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: