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Flag trading the trend

  • #4,541
  • May 25, 2011 3:43pm May 25, 2011 3:43pm
hi guys havent posted in awhile besides the market not moving harmoniouly step daughter in hospitol doing biopsy and i just finsihed doing a cat scan to check for some stuff. I quess the market is waiting for be to move it lol
  • #4,542
  • May 25, 2011 5:49pm May 25, 2011 5:49pm
Quoting Divergence
hi guys havent posted in awhile besides the market not moving harmoniouly step daughter in hospitol doing biopsy and i just finsihed doing a cat scan to check for some stuff. I quess the market is waiting for be to move it lol
+++++++++++++++++++++++

Best wishes with your step daughter and other personal issues.

Good to hear from you always.
Darryl
  • #4,543
  • May 25, 2011 8:01pm May 25, 2011 8:01pm
My thoughts and prayers go out to you, Div, and your stepdaughter.
  • #4,544
  • May 25, 2011 8:02pm May 25, 2011 8:02pm
I will second Diamonds comment:

" Best wishes with your step daughter and other personal issues. "
  • #4,545
  • May 25, 2011 8:25pm May 25, 2011 8:25pm
Likewise, Best Wishes Big D! New York got your back!
  • #4,546
  • May 25, 2011 8:46pm May 25, 2011 8:46pm
Our thoughts and prayers are with you Mr D.
  • #4,547
  • May 25, 2011 9:23pm May 25, 2011 9:23pm
May God Bless You and Yours.....
  • #4,548
  • May 26, 2011 12:38am May 26, 2011 12:38am
Quoting Divergence
hi guys havent posted in awhile besides the market not moving harmoniouly step daughter in hospitol doing biopsy and i just finsihed doing a cat scan to check for some stuff. I quess the market is waiting for be to move it lol
Our thoughts and prayers are with you and your family. Ray
  • #4,549
  • May 26, 2011 2:41am May 26, 2011 2:41am
Best wishes to you and your family from me too Div, hope everything turns out well...


with regards to the Euro being difficult to trade lately. I agree you need to look at alternative pairs and i wouldn't dismiss indicies either. the Dax in particular can give great signals...

It even gave another buy signal just after this screen print (which i took)
I banked early, but it went on to give easy 20 points, with little heat...

http://i464.photobucket.com/albums/r...72/daxmiss.png
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #4,550
  • Edited 3:22am May 26, 2011 3:04am | Edited 3:22am
Just for an easy comparison, look at the difference!

Ok so i realise the second LL i highlighted was in actual fact the HL, but in my mind it shouldn't have dismissed the one before...

I also missed the textbook 123 between 8:20/9:10 am

http://i464.photobucket.com/albums/r...rockofshit.png
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #4,551
  • May 26, 2011 7:32am May 26, 2011 7:32am
Quoting Divergence
hi guys havent posted in awhile besides the market not moving harmoniouly step daughter in hospitol doing biopsy and i just finsihed doing a cat scan to check for some stuff. I quess the market is waiting for be to move it lol
We're praying for you Div
  • #4,552
  • May 26, 2011 7:48pm May 26, 2011 7:48pm
I traded a 1,2,3 into the 114.98 resistance area on the EURJPY for 12 pips. I really like the AIO flag indicator. I can watch for pairs now pretty easily. Thanks for the great indy.
  • #4,553
  • May 27, 2011 1:13pm May 27, 2011 1:13pm
Hey Tritom,

What's the status on your trade manager for flag trading?

Eagerly awaiting,
Jon
  • #4,554
  • May 27, 2011 1:49pm May 27, 2011 1:49pm
Quoting jmf0805
Hey Tritom,

What's the status on your trade manager for flag trading?

Eagerly awaiting,
Jon
It's ready, will do the pdf over weekend, I'll post it on monday.
:-anything
  • #4,555
  • May 27, 2011 1:59pm May 27, 2011 1:59pm
As many have noticed, it seems to have been a difficult couple of weeks. By following the rules and not over trading I have increased my account size. I am happy to have ended this week positive as well as last week. Not growing fast, but it is growing and with lots of learning experiences.

Tritom,

Thanks for the work. I am sure we will all benefit from our hard work.
  • #4,556
  • May 27, 2011 2:15pm May 27, 2011 2:15pm
Quoting Rcwso
As many have noticed, it seems to have been a difficult couple of weeks. By following the rules and not over trading I have increased my account size. I am happy to have ended this week positive as well as last week. Not growing fast, but it is growing and with lots of learning experiences.

Tritom,

Thanks for the work. I am sure we will all benefit from our hard work.
++++++++++++

Way to go RC.

Looking forward to getting back in the swing. Got word today that will be getting internet around the 10th of next month.
  • #4,557
  • May 27, 2011 5:43pm May 27, 2011 5:43pm
Quoting diamonddbw
++++++++++++

Way to go RC.

Looking forward to getting back in the swing. Got word today that will be getting internet around the 10th of next month.
Darryl, did you buy a 10,000-acre farm in a middle of nowhere? It takes so looooong for you to get internet!
  • #4,558
  • May 28, 2011 11:45am May 28, 2011 11:45am
Quoting ndhoanggia
Darryl, did you buy a 10,000-acre farm in a middle of nowhere? It takes so looooong for you to get internet!
++++++++++++++++++

Nothing like that. I'm on my sisters 3 acre property, 2 miles from major shopping, and neighbors on both side have cable. Apparently the old line coming up to the house has been inactive for so long that the cable co. needs to install an new line from the pole across the road (very small 2 lane country road) to the house. Over 200'. One of the hang ups is the need to pull a permit to climb the city pole to do the hook up. Six weeks for all of this. Also we've been getting grips of rain, real rain, which is not helping. Signing off from Mars.
  • #4,559
  • May 28, 2011 1:02pm May 28, 2011 1:02pm
Hey Tritom,

I’m Really looking forward to your EA tool. I have been trying to find an EA for moving the stop loss and just like everyone else I’m sure, I have been juggling the excel sheet and trade entry’s on MT4 to enter a trade. In a many cases I enter the trade a few pips late, thus skewing the R:R ratio. I have been having great success with this awesome system, think your EA will aid in all of our continued success.

I was checking out the screen shots you post earlier, wow it looks cool, can’t wait to see it.

Thanks for all the great work and contributions to this thread.
  • #4,560
  • May 28, 2011 5:12pm May 28, 2011 5:12pm
Great thread, wish I found it sooner. I don't tend to browse the "Trading Systems" are of the forum that often these days

I trade a similar system but only on the 4H & daily. It works on pretty much all time frames but I don't like being glued to the screen too long so longer periods suit my lifestyle.

I don't personally use CCI or look for divergence just some basic trend lines to setup a channel. I then look for a trend, wait for a pull back and get in on the break of the pull back.

For a pull back to qualify I like to see at least 3 bars in the opposite direction but that's not written in stone and can depend on the depth of the pull back.

For take profit areas I use the difference between the high and low of the pull back. Stops are at the high/low. Hopefully this way the stop is less than the profit target giving a better R:R. Again though this isn't written in stone.

If a trade seems to be struggling I may close it early or move the stop to break even. I guess it may seem a bit subjective but I find that's what works for me.

Keep up the good work fellow flag traders
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