If your arrow is pointing at the second-to-last candle, then no it's not a trigger. The CCI is not above 50 on that candle.

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I'm not sure what divergence you see setting up, but Elliott Wave calls for five wave move followed by three wave corrections then another five wave move. If you count the movement down from 1.4012 to 1.3866 as five waves, then we have a three up, ...

Flag trading the trend

Heat — Div, I know you don't experience very many losers, but I'm wondering how often price goes against you and puts the heat on? From what I see most proper setups signal and go without much drawback at all. Just wondering what you've seen ...

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It looks like you are using Heinken Ashi candles, which will certainly alter the look and feel of this method.

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Pairs — Div, why is it that you trade only the eurusd?

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Darryl, the bottom example on the attachment matches the divergence at the time of your trade. Price painted lower high, oscillator painted higher number. This suggests continued weakness and that price should continue down. I just wanted to point ...

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I'm glad your trade worked out! Isn't the divergence you show a trend following divergence, not a reversal?

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I third the motion — I am just realizing how entangled my trading had become. This thread is helping me shed the baggage. If I will just wait, it will come. I was blind to the fact that my urge to trade was stronger than my urge to trade ...

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Trend and timeframe — Div, do you ever look at larger timeframes to find trend? I get turned around too easily looking at the 5min -- I see price move and I think I see trend, but the 30min and 1hour look like this could just be a large ...

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Seminar — Div, I just got back to my screen and would very much like to attend the webinar! Thanks!

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Delite, I picked 924 because that was the last swing high since the new low, or at least the highest swing high since the last low (3/8/11). It was also an area where support (on 3/3/11) became resistance. With the new low of today we have three LLs ...

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Now that I see price moving down, I wonder if a CCT would have been valid. There is divergence off the HH and a 123. So do CCTs become possible as soon as a new trend becomes valid?

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I think we have a trend change with price moving above the LH (1.3924) just before the LL (1.3855). Do I have that right?

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Diamond, 123s are only used at the possible end of a trend, which may have been possible at 1.3862, but it did not take shape. So the trend is still down and recent price action is just a retracement (from 1.3862 up to 1.3923). Looking for a 123 ...

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So it's the Sydney open until 1/2 hour after Tokyo? Do I have my times right?

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Trading Times — Div, why do you trade from 7 to 8:30pm est? What's the reason for that particular hour and a half? Thanks!

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Didn't that also setup in the E$, but it just hasn't followed through?

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Div, I took both trades as marked the attached chart, and I thought I understood your entry method, but now I'm not sure. The triangles point to the trigger candles (crossed above 10ma and CCI moved above 50), and entry was on the next candle (1 pip ...

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Finally! — Divergence! I have been learning elliott wave for the last two years and have been amazed at how it's proven right time after time. BUT... I have not had much success taking advantage of what's happening, and making money with it -- ...

Flag trading the trend

Clarification — I like what I see about your system -- simple to see and manage. I understand that having all the EMAs come to a point it ideal, but when they are not all together, how far apart is too far apart to invalidate the setup? The ...

5-min PASS (Price Action Scalper System)