Thanks Rcwso. My thinking was that the trend is still down, so we are going with the trend, do we need a 123 in such cases? I didn't take this trade, just wanted to know whether I am going in the right direction.

Flag trading the trend

Any thoughts about this one (please refer to the arrow). As I see it the trend is still down. In such instances is it better to wait for 1-2-3?

Flag trading the trend

Thanks

Flag trading the trend

Hi all, Can anyone tell me the inputs to be used in the zigzag indicator. Looks like a useful indicator. Are the default values okay?

Flag trading the trend

Thanks — Thanks.

Flag trading the trend

Hi Div, In such cases where would you place the stop, first arrow or second?

Flag trading the trend

Hi all, Can someone tell me how to watch Div's webinar in Vimeo.

Flag trading the trend

Thanks — Hi Trader613, Thanks a lot for the help. I will try it out.

IB with NinjaTrader vs Currenex?

Hi Trader613 — I use Currenex and am a short term trader and was wondering if there was an easier way to enter orders quickly. Can you please elaborate about using macro tool and shortcuts on the keyboard. I don't know what a macro tool is and ...

IB with NinjaTrader vs Currenex?

Yes, I understand. Luckily, my timezone allows me to trade the high liquidity hours of both London and NY.

Flag trading the trend

I believe those are valid according to the rules, but I take trades only within the first 3 hours after Frankfurt open and first 4 hours after NY open. I have rarely seen a loser if you stick to the first 4 hours of NY and I feel NY is the best ...

Flag trading the trend

I think your understanding is correct.

Flag trading the trend

Price bounced off from that area almost to the pip.

Flag trading the trend

Looks fairly clear to me, but Div will have the final say.

Flag trading the trend

Friend, Those trades are against the trend. Price needs to break the 1.3980 area to look for shorts.

Flag trading the trend

I have seen a lot of instances where the price starts drifting after 10 GMT. So I don't trade after that time. There are times it will work, but certainly not a high probability time zone I think.

Flag trading the trend

Hi Olarion, The trigger bar's low is below the SMA in the chart that I posted. The rule is the low should not be more than 2.4 pips from the SMA. eg If the low is 1.5243 and SMA is 1.5241, it is valid; if the low is 1.5244 and SMA is 1.5241, trade ...

Flag trading the trend

E/U

Flag trading the trend

Thanks — Yes Div. As Occam said you are a natural.

Flag trading the trend

Yeah

Flag trading the trend