How long to you typically wait until you call off a flag trade and is there a minimum flagpole length required?
Posted by Charlie Trader on 23 June 2018 12:20 PM

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, as there will be other opportunities.

There is no minimum flagpole length we look for. It has to be looked at in relation to the consolidation.

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