Dislikedthey are.
only the circled ones are consumed and invalid.
regards,
JonasIgnored
Pipcrawler
Price is Everything Chat Room
- #2,443
- May 13, 2012 5:29pm May 13, 2012 5:29pm
in general, why are flags usually pretty strong ?
hope you dont mind asking,but this is a key topic in pa trading and maybe some of you do have the same questions as i do
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Attachment
also id like to have some comments on the following chart, maybe you guys can post a heads up for me showing your s/d analysis, which area is even consumed, which one you would trade in future and so on,
would be great,
kindest regards & thanks in advance,
Jonas
As i understand it, flags are decisions on price. A pole forms (very often CP+LQ), hits S/D and starts to form a flag. when that flag is broken a decision has been made and bulls/bears take control until next decision point. New flag quite often.
When the decisions are taken to control price in a direction it seems orders are left over and at the very least, when the flag is retested we get a reaction.
Hope that is clear and also hope it's correct! I'm still learning too
- #2,447
- May 14, 2012 5:43am May 14, 2012 5:43am
- Joined Nov 2011 | Status: Trader | 1,271 Posts
This m1 stuff is exhausting
price should take out the whole compression...
Don't go BE on me now
..
- #2,453
- May 14, 2012 5:58am May 14, 2012 5:58am
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
Arrgg, here we go.....
Anyway, another shot at IF's EU short.
Later.
..
- #2,454
- May 14, 2012 6:03am May 14, 2012 6:03am
- Joined Nov 2010 | Status: Go with PA | 4,222 Posts
have you kicked your chart-stealing scammers already??
- #2,456
- May 14, 2012 6:40am May 14, 2012 6:40am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hi Jonas,
As i understand it, flags are decisions on price. A pole forms (very often CP+LQ), hits S/D and starts to form a flag. when that flag is broken a decision has been made and bulls/bears take control until next decision point. New flag quite often.
When the decisions are taken to control price in a direction it seems orders are left over and at the very least, when the flag is retested we get a reaction.
Hope that is clear and also hope it's correct! I'm still learning too
Hero calls followed by margin calls...
- #2,458
- May 14, 2012 6:50am May 14, 2012 6:50am
I've been holding my breath on this one, waiting for someone to come up with it while doing their CPLQ homework
my monkey brain come whit this: i always imagined a momentum pole like a change of sentiment in the market, thats why, generally speaking, you see very often that pole after a breakout[but not only after a br.]; liquidity could be explained by a ton of orders from big boys to push price into determinate levels, thats why we are searchingh LQ into S or D zones.
thank you for your reply...sounds logic to me... but where do we expect the left orders ? at the breakout point of the flag or at the top/bottom ?
for an explanation [of course, after if have finished to kill some pairs]
Sometime the horizon disappear. Twitter: @_whiteout
- #2,459
- May 14, 2012 6:56am May 14, 2012 6:56am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
at the decision
thanks for the reply
Hero calls followed by margin calls...
- #2,460
- May 14, 2012 7:45am May 14, 2012 7:45am
- Joined Nov 2011 | Status: Trader | 1,271 Posts
Good work. Now that's the Reaction part sorted
Will keep looking and thinking.
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