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Flag limit (supply and demand 1)

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Rendy94

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what is the limit flag? limit flags or flags can be formed because of a breakout candlestick that breaks through the top (resistance) or bottom (support). when the first candlestick penetrates for the first time. that's where there is a small candlestick that forms a sideway. that's called the limit flag. there we can mark with rectangle as a reference level of supply and demand and wait for the price to return and it's time for us to open positions.

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#1 - February 05, 2019, 01:28:32 PM
« Last Edit: February 05, 2019, 01:42:58 PM by Rendy94 »

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If you start a new topic like this, please include an image of what you are talking about or an indicator that draws the flags.
#2 - February 05, 2019, 02:01:16 PM

Flag limit (supply and demand 1) in General Forex Discussion_topic=585

Rendy94

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is this like sir? is this correct?Flag limit (supply and demand 1) in General Forex Discussion_maxresdefault
#3 - February 05, 2019, 02:08:11 PM

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Quote from: Rendy94 on February 05, 2019, 02:08:11 PM
is this like sir? is this correct?
I meant a real screenshot of a flag on a real trading chart. I wasn't asking you to draw anything in Paint. If you have experience in the subject you are talking about, this should be easy for you. You can take a screenshot right from your MT4 chart or whatever it is you use.

I just want that if you start a topic that you either provide a visual of what you are talking about, or an indicator that draws what you are talking about, or something like this.
#4 - February 05, 2019, 03:52:17 PM

zanurreload

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It would be nice if you included an image when writing about transaction strategy. Next, I give an example for supply and demand that I took from the GBPUSD chart on TF H4.

Flag limit (supply and demand 1) in General Forex Discussion_Screenshot-71
#5 - February 06, 2019, 06:05:31 AM

nawwa thalorenz

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Quote from: Rendy94 on February 05, 2019, 01:28:32 PM
what is the limit flag? limit flags or flags can be formed because of a breakout candlestick that breaks through the top (resistance) or bottom (support). when the first candlestick penetrates for the first time. that's where there is a small candlestick that forms a sideway. that's called the limit flag. there we can mark with rectangle as a reference level of supply and demand and wait for the price to return and it's time for us to open positions.

talking about the technical you are using is very interesting and can be used by traders in general, in my opinion to determine the area of the limit flag you mean you must know the trending area that is clear and look for the retracement area, in the retracement area for example we open the H4 time frame and looking for the area of the limit flag we have to lower the time frame to either H1 or to m30, I think that is what I understand from the picture you described. if not this, I am ready to accept the further image. thank you
#6 - February 06, 2019, 08:25:42 AM

Rendy94

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Quote from: nawwa thalorenz on February 06, 2019, 08:25:42 AM
talking about the technical you are using is very interesting and can be used by traders in general, in my opinion to determine the area of the limit flag you mean you must know the trending area that is clear and look for the retracement area, in the retracement area for example we open the H4 time frame and looking for the area of the limit flag we have to lower the time frame to either H1 or to m30, I think that is what I understand from the picture you described. if not this, I am ready to accept the further image. thank you
yes indeed, I always use big tf first to find a strong key level. then I will go down to tf smaller to find the flag and will mark it as the supply and demand level, the smallest tf I use h1 is no less,
#7 - February 06, 2019, 01:35:49 PM

Eza Jordan

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Helo guys, I like to read limit flags on goggles, I have seen a little if the trading system uses this limit flag means looking for a form like a flag formation, it looks like it gets a lot when the market occurs a retracement, I observe it often forms like a flag, is it true do you mean looking for entries by waiting in the retracement area ??
#8 - February 06, 2019, 05:04:49 PM

Purple

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I like this technique ... this technique is related to the quasimodo level technique and I think you should be more detailed to explain this technique
#9 - February 10, 2019, 04:35:40 PM

Alim muntolib

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Quote from: Purple on February 10, 2019, 04:35:40 PM
I like this technique ... this technique is related to the quasimodo level technique and I think you should be more detailed to explain this technique
a little discussion, that what is called the quosimodo level is, when the price managed to break out the SnD and has not reached the target but the price reverses direction to pursue the MPL area. that's what is called the quosimodo level.
#10 - February 10, 2019, 04:59:46 PM

Purple

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Quote from: Alim muntolib on February 10, 2019, 04:59:46 PM
a little discussion, that what is called the quosimodo level is, when the price managed to break out the SnD and has not reached the target but the price reverses direction to pursue the MPL area. that's what is called the quosimodo level.
yes, but it must be composed of H L HH LL and that is not enough to convince the quasimodo level ... maybe next time we can share again
#11 - February 10, 2019, 05:08:30 PM

Alim muntolib

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Quote from: Purple on February 10, 2019, 05:08:30 PM
yes, but it must be composed of H L HH LL and that is not enough to convince the quasimodo level ... maybe next time we can share again
right bro, even though I don't want to explain in detail, because what we need here is to discuss, with each other, not patronize each other.
#12 - February 10, 2019, 05:16:21 PM

unber

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If discussing a new topic like this, let me hope you include the picture in question or an indicator that can illustrate.
#13 - August 20, 2019, 10:57:42 AM

Iluva

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I often use a flag limit for trading on my system.
#14 - October 11, 2019, 02:57:51 AM

miqbal79

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Limit flags are often used as a strategy because flag limits show the price is compressing and often occur when the market is panic or confused.
#15 - October 07, 2020, 03:11:01 AM
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