Have you also noticed fallow periods as in the past two weeks? If so, can you attribute such stretches to any particular variables?

Flag trading the trend

I also trade on the fxcm platform and use the 10-period SMA drawn from the median and it's fine.

Flag trading the trend

Daily Trends (or lack thereof) Impacting Flag Trading — Although I've only been flag trading for a few weeks I have my own working theory as to why a momentum-based strat like flag trading has been mostly a bust for about a week now. (And you ...

Flag trading the trend

Bank holiday USA and England today, staying out of the markets. (And, yes, we are all waiting for Tritom's EA. )

Flag trading the trend

I haven't been around that group since last year, before I took a break from forex. I learned a lot about reading bollinger bands from Tymen but unfortunately nothing that ever led me to a successful trading strategy. I have better hopes for this, ...

Flag trading the trend

This week has been.. brutal. I can only guess the consolidation on the daily charts is contributing to the malaise on the smaller. At least today I have found no signals, which means I have not taken any losses. That is a step up from yesterday and ...

Flag trading the trend

I've only been back to trading full-time (and the flag strategy) for about three weeks now after a hiatus going back to November last year. I can recall a couple veteran traders I know telling me they hate Mondays and only put half-sized trades on ...

Flag trading the trend

btw, what is "DJ open"?

Flag trading the trend

Oh yeah, I got burned. And to top it off I miscalculated lot size (it occasionally happens) and lost 4% instead of 3.

Flag trading the trend

So you guys were trading during the high news impact window of 30 min before and 15 after?

Flag trading the trend

So you're saying that if price comes back to the SMA but does not immediately move off the SMA in the next candle there is no trade?

Flag trading the trend

That sounds like a very good rule, thanks!

Flag trading the trend

It's happened to me a couple of times last night during Tokyo and again today during the am session. Below is a screenshot from a losing trade on AU 15m chart. image

Flag trading the trend

I looked through the first several dozen pages and found nothing explaining elliot wave and tips to avoid these issues. Can someone provide a summary? There are a couple very good PDFs for this strategy so far; it would seem that elliot wave theory ...

Flag trading the trend

The last two days I have been getting murdered taking flags off signal candles which turn out to be the last swing high or low in the trend. Have there been any lessons or tips put forward to judging how many swings can take place in a trend before ...

Flag trading the trend

Looked like EJ was going to give another bite of the apple but price only moved about 8 pips after the trigger and I moved SL to BE - which is where it fell back.

Flag trading the trend

I was in for 11p SL, could have had a 2:1 TP but allowed it to retrace to 1:1 and got out. Nice little trade.

Flag trading the trend

Nicely done, RC!

Flag trading the trend

Beautiful flag setups across 3 pairs just as multiple high-impact news is upcoming in 6 minutes... gaahhh!

Flag trading the trend

I took it for +28 pips, my entry was right at 1.4905 where I drew the horizontal S/R line (the "2" point). I was going to set a TP for near the middle of the daily range for +50 pips but chickened out when I saw the +28 was going to cover some ...

Flag trading the trend