Flag trading the trend

Happy Birthday Div, and once again thank you for sharing this wonderful information with us

USD/CHF short, got greedy and stopped out +1 pip

Yeah that was nice opportunity...

Have you considered entering on this candle? I think it was a valid set-up too but for some reasons i didn't take it.

What do you guys think?

Right now we have weak arse pullback forming on GU. Let's wait for set-up candle .

Cheers

i didn't enter that one cuz it broke the resistance at .6682

I don't understand. You mean that corrective move broke 1.6682 to the up-side?
Was corrective move too sharp and long for you not to take that trade?

thanks

Took e/u long at 11:00 am New York time for a win... Div., was the 10:55 am candle a good trigger candle? Please say yes, please please......

yes

i too took eur long it bounced 2.4 pips from target and was going to ger out if it got back there it didnt so b e

Same trade time?

USD/CAD short, looks like I'm going to be stopped out.

I thought you guys would be looking for shorts today after the 826 support level being broken.

batata, when price came to the previous swing low and u had divergence on the rsi, you need to get out--a tip from div that he uses to manage trades, also looks like it could have been a counter-trend trade, seems that once it broke 9490, before ny session, it was in an uptrend

It's been a good week in the micro account, the AUD has been very good to me , minus my screw ups I made around the news yesterday.

Totally unrelated to the flag system , I took a gamble yesterday that the NZD rate news would be good and NZD would remain strong against the USD weakness.

I knew I should have stayed away from the news but boredom will lead you to do things you shouldn't do, NZD announced no rate change...good right? then they added "NZ economy remains uncertain following the Feb earthquake." That alone was enough to send it into a death dive and i took a quick -35 pip hit, which is where i had my emergency SL.

After messing around making trades on the fly and getting beat up for it, I got back into the Flag system and I regained all of my loses plus I hit above my account balance target for today which was $172.30. now I'm at $175.39 I won 11 of my last 12 trades and I'm up 165 pips since the 25th...no complaints here.

I did make some slight additions to the system and thats just for my own personal needs, added a 34 sma to better help me with the trend and a macd just for extra confirmation of the signals.

So thats all, trades are going very well I win a lot more than I lose and i'm still right on, even slightly above my target for my 2% a day gains. Week 2 account target is $192 , well see if I can get there.
FWIW it seems like small targets right now but if I keep following my spreadsheet and compounding my gains my target for week 52 is $25,830. Attainable? who knows but worth a shot

Thanks to all of you for the help in getting this down.

Attainable? In theory, yeah.

But in reality, not all of your trades will be winning ones, and you'll have to have 2 winning trades after a loss, to be "up".

$192 is really small to start with, I have $2000, and I think it's too small, but if you can make 165 pips with $192, then you can make 165 pips with $2000.

I'm really new to this system, but I had around 6 trades so far, 5 wins, 1 BE, and my account is up 4% with 3 trading days.

This method is looking good, but I need to learn a lot more, but thank you Divergence for making this thread, without you, hundreds of people would still be lost.

What is the outlook for trading tomorrow with the Royal Wedding etc? Is there going to be any movement?

tomorrow night at 7 pm i will do 1 more webinar to show all you something that i have tweeked in method. Method is the same just more trend trades less div 123 a lot less and the trade count will be higher

sound good count me in

I'm in... is that gmt or London time rather

Really Nice. Count me in. Whether it is GMT or EST

Thanks Div, sounds good