Flag pattern

Discussion in 'Technical Analysis' started by Pekelo, Mar 8, 2018.

  1. Well Yes if you know where the Trend will end - But on the other hand you did point out indicators there is also Systematic Metric length Calculation involved against some equation within the Flag Pattern lengths.
     
    #31     Mar 10, 2018
  2. I can't picture in my head how that would look, lol
    I suppose you could say an 'inside bar' is not a 'pattern' as suchI guess, depending on your definition of the word. Or maybe a line that you consider support or whatever, but even then, it's based on a pattern of sorts
     
    #32     Mar 10, 2018
  3. _eug_

    _eug_

    I think you would have better entry if you just drew horizontal lines. The low of your flag is a re-test of the resistance turned into support level form earlier on in the chart.

    Chart.jpg

    Maybe a momentum indicator on a tick chart as we approach the level to see if buying is taking place... hmmm
     
    #33     Mar 10, 2018
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  4. Pekelo

    Pekelo

    It is hard to do with lower lows and lower highs. I actually missed that earlier high resistance/support level.
     
    #34     Mar 10, 2018
  5. qxr1011

    qxr1011

    that's ok
     
    #35     Mar 10, 2018
  6. You would have better success if you just drew to horizontal lines as A Linear Aggression Channel and waited for Price simply to either go Up or Come back down. It could not be simpler.
     
    #36     Mar 10, 2018
  7. volpri

    volpri

    Ask him to post sone examples. See how far that will go LOL
     
    #37     Mar 10, 2018
  8. Am I talking to the children please advise ?
     
    #38     Mar 10, 2018
  9. volpri

    volpri

    ROFLMAO.....
     
    #39     Mar 10, 2018
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  10. vanzandt

    vanzandt

    Sure they work as advertised, but they cost you money in a big way.

    Below.... these errant candles happen constantly intraday. They extend well beyond what one could reasonably define as "noise". They trigger any and all stops in a matter of seconds. Programed stops are antiquated, as are trailing stops. They just don't work. They are too easily triggered.

    Untitled.png
     
    Last edited: Mar 10, 2018
    #40     Mar 10, 2018
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