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NEW CHART
15th May 2005


FLAG FINDER SEARCH EXAMPLE


Type of Trade:		Flag / Pennant pattern
Detection Method:		Jason Mitchell Flag Finder Search v.1b 


Chart on First Day Of Detection




TRADE PLAN

Raw Price Action:		Flag / Pennant pattern
			Take Conservative Approach - Add on Break
			Max. Chase Level $5.40

Confirmation:		Guppy MMA is not displaying a strong downtrend to overcome - possible trend beginning
			ADX Shows Uptrend in Place and getting stronger
			JICD Rising			
			Entry Exit Level Shows Possible Trend Started shown by long and short term colour system green)
			
Initial Stop:		Low Point in Flag Pattern

Trade Management:	Remove at Target of $5.72
			Remove on Candle Pattern Reversal Under Target
			Aim To Take Profits Quickly
			Remove on First sign of indicator weakness (eg. divergence JICD)

Position Size: