Flag trading the trend | Page 327 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Are you a trend trader or a counter-trend trader? 29 replies

Divergence Flag / Trend Continuation setup 0 replies

1 Min THV Flag Trading 933 replies

Is Grid Trading (combined trend following and counter trend) Profitable? 3 replies

3 CCIs 'Flag' Trading 55 replies

Attachments: Flag trading the trend
Exit Attachments

Flag trading the trend

  • #6,521
  • May 11, 2015 8:36am May 11, 2015 8:36am
moving stop to 74 +17
  • #6,522
  • May 11, 2015 8:43am May 11, 2015 8:43am
well it seems either everyones trading this successfully or they have moved on to something else so either way I will be signing off since I don't like talking to myself lol. until next time happy trails to you until we meet again.......
  • #6,523
  • May 11, 2015 8:51am May 11, 2015 8:51am
Sorry for the delay,,,,I have been trying to find where or how you entered at 57... I saw 67 on 10r.... I caught it.
  • #6,524
  • May 11, 2015 8:59am May 11, 2015 8:59am
one last post I am using 18 tick line charts and using the macd to help be find the place for the pullback entry but if it doesn't connect and I get 2 dots in the direction I am looking to trade I will use that also
  • #6,525
  • May 11, 2015 9:20am May 11, 2015 9:20am
I seem to have the 10R working pretty well for me,,,,Many thanks for your brilliant guidance....Trying now to move up to the next level with you ....I probably haven't
been vocal enough,but I have been watching and listening very closely..Thanks
  • #6,526
  • May 11, 2015 2:41pm May 11, 2015 2:41pm
Thank you very much Divergence, that you have had time and will to tell about these great pullback setups. I really appreaciate your posts
  • #6,527
  • May 12, 2015 1:40am May 12, 2015 1:40am
I'll tell you what, td : this thread - from start to finish - is a trading course all in itself. The method has gone through various iterations, but there are so many pearls of wisdom if you have the patience to sift through it.

I'd really recommend it as an ongoing project - read a little bit every week (absolutely not to to study every indicator setup, but to look at the different ways Divergence describes his approach to trading price action setups). It's a very thoughtful - and ongoing - process through different market periods.

And if you study carefully, you'll even see the gag about Amazonian Princesses and crocodiles... (hey, H - what happened to Joel !?)...
  • #6,528
  • May 12, 2015 3:08am May 12, 2015 3:08am
Chairman of The Bored here again (no trades yet this morning ).... so as no-one asked, here is ...

The Offical jtrade Top 3 FF threads "How to learn to trade" (listed in alphabetical order only) :

* Flag Trading The Trend (you are here, now)
* H4 Power (http://www.forexfactory.com/showthread.php?t=421431)
* Higher Low, Lower High System (http://www.forexfactory.com/showthread.php?t=108544)

Only 14,985 posts to read, so get started (I suggest you read the thread starter's posts only : Divergence, Vantage & 60minuteman).
  • #6,529
  • May 12, 2015 8:17am May 12, 2015 8:17am
looks like 18t gave a nice short
  • #6,530
  • May 16, 2015 8:49pm May 16, 2015 8:49pm
Hi, Everyone. I believe i have fine tuned the dom set up that I mentioned previously. you can enter off the dom as a limit order per the system and stops, trailing stops and targets will be automatically added as child orders.

In this example it is a sell limit entry 1 tick above the price(standard entry per this system - oil futures system 1)

It's Sunday here, so if you are going to try this please try on Simulated market and verify that the money adds up as you expect in your account before going live.

I will be testing this automation this week.

If you are doing part two (line chart) of this system you will need a new set of settings
Attached Image
  • #6,531
  • May 17, 2015 7:06am May 17, 2015 7:06am
You have to click simple bracket also i think
  • #6,532
  • May 17, 2015 8:40am May 17, 2015 8:40am
Hi, Divergence,

from what I have read simple bracket is just basic stop and target, so two settings. But we have added trailing stop, so this is another set of orders that will kick in at appropriate times according to this system.

But you do have to click "use attached orders" which is under the main tab, or the orders won't trigger.
  • #6,533
  • May 17, 2015 8:36pm May 17, 2015 8:36pm
Quoting jtrade
The Offical jtrade Top 3 FF threads "How to learn to trade" (listed in alphabetical order only) : * Flag Trading The Trend (you are here, now) * H4 Power (http://www.forexfactory.com/showthread.php?t=421431) * Higher Low, Lower High System (http://www.forexfactory.com/showthread.php?t=108544) Only 14,985 posts to read, so get started (I suggest you read the thread starter's posts only : Divergence, Vantage & 60minuteman).
For people who are not profitable, I might suggest 60minuteman's "Buy Sell Line Trading" thread which hasn't been posted to in some time. He shows two setups, one involving the engulfing bar pattern, and the other involving a simple pullback in a trend, but with a superb set of easy rules to make it work. I prefer the second setup (I believe he calls this Alternate Signal Candle and is discussed in the first post) and have used it on various markets for years. You will see that it has positive expectancy. You will feel like a pro as your understanding of the structure of the market and your ability to trade turns in the market profitably increases. Pardon the corny lingo, but it is true. Never saw one single negative post on that thread.

From the land of the setting sun
  • #6,534
  • May 18, 2015 7:46am May 18, 2015 7:46am
Quoting California
{quote} For people who are not profitable, I might suggest 60minuteman's "Buy Sell Line Trading" thread which hasn't been posted to in some time. He shows two setups, one involving the engulfing bar pattern, and the other involving a simple pullback in a trend, but with a superb set of easy rules to make it work. I prefer the second setup (I believe he calls this Alternate Signal Candle and is discussed in the first post) and have used it on various markets for years. You will see...
so are you saying that what I have shared is not profitable? I guess I have to give back the money to the broker lol. Not to discredit 60minutes or his method why is he now trading h4power it looks like a different method. Just saying
  • #6,535
  • May 18, 2015 8:39am May 18, 2015 8:39am
in a very nice spot shorted 73 via 18 tick line chart pb scenario its either going to tank down or I be
  • #6,536
  • May 18, 2015 8:57am May 18, 2015 8:57am
Yeah, I want my money back, H - pls send a cashiers cheque to the Liechtenstein account as usual...

More seriously, I was just sipping my hot chocolate, when this setup appeared... but I FatFingered (jtrade TM) my exit for +9 instead of +20 , but as trading olive oil is not part of the main plan, no worries...

Attached Image


Btw, thinking of something you wrote recently, I am experimenting with variable pos sizing - increasing after a win. It seems to be a good idea as often I have a hot day with 3 wins in a row, whereas the bad days usually start with a loser...
  • #6,537
  • May 18, 2015 9:02am May 18, 2015 9:02am
yes jt I go for 40 ticks on first trade then double lot size on second worst case scenario breakeven on day or up 120 total ticks on day thems the odds I like
  • #6,538
  • May 18, 2015 9:05am May 18, 2015 9:05am
Quoting Divergence
{quote} so are you saying that what I have shared is not profitable? I guess I have to give back the money to the broker lol. Not to discredit 60minutes or his method why is he now trading h4power it looks like a different method. Just saying
What I have consistently said for the past few years in my FF posts is this: The best threads are Flag Trading the Trend and Buy Sell Line Trading. The proof's in the pudding: Those are the two that I have contributed by far the most of my posts to. I know nothing about 60's other threads so cannot comment on them. As for 60 switching to a different strategy, what is wrong with that? I have seen this thread go through various iterations itself. Yes, a few years ago I read this thread all the way up to where you were doing videos. Sorry for some Monday morning feather ruffling there.
  • #6,539
  • May 18, 2015 9:12am May 18, 2015 9:12am
not a problem cali though this threads methodology has not really changed its still trading the pullback via different kinds of entrys whether its candle charts line charts range bar charts whether using indys to help or no indys find the trend wait for the pullback enter trade and the most important aspect is manage the trade.
  • #6,540
  • May 18, 2015 9:15am May 18, 2015 9:15am
got 25 on the short from 73 it went to 40 then retraced then went to 42 so I grabbed 25. entered via the green double dot at 63 and got the other 15 now its time to double up and score
1 trader viewing now