candles (junk in the trunk).

Did go for sub & entry prior to 123, and bailed when it started to jet back down. When price made the 123, decided against it because of previous rejection at resistance area.

My question is what made this trade so attractive?
  • #3,280
  • Apr 13, 2011 8:15am Apr 13, 2011 8:15am
Dont feel bad joel, I missed that too...
I was looking to go short on the multiple failed attempts of the eur/usd to break resistance but now div has me doubting myself lol
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