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Flag trading the trend

  • #3,841
  • Apr 21, 2011 6:47am Apr 21, 2011 6:47am
Quoting d4n
For anyone still needing faith in this system take a look at my trades over the last 3 weeks, there has been 1 maybe 2 losers and the majority i called before or as the trade happened.

You have proof there that all you need to do is follow the rules and practice this method and you will become profitable.

Unfortunately i wont be able to post the trades anymore as off to do my summer job but will still pop in when i can. Hope i have helped some of you to see the light.
Happy Trading!
Well done. Your charts have been a big help. All the best for the summer. Ray
  • #3,842
  • Apr 21, 2011 6:49am Apr 21, 2011 6:49am
thanks for all your posts and help on the thread, d4n. you are pretty deadly with the 123. have a great summer.
  • #3,843
  • Apr 21, 2011 7:50am Apr 21, 2011 7:50am
Quoting Divergence
in a trend i trade pullbacks usually they concur with those levels
Thanks Div, the reason I ask is bc some pairs are either at an all time high/low or in an area where there is nothing in the vicinity to give S/R confluence. Just wanted to know if you take those.
  • #3,844
  • Apr 21, 2011 8:26am Apr 21, 2011 8:26am
Quote
Also, I just added this CCI histogram tonight and I'm not exactly sure I have the settings right. The one I have is for the FXCM Marketscope platform since I dont have Metatrader. It's called Woodie CCI and it has settings for the fast and slow CCI, I have them both set to 8 but should they be set to different intervals?

Thanks for this information i just loaded this indicator myself... And from what i can see, itīs giving the same values of the mt4 indicator (or normal cci), this is the equivalent of the mt4 retfinder... But please check for yourself

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Regards...
  • #3,845
  • Apr 21, 2011 8:29am Apr 21, 2011 8:29am
concerning new h/l just find when r becomes s and draw line its still about hh hL LL Lh
  • #3,846
  • Apr 21, 2011 8:46am Apr 21, 2011 8:46am
Quote
concerning new h/l just find when r becomes s and draw line its still about hh hL LL Lh

Is this what you are referring (apologize for my language, english isnīt my mother tongue)

Thanks a lot...

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  • #3,847
  • Apr 21, 2011 8:52am Apr 21, 2011 8:52am
yes
  • #3,848
  • Apr 21, 2011 9:10am Apr 21, 2011 9:10am
So Div, can we say shorterm trend is now down being the overall trend still up till we break 1,4485 +/- with good supportt then at 1,4383 and 1,4350.
  • #3,849
  • Apr 21, 2011 10:20am Apr 21, 2011 10:20am
Hi Div,

Thanks for the wonderful method, the best I've ever seen.

I have a question:
How is Easter likely to affect Friday and Monday trading?
Thanks
  • #3,850
  • Apr 21, 2011 10:40am Apr 21, 2011 10:40am
Hi,

Jus a personal view.

Thank You

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Today's You was Your previously Thought.
  • #3,851
  • Apr 21, 2011 11:37am Apr 21, 2011 11:37am
Quoting d4n
target hit..... almost exactly the same as yesterdays trade!

thats me done for the day
dn4,
What do you have your RSI(8) applied to? I'm applying mine to high (when comparing higher highs) and low when comparing lower lows. So looking at the HH's on your chart, I didn't have divergence where you started your 123. Glad you hit TP though.
  • #3,852
  • Apr 21, 2011 11:57am Apr 21, 2011 11:57am
john,

can there be an alert on this?when it finds devergence or draws a line?
  • #3,853
  • Apr 21, 2011 11:58am Apr 21, 2011 11:58am
Quoting Toothman
dn4,
What do you have your RSI(8) applied to? I'm applying mine to high (when comparing higher highs) and low when comparing lower lows. So looking at the HH's on your chart, I didn't have divergence where you started your 123. Glad you hit TP though.
Hey Tooth....

my rsi is always applied to close which is obviously why yours is slightly different.
  • #3,854
  • Edited 1:06pm Apr 21, 2011 12:55pm | Edited 1:06pm
Quoting d4n
Hey Tooth....

my rsi is always applied to close which is obviously why yours is slightly different.
Hey d4n,
When you use applied to close, your higher highs in price will sometimes not line up with peaks in RSI. Same thing with the lower lows.The're off by 1 candle. Not saying you use the wrong setting, just wondering if you ever noticed that? I'd like to know what Divergence uses. Hey, you can trade my money any day.
  • #3,855
  • Apr 21, 2011 4:29pm Apr 21, 2011 4:29pm
Hi All,

I am in the process of practising this system and wanted some clarification on some of the setups I saw today during the US session.

In both cases the last major swing was broken creating a lower low, then a pull back occurred and the subsequent trigger.

Am I looking at things properly here?

I am testing it like this with ForexTester and so far in January of this year I have had 10 winners and 1 loser and I am only up to the middle of the month. Is this the type of performance I should expect?

I look forward to your comments.

Thanks

Vincent
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  • #3,856
  • Apr 21, 2011 7:24pm Apr 21, 2011 7:24pm
Vincent,
Both look like valid entries. The only thing I'd say is they were late in the session so more risky. I won't usually enter a trade any later than around 11:00- 11:20 EST and try to be out of it by 12:00. As for results, Divergence said he made 22 trades one month and all for winners. Of course he's a real pro at taking just the very best setups. dn4 finds several trades a day some days and has a very high win rate. I'm happy with one good setup a day trading 1% of my account. I may only get 2-3 trades per week(EUR/USD) trading from 8am to 12 noon EST. You're going at this in a good way with the tester. Good luck
  • #3,857
  • Apr 21, 2011 10:51pm Apr 21, 2011 10:51pm
Quoting Divergence
i trade 5 minute charts but you can trade any time frame any pair and any market the principle......
That chart looked like a Harmonic Pattern set-up in the Butterfly Category to my eye.

But, I'm just one guy whistling in the dark.
  • #3,858
  • Apr 21, 2011 11:54pm Apr 21, 2011 11:54pm
Quoting PipRiderFX
Hi All,

I am in the process of practising this system and wanted some clarification on some of the setups I saw today during the US session.

In both cases the last major swing was broken creating a lower low, then a pull back occurred and the subsequent trigger.

Am I looking at things properly here?

I am testing it like this with ForexTester and so far in January of this year I have had 10 winners and 1 loser and I am only up to the middle of the month. Is this the type of performance I should expect?

I look forward to your comments.

Thanks

Vincent...
This is the trade that is the easiest to do
it seems as if every one is set on the 123 trade
but the pullback is the easiest

I had 3 today in the NY session

Stay with it
this is the essence of good trading
  • #3,859
  • Apr 22, 2011 1:46am Apr 22, 2011 1:46am
Is anyone in the chat room this morning? I have tried to get in and get a message that the server connection is lost, and can't enter.
thanks
  • #3,860
  • Edited 3:55am Apr 22, 2011 2:56am | Edited 3:55am
markets in holiday mode but i saw angelina and couldn't resist.. it just works lol
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:-anything
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