Flag trading the trend

I have been lurking on this site for a while and had good sucess trading the rules - when I obey them. But I have a question. What defines a real pullback - when the candle crosses the MA and returns to cross again? What about when several sucessive lows(short trade) approach the ma but candles don't cross then a low drops below a line of support under the lows. Would that be a good signal if that candle closed below support line and cci was below -50? Thanks in advance for any help I can get here. Bill G

ugly 123 for anyone feeling brave.

i'm in

im gonna take a bit off at half way vince cause its not the best looking

is it ever going to get there

my eyes hurt! :nerd:

crazy....friday...almost got stopped, managed to get 2pips
have a good weekend everyone

all good things come to those who wait

took some heat and nearly 2 hours but thats what happens when you mess with the ugly ones

E/U Didn't trade. I didn't see any valid entries. My bias was long and price is going long at this time, but no entries... IMHO.....See ya

good job
and i'm a chicken

this is for the new guy i followed the rules too today and no setups therefore no trades

hey Div..

for the old guys can explain why you dont think the 123 was a setup?

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So you're saying you are not a follower of UGLY Ducklings?

none of them triggered

no rosies just j Lo'S

it did on my chart.. sub @ 1.55gmt with high of 44235 and next bars high was 44254 ? so took it out by 2 pips?
anyone got different?

what was high of pt 2

44108.

2nd profitable week for me with a 1% gain. Not as good as last week.

Two UGLY losses kept me from my goal of 5%, still trading only 1/2 of 1% per entry.

Thanks to Div, & his significant others, for helping to set the record straight and clarifying critical rules.

Will be off most of next week, so that leaves some extra profit for everyone else...

first i see no 123 secondly news in 10 minutes

I got 1.4425 etc but I though point 3 had to be higher or equal to point 1 on a 123. I may have this wrong. I am still just trading flags. Ray