Flag trading the trend

hi all
i took this trade at 11.40 am GMT but i have a question...is this a valid sub, because it was not the first one to break the sma line...
i counted the previous red candle as a bullback and the sub i used i counted as a valid sub...can somebody comment on that please...thanks
http://img832.imageshack.us/img832/4452/eurrrroday.png
By radofx at 2011-06-29

there was even a 123 to confirm good trade

Now thats what i call a PULLBACK!

with the greece thing finally out of the way we can now resume the plan find the trend on 15 minute chart go down to 1 minute chart wait for pullback find s u b enter trade and manage it make money

Here's to hoping you are correct in your assessment. After another rough start to the week I just posted back to back wins in EU and AU.

Now we just have a bit more disruption with USD holiday-shortened week next week, ending with NFP.

Don't care what goes up or what goes down, as long as SOMETHING starts trending!

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Trend is obvious on EU. Been up for 3 days. Use only 15 m for trend.

test

hi all
this is how i saw it today and entered long from the 1 min tf according to Divergence system,going towards lvls that i expect to be reached later today.
pic 1 is my entry,pic 2 is the lvl of the stop i used visible from the 5 min
pic 3 is a 4h bearish gartley setup,where786 XA converges with 1,272 CD.
several hours ago price tried to reach the convergence lvl /came to 8 pips from it/and failed and with the main trend up i saw a good chance to enter toward D point of the 4h setup...if price reaches D point usually i would look for a short setup according to the Divergence system , best works with 123 setups and divergence from the small tfs...but hollydays are coming and i might stay aside...right now the position is 17 pips up and stop at BE....
time of the chart is +2 GMT

just my point of view...
thanks Divergence!
http://img89.imageshack.us/img89/3351/entrys.png
By radofx at 2011-07-01

http://img809.imageshack.us/img809/6989/5min.png
By radofx at 2011-07-01

http://img143.imageshack.us/img143/8484/14853221.png
By radofx at 2011-07-01

Identifying the 15M trend just using the guidelines in this thread is impossible. What qualifies as a swing high or swing low? It's always open to interpretation.

If in the chart above you identify the swing low as 1.4466 then it's still an up trend but if you identify the swing low at 1.45 then it's a down trend.

after your second red arrow you are in DA NO MANS LAND... let them fight

when determining direction hh hl ll lh s see where r becomes s it's not Subjective but objective

Thanks Divergence. Would you say that in the chart I posted the second red arrow was a lower low and so the start of a down trend? It seems to me subjective because there are only a few bars in it.

even though low was taken out by a few it never closed there support is an area zone you see price went straight up 80 pips

Post # 4729

Hi diamonddbw.

I cannot find the trading video you mentioned in this post. Vimeo (according to my search) suggests your last activity was 3 months ago with 3 albums and that you don't have any videos yet.

I'm reasonably new to this thread and thought your video might answer some things for me.

Happy Independence Day for the 4th to all the US contributors.


Di

++++++++++++++++++++++++++++++++

Hi Duffy. I tried to PM you with the info you need to access videos, but apparently you have this feature turned off in your user preferences. Please activate your PM feature so we can communicate without sharing your info.
Darryl

HI ALL
this was Friday ...i found 3 setups after 5 minutes staring at the chart today/Sunday/ a bit late
They were good off the 5 min chart, not the 15/1 min where i was lol...just wanted to share what i saw and to bring some more confusion hah...
this was London session ... didn't see anything during NY. my chart is +2 gmt
happy 4th to the Americans here
please comment...
http://img40.imageshack.us/img40/111/fridaya.png
By radofx at 2011-07-03

I thought that i would post all the rules here rather than do another webinar. It appears many maybe didnt understand what i was showing well let me say this this method yeilds 2 -3 trades per day in us session therefore i will look to get 2 a day if i would have done this over the last 2 weeks 19 winning trades in a row with that said here are the entires rules: us session 830 - 1130 pair is eurusd use this 2 indicators only 10 sma apllied to median 2 h/l and a cci set to 8 with levels at 50 and - 50. we look at 15 minute chart to determine which direction market is in and this is dont by seeing if its making highers or lower lows i will show you charts after i explain a few things. Once you have determined you are going either long or short we go to 1 minute chart not 5 not 3 but 1 minute chart. If on 1 minute chart price is trending up and we are looking to go long wait for pullback which is when the cci is below 50 in uptrend or above 50 in downtrend then when candle pops up and over 10sma and cci crosses back over 50 that is first qualification for setup bar to trade. Our target and stoploss are the same 15 pips. now if going and say the high of the setup bar is 1.4508 and we enter 1 pip above high plus 1 for spread that means an entry of 1.4510 our stop is at 1.4495 the only time this becomes a valid trade to enter is if stop loss is at the low of last pullback swing or lower if that is the case then its ok to put on trade. Once in trade when price gets to +10 we move stop to breakeven and watch the price action to make sure we get to or close to target well thats all the rules i will now give some charts for more explaination i hope you get this because it will make you a lot of money if not good luck searching the forum for the magic bullit

here is more charts

Hi Div,
In your second chart you state that price broke above the trend line, but then goes below. If price is below why are you still looking to go long?