The new watch list video is out with continuing education and the next money making setups. Over the last 3 weeks. The markets have been is a very strong uptrend, and one of the best patterns to appear using the HPS methodology is the "Flag Formation" in these cases  a bullish flag. 

A flag is a continuation pattern where we see the stock or trading vehicle consolidate usually in a sideways to downward angle. This comes after previous move higher that has a steeper trajectory. The Flag give the stock time to rest and because the recent larger move up buyers are holding back on buying at those levels. 

The pullback usually take the shape of a channel with 2 defines channel lines. In a bullish flag we want to concentrate on the lower channel line where we have the best risk reward scenario playing out. Recognizing what a flag looks like is very important and I have focused on them over the last 3 weeks so below will be those examples. 

In the HPS Methodology the Flag is considered 1 indicator that has other indicators added to it. It is always important to have some other indicators lining up along with this recognizable pattern. Stochastics and Lower Trend Line support will add a lot to timing your entry.

You will see new flags on this week's HPS watch list. Flags won't always so up in the market together, but when they do they are one if not the best pattern to trade. Stick with a quality name.! 

Here is this week's HPS Video http://daytradingradio.com/10for1000

Have a Great Weekend and get ready to rock the Best Bets next week They are both Flags

DTRS

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DTRS