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Flag trading the trend

  • #5,321
  • Feb 22, 2012 10:52pm Feb 22, 2012 10:52pm
Quoting pemully
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
There are plenty of profitable systems around - and this one is great - but it is another matter to trade the system profitably. That takes skill and discipline ect...

If it was as easy as finding a profitable system we would all be millionaires.
Enter Signature
  • #5,322
  • Feb 22, 2012 11:58pm Feb 22, 2012 11:58pm
Quoting Sarythsaya
There are plenty of profitable systems around - and this one is great - but it is another matter to trade the system profitably. That takes skill and discipline ect...

If it was as easy as finding a profitable system we would all be millionaires.
++++++++++++++++++++++++++++++++
Hi Sarythsaya. Good to see you're still around.
I spent some time today reviewing the videos. I'd forgotten much of this and think it's time to revisit and renew. The Method, done correctly, and the proper times is quite valid, especially on the 5m. The 1m hasn't seemed to yield much, but I must say that I haven't been following 1m as much as I once did.

Video's are here: https://vimeo.com/diamonddbw/videos
At the request of Divergence (the threads originator) the videos are only for those who will take the time to study the method.

In order to gain access do this; Go to http://vimeo.com/ and open a FREE acct.

Once you do send me a message through vimeo and you will be added the viewing list.
Darryl
  • #5,323
  • Feb 23, 2012 12:16am Feb 23, 2012 12:16am
Quoting diamonddbw
++++++++++++++++++++++++++++++++
Hi Sarythsaya. Good to see you're still around.
I spent some time today reviewing the videos. I'd forgotten much of this and think it's time to revisit and renew. The Method, done correctly, and the proper times is quite valid, especially on the 5m. The 1m hasn't seemed to yield much, but I must say that I haven't been following 1m as much as I once did.

Video's are here: https://vimeo.com/diamonddbw/videos
At the request of Divergence (the threads originator) the videos are only for those who will take...

Always good to see you mate. I reakon i should go back over the video's also. Expect a pm very soon munchachos.
Enter Signature
  • #5,324
  • Feb 23, 2012 3:44am Feb 23, 2012 3:44am
Quoting danc
Why dont u test it your self..??then u will know..Wont u??
Not much point having a forum if you have to try everthing yourself though.
  • #5,325
  • Feb 23, 2012 4:07am Feb 23, 2012 4:07am
Quoting RandomOne
Not much point having a forum if you have to try everthing yourself though.
Ha.. Ha....Let the dick heads do it for u Hey..way of the world..
  • #5,326
  • Feb 23, 2012 4:41am Feb 23, 2012 4:41am
Quoting danc
Ha.. Ha....Let the dick heads do it for u Hey..way of the world..
One possibility, but I took the original question in the spirit of "is this still a viable trading method that it is worth spending time to learn?". As such they will still need to do a lot of learning.

Of course there are always those who want something for nothing, but I understand there is a commercial EA market already targeted at such individuals.
  • #5,327
  • Feb 23, 2012 5:17am Feb 23, 2012 5:17am
Quoting RandomOne
One possibility, but I took the original question in the spirit of "is this still a viable trading method that it is worth spending time to learn?". As such they will still need to do a lot of learning.

Of course there are always those who want something for nothing, but I understand there is a commercial EA market already targeted at such individuals.
Why wouldnt it be..been around a long time..If u do a lot hard yards it will work...as long as u look at multi time frames..and throw in a few good indicators.. Like CCIs.. if u are serious look at Vantages thred..He will answer any questions u what to ask.. and is a good bloke..and is smarter than most..those who started this thred and participated in it are long..Gone.. any how u probably know better than me .. dont really know why i answerd
  • #5,328
  • Edited 5:27am Feb 23, 2012 5:22am | Edited 5:27am
Hello Danc.

As RandomOne says a few posts back, I thought the point of this forum is to share useful systems with others to save them some time doing all the research.

If I found a profitable system I would post the info so that others did not have to spend many hours trying other things that may not work.

But like all forums you always get one aggressive member who does nothing but criticize others. Thank God, this thread has always been populated by very helpful people.

Robert.
  • #5,329
  • Feb 23, 2012 5:38am Feb 23, 2012 5:38am
Quoting robert2b
Hello Danc.

As RandomOne says a few posts back, I thought the point of this forum is to share useful systems with others to save them some time doing all the research.

If I found a profitable system I would post the info so that others did not have to spend many hours trying other things that may not work.

But like all forums you always get one aggressive member who does nothing but criticize others. Thank God, this thread has always been populated by very helpful people.

Robert.
Good on u Robert u must have a good heart.. all the best with this method..I wish u well..I can see by the amount of post u have made.. how much u have participated in this thred.. OR are u one of those who just watches..??
  • #5,330
  • Feb 23, 2012 6:40am Feb 23, 2012 6:40am
Quoting danc
Why wouldnt it be..been around a long time..If u do a lot hard yards it will work...as long as u look at multi time frames..and throw in a few good indicators.. Like CCIs.. if u are serious look at Vantages thred..He will answer any questions u what to ask.. and is a good bloke..and is smarter than most..those who started this thred and participated in it are long..Gone.. any how u probably know better than me .. dont really know why i answerd
The reason that some like me may wonder whether it is still working is the lack of recent activity which would be consistent with a system which had shown potential in the short term, but in the long term had not. Not that I am not saying that this is the case here, rather that this is a reasonable question to pose. In reality it could be that several of the main posters had been busy with other systems with more potential or even issues not connected to trading at all - life has a nasty habit of intruding like that.

Good to know that in your opinion it will work given enough investment in time and effort. In this respect at least I would not know more as my interest stemmed from the similarity with my research at that time of establishing whether it was possible to programmatically determine whether a trend had been established from increasing/decreasing highs and lows. The idea was then to place an appropriate position on a pull back with the hope that the trend would continue, but I could not get much more than a 50:50 return. Looking at the material at the time I think the reason for this is that there are some subtle conditions that that an experienced trader would avoid but a relatively unsophisticated program does not.
  • #5,331
  • Feb 23, 2012 6:54am Feb 23, 2012 6:54am
Quoting robert2b
Hello Danc.

As RandomOne says a few posts back, I thought the point of this forum is to share useful systems with others to save them some time doing all the research.

If I found a profitable system I would post the info so that others did not have to spend many hours trying other things that may not work.

But like all forums you always get one aggressive member who does nothing but criticize others. Thank God, this thread has always been populated by very helpful people.

Robert.
I think the best newbies like us can hope for is to be informed what does not work rather than what definitely does. On that road we need to tread with some humility in the presence of those with more knowledge and experience.

Good luck
  • #5,332
  • Feb 23, 2012 7:22am Feb 23, 2012 7:22am
Hello RandomOne.

I think you have hit the nail on the head.

This system has a great deal going for it, but like you I have difficulty getting any consistent profits.

The system rules are quite easy to understand, but it would seem that knowing which set-ups to avoid is the key.

Unfortunately I believe that this knowledge can only come from many years of trading experience.

'Divergence' in his videos would not take certain set-ups that looked perfectly good to me. So therein lies the problem, if you do not have those years of experience you will probably never achieve the win rate required.

Robert.
  • #5,333
  • Feb 24, 2012 3:28am Feb 24, 2012 3:28am
If i may rejoin the conversation to offer an opinion;

After considerable time and effort studying the system, i have developed it with a few tweaks, after several observations.
I don't think anyone was putting enough effort into working out where we were in a trend. Its easy to find flags, but we could do without the failures and the one's which give you 'heat'.
Get to recognise wave4's and subsequent abc corrective moves, then you can look for the 1&2 of the next advance/decline. This is the safe set-up and what's more puts you into the powerful wave3. It will normally have the flagline starting from either the end of the previous wave 5, or from point 'b' of the corrective. Sometimes you will get a subwave 'i' and 'ii' of the 3rd wave too.
If you don't recognise it; don't trade it.... simples!
There are many many charts and pairs out there to look through. They all trend differently at different times, so start studying!

http://i464.photobucket.com/albums/r...k72/audjpy.png
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #5,334
  • Edited 4:13am Feb 24, 2012 3:43am | Edited 4:13am
The other observation i have made is that if you now transfer this knowledge to a bigger time frame, you can take a trade with a clear Risk:reward of 1:1 and it will always hit its TP. Stop is the lowest point during the flag and will always be the end of the corrective waves, (stop can actually be higher as you can treat waves 1&2 as a 123, therefore stop pip below wave2, but for purposes of working out TP, use the bottom print).
Work out the distance from stop to entry, add it to the entry price and you have your target.
I have shown the Dow on the hourly, but over the length of time it took to set-up, it actually triggered on the 2hr, (length of set-ups should match the correct chart timeframe)

Here's the chart;

http://i464.photobucket.com/albums/r...72/dowabc2.png

Ooooops, i showed the wrong TP; here was the actual result;

http://i464.photobucket.com/albums/r...72/dowabc3.png
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #5,335
  • Feb 24, 2012 3:58am Feb 24, 2012 3:58am
Hopefully this isn't too confusing, but again here we have several great set-ups, easily identifiable giving R:R 1:1.

The first set-up will be confusing as it was triggered on the 4hr chart, but i have shown the 2hr chart as it includes three set-ups. The second set-up had an identical TP as the first set-up. If you get this, it should be stake the house on the trade!
The 3rd again shows that the market will just catch the TP before a retrace each time;

http://i464.photobucket.com/albums/r...2/auditar8.png
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #5,336
  • Feb 24, 2012 4:04am Feb 24, 2012 4:04am
So, again; it even works on the Spain35!;

http://i464.photobucket.com/albums/r...rk72/spain.png
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #5,337
  • Feb 24, 2012 4:19am Feb 24, 2012 4:19am
Quoting The Cableguy
So, again; it even works on the Spain35!;

http://i464.photobucket.com/albums/r...rk72/spain.png
Three posts TOP stuff.. VERY clear charts..CCI.. index 8 hey.. MMMhave been playing CCI on multi time frames as per F..Cube.. in conjunction with Vantages 123 stuff .. goes well.. if u pay attention..but this is top stuff will have real hard look to morrow.. For me constantly flicking throu multi time frames .. is very important.. Thanks..
  • #5,338
  • Jun 11, 2012 8:25pm Jun 11, 2012 8:25pm
Quoting jmw1970
Hi All

this is the latest version of the divergence finder, this contains no new functionality however fixes some problems people experienced that were broker/MT4 version specific (minimum build requirement of MT4 is 226)

(Help|About will tell you the build number of your MT4 installation).

Regards
John
To John or anyone...

I know I am quoting an old post here however,

was there ever a fix or new version made that fixed the refresh issue on this indicator? So that you do not have to switch time frames back & forth or refresh in order for the diverg lines to appear.

Thanks in advance for any help here.

G
Find The Pain Points On Your Chart & Trade Off Those Levels
  • #5,339
  • Jun 19, 2012 1:20am Jun 19, 2012 1:20am
Quoting Divergence
yes sujith the triger bar was correct but if next candle didnt take you into trade you use next bar as long as cci is above 50 and bar is on or above 10 sma and not more than 2 pips away from sma if that didnt take out no trade the second one was perfect also trading at 1800 gmt is not a good time 00 gmt to 130 for asian 1400 to 1700gmt for usa sessions you want to trade a high probability trading setup in a high probability time area

Hi All and especially Div.....I'm newb....could you give the exact TRIGER u mentioned "The bar you use next bar as long as cci is above 50 and bar is on or above 10 sma and not more than 2 pips away from sma"
So I attch yesterday pictures trade....sorry still Confuse to trade n open position..
Thx anyway




http://imgur.com/EP5kT
Attached Image (click to enlarge)
Click to Enlarge Name: fxdd trade 160313.jpg Size: 80 KB
  • #5,340
  • Jun 20, 2012 7:39am Jun 20, 2012 7:39am
oneway
I haven't traded this in a while, and when i did i traded the 1min, but it looks like you are trading up in a down trend! Make sure you are trading with the trend established on the 15 or 30 minute time frame
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