Bull Flag Pattern: How to effectively use this classic pattern to profit
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- Опубликовано: 27 янв 2020
- Learn how to effectively spot and then trade the classic Bull Flag pattern to profit. Register for our free intensive trading webinar smbu.com/mike
#BullFlag #TradingPatterns #daytrading
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Classic, simple, and effective pattern. One of my favorites! I actually took this exact trade that morning as well.
Mike and SMB, thanks for all that you do, you guys are the best.
very nice work by you!
Can you use this pattern with penny stocks?
Keep up the great work
what a friendly team with a great leader like Mike, I wish I had a mentor like him
I love those flags and triangles! I am about 1.5 hours from Charlotte myself. Thats awesome there are others in my state trading for you guys!
close as well....
Been at this for over 30 years. Just picked up “The Playbook” and I must say I cannot put it down. Likewise a few like minded guys and myself started a private discord channel and we are all in amazement how well we are doing playing off each other’s strengths and reads. We are trying to emulate the review process and chat a few minute each day on what we did right and wrong. It is amazing what that alone can do for a few experienced guys. We all can’t wait to wake up each day. I want to thank you for the book and the content you are providing. Keep up the great work.
That's awesome! Having a group you can ping ideas off of is great
Completely agree Mike. I work from home on my own account and having people around me for the idea bouncing and competitiveness is something I wish I had.
you do not have to be alone Hannish
You know a prop firm in Perth, Western Australia who trades US Equities? lol Nobody as crazy as me to work all night!
Do you still trade? If you still do and would like to join a community msg me my friend!
Joint a discord room
In Raleigh, NC.
Great video love the no BS mentalities
the no BS trading channel indeed
This is really good information. It is definitely complimenting my compiled "RUclips trading degree" and personal experience lol
Amazing what you can learn on RUclips, especially SMB's channel :)
good to hear RUclips is providing so much value Terry
@@mbellafiore19 , Could you connect me with an SMB trader in Charlotte? I've been here for 22 years- I might even know of them by a few degrees of separation. I'm over halfway through all the videos on the channel. I'm seeing (via tradervue) good returns but I think I'm ready to make the investment in the SMB training courses.
What a great video! Very useful information in regards to the pattern itself and max did a great job explaining his trade management. The commrodery in this room is so inspiring, so many useful ideas being shared here. I cant wait to meet you in Orlando next week Mike. I've wanted to thank you in person for the role your traders along with you and Spencer have played in my development as a trader (sole purpose for attending). I'm starting to hit some real strides now while journaling my trades and i look forward to working towards being able to call myself a cpt which is a goal I WILL achieve by summer. Thank you so much!
Awesome Mike!! great to hear that and looking forward to seeing you in Orlando. Max from the video will also be there so can meet him as well. I'm sure Mike will see this comment as well and reply back
you are welcome Mike
SMB and Mike thank you for sharing these great and informative videos. I consider you guys to be the best of the best. Class acts and i look forward to learning more and joining your team-
appreciate that Chris!
Thank you again and again. These videos are absolute gold 👌
thx Allan
Awesome video Mike. Thanks a lot. You guys have helped me become a better trader. When I was in this trade I had an intuition that you may do a video on it as it's so close to your Playbook trades. I traded this QCOM with options expiring on Friday (Same day's ) with an average price of 0.25C only to close at $1.77. QCOM had catalyst behind it with C initiated Buy coverage on QCOM which was one of the reasons I got in the trade. Learning from the best does help in active day trading and watching videos and the patterns and you guys teach are so relatable. Thank you for One Good Trade.
Nice trade on the options Hussain! another great way to play the movement in the stock
One Good Trade and then One Good Trade and then One Good Trade. someone should coin that phrase or write a book about it.
Mike Bellafiore I may have to print your comment and paste it in front of my desk.. Thank you so much !
Mike Bellafiore best is read OGT every 2 weeks. Someone I know wrote a book called One Good Trade and I haven't stopped recommending that book to people, perhaps you should read that too, lol !
Another great video as always. I have heard about the bull flag pattern before but just learned from you guys what it looks like. I have a question. Is reading the candle action on the chart as effective as reading the tape for a quick entry? I presume is inferior since the candles don’t show order sizes, please let me know your opinion.
Thank you so much for sharing your knowledge.
been holding QCOM since the low $80s. sold some through higher $95-96 on the 1yr Cup&Handle breakout!
nice Andrew!
very nice Andew!
Well done as always. Thank you.
Qcom should still be watched I find when stocks reach 90 dollars they have a up ward tendency of pushing to 100.
PS daily chart going up on volume breaking previous High.
1 min forming flag on tight small candle consolidation with volume drying up .
Now your getting me excited.check the tape and load up . Oh Yeah!
Seriously well explained by young trader.Good Trade.
Keep nailing those suckers!
Make em Pay!
Great video!
thx Razzy!
love the enthusiasm from you Razzy
Mike! Great video man any traders around the Memphis area I could connect with Nashville Little Rock aren’t that far either
Our futures guy Merritt is in Nashville if you want to reach out to him. His contact should be on the website
Mike and Max, thank you again for another great learning video. Looking to trade it tomorrow and see how I do with it. In the future, Mike, would it be possible to also see the tape where the breakout actually occurs? Learning order flow and tapereading and interested to see what the tape looks like on the breakout area..Thank you SMB Capital
Thx Jay! Yeah we like when our traders record their tape. I don't think we had it this time but will remind traders. Some trading platforms might have a rewind capability where you can go back and see the tape play out as if it were in real time
you can go back and watch that on TOS that has that functionality. hope that helps Jay
@@mbellafiore19 thank you Mike. Got it. Saw it
Excellent vid.
thx!
thank you
love this
Hi Mike and the team,
just recently TSLA released its quarterly earnings. Tesla has been such a hot stock the last weeks and I would love to see a video about a TSLA trade. Did one of your traders play the move in the after-hours?
Hey Pat, we are thinking about shooting a video today on it.
cool guys doing cool things. I wish I was part of the team.
thank you for sharing
you got it!
you are welcome
Good video... how did you find out ... do you use any scanner? Thanks again for the video
We have an in-house SMB radar / scanner that can help pick up stocks with higher RVOL which is what the traders were looking at in this case.
yes junior traders build custom filters to spot
Thanks for explaining why the bull flag works! Speaking of Charlotte, NC, any SMB traders in Savannah, GA? Lol.
Couldn't care less for the flag pattern set up when analyze in a vacuum but pay careful attention when Mike makes a reference that these are not merely intellectual exercises. There are reasons that help us build a contextual and structural thesis about the bullish behavior when making a trading decision..Really good stuff.
How much do bull flag or bear flag. Patterns matter from post/pre market patterns?
Hey Mike ,
I recently applied for your internship , is it a make or break deal if I’m not currently enrolled in college ?
I have a day trading account and I don’t have a resume other than construction work doing various trades .
I just started trading in January after watching a bunch of videos and getting lucky a couple times .
I recently started building my playbook and got into some huge trades today thanks to all the instruction your team provided , I religiously watch all your videos and I am just now starting to really find an edge .
I know a lot of people say this but I want this more than anything and I will legitimately pay to intern for your firm .
Anyway thanks for all the videos I appreciate it !
We prefer college traders to get them early but not always the rule - there are exceptions
If I have to I will enroll into like a coding academy or something so I can be more useful if I end up getting the internship , I feel like I can build my own automated trades based on statistic and quantifiable data that I have I just need to be able to write the Python script , I’m working on hiring someone to build them for me right now .
I have some bid ideas thanks to all your videos ,
The way I see the markets and interpret data is significantly better thanks to all of you at SMB .
Thanks so much , I really mean it this stuff is life changing .
Thesis + see it + fight for price = one good trade
Thanks
SP500 is in a bull flag now, pulling back to its monthly 200sma at 3066. 2022-2026 monthly bull flag. 2027 break to 5000 with measured move to 7500 in 2032.
Daily chart is too much noise. Need to look at 12 month candles, 3 month and 1 month. The last 150 years plus since 1872 has been bullish
Is every person joining your firm has to do foundation course?
SMB to the moon
🚀
I am located in Newport Beach, Ca. Do you know of any proprietary firm there???
Thank you
appreciate that
Not in the Charlotte area but in NC
close....
Mike Bellafiore I’m at the beach. Near Wilmington NC.easier lifestyle than Charlotte.
What about when a bull flag pattern is recognized… buying on the lows to accumulate?
Hi Mike, could an average Joe join SMB?
Check out our careers page Teron. smbcap.com/careers/
@@smbcapital Thank you
I am from the Caribbean Mike... Anything for Joe's in that neck of the woods?
smbcap.com/careers if you have a track record. if you are trying to build a track record check out the opportunity at tradingworkshop.com
Habibi Mike!
I would love to join with SMB traders if you have an office in Atlanta
We have some traders in Miami, probably the closest to ATL
SMB Capital actually Charlotte is closer. My main goal is to train and shadow these traders. So any facility offering this close to me will be wonderful. If I need to travel to MIAMI that’s fine as well. Do you have offices in Los Angeles
SMB Capital For as long as I have been trading I have yet to find as good and effective trading methodology SMB provides. Simply amazing honestly SMB has perfected the science of Trading in modern World.
yes that would be fun
i would have appreciated a clearer price graph.
try pulling up your own charting software and following along with the video. that may help!
Try bringing up on your charting platform Fred. Might help visualize it better. These patterns aren't always textbook so might be a little deviation in charts
noted. should I fire the Junior trader?
Poor Fred! getting bullied
Where can I find a soft cover copy of your book?
best place would be amazon: PlayBook amzn.to/3aQ5rv2 and OGT amzn.to/2UcEADL
www.amazon.com/One-Good-Trade-Competitive-Proprietary/dp/B00904ACVE/ref=sr_1_1?keywords=one+good+trade&qid=1580316047&sr=8-1
Thanx sir🙏📈
So steve jobs a day trader now?
Why is Bella against technical analysis, but yet this video is all about the break, hold and continuation from a technical consolidation pattern and level?
Cue emergency services siren at 17:42 😊
pull back
Anybody from the Toronto area reach out
ROKU soon again?
Bella may be a trading genius but his information density [when he's explaining] is unbelievably LOW. Get to the point, man!
Steve Jobs lookin ass