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Flag trading the trend

  • #4,821
  • Jul 7, 2011 6:56pm Jul 7, 2011 6:56pm
Quoting thefallguy
what would be this issue with this trade from yesterday @ 8:35am?


Attachment
++++++++++++++++++++++++++++++++
It looks like price was in consolidation just prior to this SUB. Instead of price staying above the 10, it was on the line.

My best guess.
  • #4,822
  • Jul 8, 2011 12:25am Jul 8, 2011 12:25am
A bit late but i hope still helps.
The 4 Jul webinar:

http://www.mediafire.com/?o5vqnfwplatmxzm
  • #4,823
  • Jul 8, 2011 1:13am Jul 8, 2011 1:13am
hI Daimond,
could you explain the pic on your last post....
i don't understand how the first SUB you pointed/ first arrow/ is a SUB at all....it is not the first to break the 10sma
i understand that you pass the first SUB after a extended pull-back and wait for the second to form, i just don't get it why you read this candle/ first arrow/ as a SUB/
thank you!
  • #4,824
  • Jul 8, 2011 3:15am Jul 8, 2011 3:15am
hi speculant

i can answer that for you

a sub has a high/low within x pips of the sma AND has a CCI > 50 (long, CCI < -50 short)

the first bars that broke the sma did not qualify because of the CCI

this is clearly mentioned in the rules.

regards, john

Quoting speculant
hI Daimond,
could you explain the pic on your last post....
i don't understand how the first SUB you pointed/ first arrow/ is a SUB at all....it is not the first to break the 10sma
i understand that you pass the first SUB after a extended pull-back and wait for the second to form, i just don't get it why you read this candle/ first arrow/ as a SUB/
thank you!
  • #4,825
  • Jul 8, 2011 5:15am Jul 8, 2011 5:15am
the first bars that broke the sma qualifies on my chart
cci shows -55,19 and from there was the confusion...
... newer mind
thanks for the help
  • #4,826
  • Jul 8, 2011 7:17am Jul 8, 2011 7:17am
Quoting diamonddbw
The set up bar occurred at 3:01 am ET, and followed a SUB that was the first one to return to the trend. As per rules, the first SUB returning to the trend is passed up in case price continues against the trend.
This is illuminating, why have I never heard this mentioned before in the webinars or here in the thread? It does make sense to me, but somehow I must have missed it.
  • #4,827
  • Jul 8, 2011 8:03am Jul 8, 2011 8:03am
Quoting Tailgun
This is illuminating, why have I never heard this mentioned before in the webinars or here in the thread? It does make sense to me, but somehow I must have missed it.
Not only you have missed it. I am more than sure that Div was mentioning that it doesn't really matter whether the SUB is blue or red - it has to be within given distance from the SMA - (ceteris paribus).

  • #4,828
  • Jul 8, 2011 9:47am Jul 8, 2011 9:47am
hi all !!! how's that for a setup 123 ?!

http://savepic.org/1964130m.gif

Happy Trading
  • #4,829
  • Jul 8, 2011 10:29am Jul 8, 2011 10:29am
when dust cleared and we were still short and then it trended and pulled victory was the next stop
  • #4,830
  • Jul 8, 2011 11:59am Jul 8, 2011 11:59am
Quoting Divergence
when dust cleared and we were still short and then it trended and pulled victory was the next stop
++++++++++++++++++++++++++++++++
I thought that might happen but had to get some work done so I left 45 minutes before set up.
  • #4,831
  • Edited Jul 9, 2011 6:12am Jul 8, 2011 2:08pm | Edited Jul 9, 2011 6:12am
http://savepic.org/1963904m.gif GBP/USD

Pests turned off the light, unfortunately, I passed by.


Happy Trading
  • #4,832
  • Jul 8, 2011 8:26pm Jul 8, 2011 8:26pm
todays setups price never took out the last swing to change downtrend to uptrend then sideways action then downtrend resumed
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 145 KB
  • #4,833
  • Jul 11, 2011 2:38am Jul 11, 2011 2:38am
8 mins after London open we had a setup...
the only thing that looked risky to me is the proximity to this major support line that is part of the daily triangle, but i didn't see any big moves up, so no buy orders here ,,,and after several minutes price gave the signal to sell
here is the setup... hope i got it right despite it was a win
the setup is at 08.09 London time eur/usd

if someone see something wrong, please comment
have a great day

http://img62.imageshack.us/img62/6365/eur123.png
By radofx at 2011-07-11
  • #4,834
  • Jul 11, 2011 7:08am Jul 11, 2011 7:08am
we were in down trend and it pullbacked back so good trade
  • #4,835
  • Jul 11, 2011 7:40am Jul 11, 2011 7:40am
I took this 123 ten minutes after FF Open. It was up and down for 1/2 hour. I had to get out at +7 pips due to lighnting storm. As you can see, 5 minutes later it hit my Limit.

Also missed the trade speculent got due to storm continuing.
Attached Image (click to enlarge)
Click to Enlarge Name: Picture 107.png Size: 30 KB
  • #4,836
  • Jul 11, 2011 10:58am Jul 11, 2011 10:58am
I caught the 8:01 and the 9:00 (cst) SUBS,passed the 9:34 bacause of concern about a bounce off of the VBRN.....It was a good one too, but I missed it...Happy with what I got...
  • #4,837
  • Jul 11, 2011 11:19am Jul 11, 2011 11:19am
2 shorts at 10:27 and 10:44 est, anything wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: trades.jpg Size: 103 KB
  • #4,838
  • Jul 11, 2011 11:46am Jul 11, 2011 11:46am
I see nothing wrong with either of them, except I missed them... On the broker feed (Alpari) I was watching, the CCI was not below 50 on the 10:44. It broke the 50 on the 10:45. but I was skeptical of being that close to the very big round number 1.4000....
  • #4,839
  • Jul 11, 2011 12:09pm Jul 11, 2011 12:09pm
Was these trades correct?

I am not sure about first one becouse at the moment of entry we was not able to know if it will be some extended pullback or not

the secont trade today looks good for me.

Sorry my english.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot - 11.7.2011 , 19_05_17.png Size: 42 KB
  • #4,840
  • Jul 11, 2011 12:11pm Jul 11, 2011 12:11pm
I just find out thsi thread, I have read that Mr Divergence has made a webinar in the pass, was it recorded, another one coming ?

Thank you!
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