【Learn with shapes: Winning signal】 notice the flag-box to sense trend resumption; continue to ride the pause in the trend as it rises and falls, exactly as [Kettei]
Ms. Ketty Profile
A housewife trader characterized by deep profits from shallow stop-loss and bottom-to-top trades. Since she is raising children, she practices and researches “multitasking trading” daily. Her motto is to trade without being bound by common sense. When she speaks, her quick-witted talk is as lively as Emi Onuma, and she is increasingly holding seminars nationwide that are full of laughter and practical value.
※This article is a republication/re-edition of an article from FX Kouryaku.com, October 2019 issue. Please note that market information written in the main text may differ from current market conditions.
※The “Strategy Points” and main text assume a long in an upward phase. In a downward phase, the rules are the opposite for a short.
Strategy Points
- Chart patterns: flag, box
- Trading timeframes: 5-minute, 15-minute, 1-hour
- Pairs to target: those with a trend on the 1-hour chart
- Benefits of this strategy: can capture a wide price range in one go
Identifying Trend Continuation with Flags and Boxes
New
- In an ongoing uptrend on the 1-hour chart, confirm a pullback timing (+1σ, middle line)
- Enter a buy at the lower limit of a flag or a box
Settlement
- Take profit slightly after the price moves above +2σ on the 1-hour Bollinger Bands
- Cut loss 10 pips below the lowest price of the flag or box
