As promised yet another tip from Darren Winters of Win Investing:
Darren Winters Profit Exit:
Flags tend to form approximately half way into the market move with the initial flag pole indicating the initial move (distance at point A). This should give an estimate for the next market move with the limit exit order being placed just short of that distance.
As promised another tip from Darren Winters of Win Investing
Darren Winters Entry Tip:
Trying to avoid unnecessary risk and over market exposure I recommend opening two positions. The first position entered the day after the flag is penetrated with a bullish formation with the stop being placed directly under the bottom of the flag. The second position will be opened once the top of the flag is broken with the stop placed just under the bottom of the flag.
Bull Flag pattern is one that I highly recommend to many students at Win Investing. Not only does it produce high probability triggers but creates easy risk management scenarios for stop placement and position management.
Darren Winters Tip1:
Make sure that the flag pattern and pole formation starts with an initial market consolidation.
Darren Winters of Win Investing explains risk management around Bull Flag patterns.
The following post will include the latest useful tips from Darren Winters of Win Investing on this subject.
The post will also help with finding and predicting future moves generated through Bullish Flag patterns.
For Darren Winters of Win Investing
As promised, even more Tips from Darren Winters..
Darren Winters Tip3:
Make sure that MACD is not diverging on the top of the flag pole and that the price is an average trading zone. If the price has reached extreme deviations from the average its probability for the next large move are getting smaller.