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Flag trading the trend

Having coffee and cheese on toast; opened up the comp and a nice trade appeared.
To be and nearly there on eu.

UPDATE: OUT AT A PIP FROM TARGET
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some nice setups, with some heat though...
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another one, didn't take it due to the time
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Quoting Divergence
well at least we know we are in uptrend as it tries to capture 4900 so the move down if it moves down will be its higher low pt
Div, hello. Any plans for a new flow chart with the new trading rules? Perhaps to avoid confusion for newbys like myself, Div could start a new thread and name it something like HH-LL Simplified.
P.S. Been reading a lot on the Trading forums recently and in my opinion, this and the Niceguy thread are absolutely THE BEST. I have learned so much really GOOD stuff here. You have also helped me to UNLEARN a lot of the endless and distracting junk that accumulates over time. I sense that you guys may have taken this concept about as far as it can go. I HOPE you will keep the thread going for a while for guys like me. Keep up the GREAT work, please.
Nice reversal trade after 123 but not technically correct; there was a 123 just before entry that was ok (see post #4174).
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Quoting gtrade
Nice reversal trade after 123
nice gtrade, saw that one too, but i remember Div. said he's not comfortable with 123 if point 1 is more than 20pips
Gtrade - I do not see a set-up. It looks like a good trade, but did'nt you break your RSI Dont Buy rule?
Gtrade, never mind, I do see the 123. Nice call.
Do you guys generally avoid these big bar signals (EU, EJ, AU)?
Quoting gtrade
Nice reversal trade after 123
I see the 123, but the s u b is more than 2.4 pips from the ma on mine.
Quoting InspClousteu
Gtrade - I do not see a set-up. It looks like a good trade, but did'nt you break your RSI Dont Buy rule?
That was an old rule but we don't use that now; i'll have to remove that from the chart.
2 nice trades this am
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Quoting tb62
I see the 123, but the s u b is more than 2.4 pips from the ma on mine.
Correct; technically the 123 was just before which would have been OK but i decided to take that based on experience.


Below: the 3 point candle was only a fraction of a pip lower compared to 2 point candle but the structure was good for a long.
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see how that rule saves u from 3 losses in a row
1st peak had divergence, so that's what clued me in on not taking any longs
Quoting Divergence
see how that rule saves u from 3 losses in a row
Hi Div,

Could you please show on chart which peaks exactly do you mean?

thanks,
chris
Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
Hi guys,

I just had a loss on eu... Could you tell me if that was my bad decision or was it taken according to the rules?
Personally I think that everything lined up.

thanks
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Trade what you see, not what you expect. BE LIKE WATER MY FRIEND.
we were in an uptrend, only take a counter-trend trade off a 123
3rd 10 pip trade today took 1/3 of normal trade do to the time of day.
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Quoting gtrade
Correct; technically the 123 was just before which would have been OK but i decided to take that based on experience.


Below: the 3 point candle was only a fraction of a pip lower compared to 2 point candle but the structure was good for a long.
It might be an idea not to post trades that do not follow Div's rules exactly then any new guys are not lead astray I'm sure there are other forums for off plan trades.
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