Even though a winner, I don't see why you'd go long here with resistance at 442 and no trend established today.

Flag trading the trend

d4n, Let me guess what you're thinking on eu . If divergence forms here, not enough room to 442 resistance. Possible counter trend flag setting up but support at 221. So stay out.

Flag trading the trend

So in the above example, if you lose a trade for minus $200, you're increasing the lots on the next trade to still win $200. Right?

Flag trading the trend

Money Management question for big D — You use a 1:1 RR trading 1-3% per trade. Your win rate is fantsastic but ours probably won't be as good at least for a while.Let's say you trade 1% per trade. If you lose a trade, your balance drops by 1%. ...

Flag trading the trend

I agree diamond, this is a great strategy. Wouldn't want to confuse anyone here so stick to the rules folks and make money as big D says.

Flag trading the trend

Hi Olarion, You commented on the entry of a div 123. I trade the traditional break of 2 on a 123. I know that's not according to the rules with big D's strategy. I think you get more of an early pop in price at the break of 2.

Flag trading the trend

Anyone take this one. Divdrgence 123

Flag trading the trend

I wimped out and didn't take it.

Flag trading the trend

Good point.

Flag trading the trend

Flag possibly setting up but some divergence seen before it . Any thoughts?

Flag trading the trend

We're in an up trend so I would only be looking for long flag trades. Winners on the short side would have been riskier trades today but I know you'll take them occasionally.

Flag trading the trend

thanks d4n, I'm within a pip on my platform so the rules wouldn't have saved me on that one. I'm trading MT4 with MB Trading by the way.

Flag trading the trend

d4n, Is this a valid 123? Trigger has the arrow above it and its broken by 1 pip, two candles later. thanks

Flag trading the trend

I didn't see divergence either if we're talking about the 7:45 and 9:30 candles. My charts show a lower RSI reading at 9:30. Did your platform show divergence? thanks

Flag trading the trend

Divergence 123 may be setting up.

Flag trading the trend

Yeah, I'm starting to think these divergence 123 trades may be even more reliable than the trend trades. There's another one setting up now but late in the session.

Flag trading the trend

For me, the 123 after the divergence was the key even though the divergence was only over 3 bars. If the 123 pattern breaks down after you spot divergence, you know you have to look for new divergence and a new 123 setup.

Flag trading the trend

Divergence at arrows.

Flag trading the trend

Divergence 123 — Did you guys take this div.123 setup today?

Flag trading the trend

Actually, IKON doesn't have the lowest commission for any ECN. I know MB Trading only charges $5.90 per round trip. And if you enter and exit your trade with a limit order, they knock that cost down to $2 per round trip. Spreads are usually .6-.8 ...

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