hello friends. this is my first post on this forum. from last 3/4 months i am trading live on an another forum. posted around 80-100 live day trades with around 70% success rate. here is the link day trading for fun. - Page 27. though i am not here to show my abilities. i feel very sad to see that not a single senior member/moderator of that forum joined me for some healthy discussuion. though got 2-3 cheer up message from very newbie members. i posted a message to know about flag pattern. but again i did'nt got a single reply. they are very eager to know about some complicated indicator set-ups. they are the fast to show their ability on their preferred subject. though i didn't see a single thread where they are making money consistantly. they just like to talk about their hi fi funda. but no, no simple approach they are looking for. not even they care about it & also do not want to give their support to anyone who can actually do it. i just do not want to continue my live day trade journal on any forum. but i just want to continue my journey to acquire knowledge.

my 1st query to this forum: i want to trade flag pattern. is it fair to build a trading method based on this particular pattern. i just want to know your valuable opinion on it.

regards,

Originally Posted by dt1778

hello friends. this is my first post on this forum. from last 3/4 months i am trading live on an another forum. posted around 80-100 live day trades with around 70% success rate. here is the link day trading for fun. - Page 27. though i am not here to show my abilities. i feel very sad to see that not a single senior member/moderator of that forum joined me for some healthy discussuion. though got 2-3 cheer up message from very newbie members. i posted a message to know about flag pattern. but again i did'nt got a single reply. they are very eager to know about some complicated indicator set-ups. they are the fast to show their ability on their preferred subject. though i didn't see a single thread where they are making money consistantly. they just like to talk about their hi fi funda. but no, no simple approach they are looking for. not even they care about it & also do not want to give their support to anyone who can actually do it. i just do not want to continue my live day trade journal on any forum. but i just want to continue my journey to acquire knowledge.

I would refrain to comment on activities on other forums as indiTraders contain real traders. We spend our energy more in improving our trading.

Quote:

my 1st query to this forum: i want to trade flag pattern. is it fair to build a trading method based on this particular pattern. i just want to know your valuable opinion on it. regards,

Sure ,

U can build any trading system where ur comfortable with. Anything healthy related to Trading is welcomed here.

U can start ur journal here. And also u can participate in discussion of various trading methods.

Cheers ,
Darshiit

__________________

I hear & I forget. I see & I remember. I do & I understand.


If we are missing anything. Notify us.

Originally Posted by Darshiit

I would refrain to comment on activities on other forums as indiTraders contain real traders. We spend our energy more in improving our trading. Sure , U can build any trading system where ur comfortable with. Anything healthy related to Trading is welcomed here. U can start ur journal here. And also u can participate in discussion of various trading methods. Cheers , Darshiit

thanks mr. cruel moderator. i am humbled to see your quick reply.

is there anyonew who really trades flag pattern?

Trading With Chart Patterns

Hope this will be handy to u.

__________________

I hear & I forget. I see & I remember. I do & I understand.


If we are missing anything. Notify us.

Originally Posted by dt1778

is there anyonew who really trades flag pattern?

The disadvantage with this approach is that it's very difficult to define exactly what constitutes a flag to actually test if it worked or not. Questions such as:
1) What % retracement is required to be fulfilled? This % retracement again depends on the time frame used and the characteristics of the particular instruments.
2) What is the minimum and maximum time period for the formation?
3) How fast should the succeeding breakout occur?

These are more or less subject to subjective inferences and where there is subjective judgement, there's also hindsight bias

The first step will involve making the rules objective

__________________


Please use the report post button, citing reasons, in case you feel some post or thread is inappropriate. We will look into it asap

Originally Posted by Oxymoron

The disadvantage with this approach is that it's very difficult to define exactly what constitutes a flag to actually test if it worked or not. Questions such as: 1) What % retracement is required to be fulfilled? This % retracement again depends on the time frame used and the characteristics of the particular instruments. 2) What is the minimum and maximum time period for the formation? 3) How fast should the succeeding breakout occur? These are more or less subject to subjective inferences and where there is subjective judgement, there's also hindsight bias The first step will involve making the rules objective

thanks a lot

dt1788

__________________
"PLAN THE TRADE & TRADE THE PLAN"

Originally Posted by dt1778

thanks mr. cruel moderator. i am humbled to see your quick reply. is there anyonew who really trades flag pattern?

Originally Posted by dt1778

though i am not here to show my abilities. i feel very sad to see that not a single senior member/moderator of that forum joined me for some healthy discussuion. though got 2-3 cheer up message from very newbie members. regards,

oh sad you dint know that there are no seniors there , actually

welcome to the real world

__________________
History does not repeat itself, but rather man is prone to make the same mistakes repeatedly! !