My Most Favourite Flags (worth unlimited $$$)

Hi Friends,
You wont believe that such simple flag pattern can worth a million dollar, but trust me it is.
Its so simple and so powerful that it can beat most of the powerful techniques, but i recommend it to use it with combination of 3 things - Support, Resistance n Trend Lines.

Just watch this graph of Nifty one minute carefully.


So here we go with our first fantastic flag.....
Flags are most common pattern and can be easily spot in falling as well as rising trend.
Generally Flags are of "N" shape in Rising Trend and inverted N in falling trend.
The first flag in above nifty graph of March 31st is of inverted N flag.
So how I trade flag, see 3030 was a resistance and trend reversed from there. First red candle of the day was the first indication that nifty is slipping in red after touching 3030. Count the candle there are six red candles. Then we have minor pull back of two green candle which retraced around 40-50% of downfall of six candles. Now to make a valid flag the next candles must surpass the previous bottom and on completion our first flag completes. In graph I havent marked the first bearish flag but please not when there is downfall flags look almost like this and you need to quickly enter on the height of that flag.

So if you miss first flag there is always second chance. See the Red circled portion which is the perfect entry point to enter a trade, see how flag formation completed at the red lines which i have marked. Now same thing goes with Bullish flags you have to enter at the white circled bottoms of the flags and trail your stoploss.

Things to note.
I have resized my one minute RT window so that i can perfectly spot the flags. If I see this in a maximized window its hard to spot flags clearly.
Note most of the bottoms are higher than the previous bottoms so you can join the bottoms to form a trend line. In our bullish flags we have a a false breakout of flag and trendline pattern. So how to deal with this. First you have to know what are the support and resistance, or second
which is easier thing wait for the last two flags to break first.

So thatz how I trade Flags, it has given 50 points in Nifty today. :)
Isn't it amazing.

Hope you enjoyed reading it.
Bbye n Happy Trading.