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Flag trading the trend

  • #5,301
  • Nov 8, 2011 1:03pm Nov 8, 2011 1:03pm
Earlier 15min long set-up also backed up by a larger 1hr set-up (still in play);

http://i464.photobucket.com/albums/r...ark72/1hr5.png
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #5,302
  • Nov 8, 2011 1:42pm Nov 8, 2011 1:42pm
Quoting The Cableguy
I can remember a few others over-trading much like myself a couple of months ago!!!!
It's only overtrading if you're losing. If you're winning, it's taking advantage of favourable market conditions
  • #5,303
  • Nov 11, 2011 9:39am Nov 11, 2011 9:39am
since this thread has really slowed, this new thread http://www.forexfactory.com/showthread.php?t=325018 captures alot of the same elements, but simplifies when to take a trade. it trades with the trend, uses heiken ashi candles for 3 periods to confirm the trend, stays away from trades once avg trading range has been reached, enter on breakout of candle once conditions are met
here are the rules from the 1st page

LONG (and for SHORT vice versa)
1.- All MTF HA green2.- OHLC green.
3.- BO Signal Bar green: Break Out of Signal Bar (up for Long & down for Short)
4.- min. 10 pips distance to the pivot in the direction of the trade: if not: no trade !!
5.- xADR green & RmUp/Dn green
6.- no trading when news comes out

the thread is only 2 days old and has ballooned to 50 pages but all info, indi's, and template can be found in first few pages--it grew out of a thread by dredding(which is very good) kinda combines his trading with pullback to s/r and HA candles, with this thread's entry of trading breakout after a signal candle--just thought i would pass this on to try to help, hope someone is benefitted
  • #5,304
  • Nov 17, 2011 2:13am Nov 17, 2011 2:13am
Quoting tbjohnton
since this thread has really slowed, this new thread http://www.forexfactory.com/showthread.php?t=325018 captures alot of the same elements, but simplifies when to take a trade. it trades with the trend, uses heiken ashi candles for 3 periods to confirm the trend, stays away from trades once avg trading range has been reached, enter on breakout of candle once conditions are met
here are the rules from the 1st page

LONG (and for SHORT vice versa)
1.- All MTF HA green2.- OHLC green.
3.- BO Signal Bar green: Break Out of Signal Bar (up...
Thanks for the link tbj. I really like the thread starter's presentation (bravo, Udine)... BUT as good as the method may be, it is "indicator-heavy"& part of Divergence's whole point with FTTT is to use minimal indicators and maintain the KISS principle.

I'm just sayin'...
  • #5,305
  • Nov 17, 2011 5:50pm Nov 17, 2011 5:50pm
just thought i would post a thread that may help some people. i dont think its indicator heavy. still just looking for breakout of bull/bear candle, in the direction of the trend (using mtf ha, to determine trend) and using atr as a filter to see if there's room for a move in ur direction (div used divergence finder) been busy the last few days so havent been able to trade it live, but looking back over the charts at the end of the day, there looks to be quite a few nice setups each day.
  • #5,306
  • Nov 22, 2011 9:45am Nov 22, 2011 9:45am
hello all, just sayin "hi". been reading this thread for a while now and im at 3k+ posts.. hope your all doing good. looking forward to see where this takes me. and yes i do try to trade this on live with very nice results i must say! :-)
  • #5,307
  • Nov 24, 2011 10:12am Nov 24, 2011 10:12am
StopLoss is for none belivers... Trust the Gurus..
  • #5,308
  • Dec 5, 2011 12:39am Dec 5, 2011 12:39am
hi guys i have picked up interest in this thread but i am wondering if everyone is out for the holiday.
  • #5,309
  • Dec 6, 2011 3:21pm Dec 6, 2011 3:21pm
Just came across this thread. Very useful compilation. A lot of traders think that flags are one of the most reliable patterns. Brief halting phase in an ongoing trend. Flags offer great risk: reward ratio and have precise stop-loss areas. I think one of the most important things to look out for is volume. It is imperative that during the pattern, the volume is low. Thomas Bulkowski says that flags that are tall and wide have greater success ratio. But he says that throw-backs and pull-backs hurt the performance of this pattern. What is the opinion of seniors in this regard?
  • #5,310
  • Dec 7, 2011 1:39am Dec 7, 2011 1:39am
Inspired by this post, I went on to put together a system i am testing here and wish for others opinion on it. Please check http://www.forexfactory.com/showthread.php?p=5200815. Thanks so much for your input.
Big thanks to divergence for this system.
Quoting clivepackham
The secret is knowing which subs to take and more importantly which to NOT TAKE.

I've devised a little system to help me with this dilemma, which I really like and it proved quite tasty today too. Its a slight variation on my 3 CCIs system but instead of using 3 CCIs I now only use 2 the 1min and the 15 min cutting out the middle one of 5 mins.
.......
All you do is wait for the 15 min CCI to go red (when looking for buy subs) then take the next buy sub on the 1 min CCI. It's that simple with todays London open...
  • #5,311
  • Dec 14, 2011 12:33pm Dec 14, 2011 12:33pm
Quoting clivepackham
Well done phneutral good trading to have so many trades and one winner with the rest break even.

Probably best to stick to the trading times laid out by Divergence as you were running a bit late. Trade like that durring peak hours and you will do fine I'm sure.

The secret is knowing which subs to take and more importantly which to NOT TAKE.

I've devised a little system to help me with this dilemma, which I really like and it proved quite tasty today too. Its a slight variation on my 3 CCIs system but instead...
Clive, I'd be interested to know if you still trade this variant of flags and if you can advise how successful it's been and how many trades you typically enjoy during the London/NY overlap.
  • #5,312
  • Dec 14, 2011 1:08pm Dec 14, 2011 1:08pm
Quoting Tailgun
Clive, I'd be interested to know if you still trade this variant of flags and if you can advise how successful it's been and how many trades you typically enjoy during the London/NY overlap.
Meaning what are the average number of signals per day
  • #5,313
  • Dec 21, 2011 11:34am Dec 21, 2011 11:34am
I have traded this method all day today on eur/usd and so far made 90 pips. Thanks divergence. All i have on my chart is a 50ema for direction. I wait for a pull back, draw in a line and wait for a bar to close past the line. Entry 1 pip after this as divergence suggests.
  • #5,314
  • Jan 21, 2012 8:57am Jan 21, 2012 8:57am
where can i get the webinars made by Divergence?
  • #5,315
  • Jan 21, 2012 10:12am Jan 21, 2012 10:12am
It`s a nice way to trade, trend following with entry on a pull back or rally.
Seek not to change the world; seek only to change your mind about the world
  • #5,316
  • Feb 21, 2012 5:12am Feb 21, 2012 5:12am
I have been trading forex for a couple of years, and have been concentrating on flag patterns.

I have had limited success so far.

So it was with great interest that I found this thread started by 'Divergence'.

I have to say that he seems to be a great guy. He has put so much time and effort into this thread, all the helpful posts, the charts and the great videos.

I have never ever before on this forum seen such devotion to helping others. My thanks and admiration go out to you 'Divergence'

I have spent the last week going through this thread, from start to finish, all the posts, all the charts, and all the videos.

I am starting to use this method in demo, and hope to do much better in my trading.

Thanks also to all you others who have posted such useful info, and have kept this thread alive for so long, much appreciated.

Robert.
  • #5,317
  • Feb 21, 2012 6:23am Feb 21, 2012 6:23am
if it seems too good it cant be true.....works 'surprisingly' well in the past as so many systems hrer in FF but in real time ...well cant speak of others...hope you guys have made millions...hahaha
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #5,318
  • Feb 22, 2012 9:12am Feb 22, 2012 9:12am
I can't see much activity on this thread anymore. Has this method had it's time and no longer works.

I would be grateful if some of the original posters who were so active, could let me know.

I do not want to waste my time following this trading method if it is no longer profitable.

Robert.
  • #5,319
  • Feb 22, 2012 6:36pm Feb 22, 2012 6:36pm
Quoting robert2b
I can't see much activity on this thread anymore. Has this method had it's time and no longer works.

I would be grateful if some of the original posters who were so active, could let me know.

I do not want to waste my time following this trading method if it is no longer profitable.

Robert.
Why dont u test it your self..??then u will know..Wont u??
  • #5,320
  • Feb 22, 2012 10:48pm Feb 22, 2012 10:48pm
Quoting robert2b
I can't see much activity on this thread anymore. Has this method had it's time and no longer works.

I would be grateful if some of the original posters who were so active, could let me know.

I do not want to waste my time following this trading method if it is no longer profitable.

Robert.

This method may be helpful for you, but i doubt it. This system is just a variation of the standard 'trading pullbacks in a trend'.

Various forms of trading pullbacks in a trend have always been profitable - and in fact it is one of the most traded set-ups around.

Divergence has done a very good job with this system - but one of its limitations is that it is on the 1min timeframe. The 1 minute timeframe is psychologically difficult for many people to trade - even though it is a good system and a profitable one.

As you are clearly a newbie - i would recommend finding a system that is on a larger timeframe - or using this system on a larger timeframe. This path of yours will take years so strap yourself in and get ready for the hard climb up the mountain.

Good luck
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