The flag itself looks like a flag except the flag is rising with the bull flagpole (or falling with the bear flagpole), should I trade it?

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• Do your methods work equally well in rising and falling markets?

  Yes, using rising and falling price chart patterns, with OVI and Big Money Footprints in support.

• How long to you typically wait until you call off a flag trade and is there a minimum flagpole length required?

  If it stops looking like flag, then that’s the time to move on; or if there are other better opportunities that deserve your attention. We don’t tend to look beyond a couple of weeks of consolidation, unless there is a channel or basing action, or ...

• The trades I have put on have not worked, I’ve made some losses, what am I doing wrong?

  The only way you can lose money with these methods (if applied correctly) is on a false breakout. In other words, you get triggered into a trade, and then it retraces and stops you out before P1. This scenario is highly unlikely if: A) The flag or ...

• Is it normal enough that after a trade is filled that it comes back into the flag (bull) and bounces along like that for quite a few days before it thinks about going back up through the original buy stop order level again?

  This is something that can happen. Ideally when the stock breaks out it keeps going, takes out our first profit target and then some more on top, which you manage by use of Guy's Dynamic Trailing Stop. When the markets are breaking out big time ...

• What is a Flag Pattern?

  A flag is a consolidation pattern during a dominant trend and entails the price rebounding off 2 short term parallel trendlines. There is very rarely a 'perfect' flag shape, but what we are looking for is price consolidation. The flags can be in the ...