Daily channel trading with high R:R - Page 2
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Thread: Daily channel trading with high R:R

  1. #11
    Here is a picture worth 1000 words.

    Where do you think the price is headed?

    If you flip it into the left bit and make the upper part of the down channel flat than you may see that the price is making hh and hl. Bu the final high wasn't able to earn a hh.

  2. #12
    This is tough,

    The principle is that when the price closes above the median pitchfork there's 80percent possibility that it is going to go to top of channel.

    But if I see a wonderful pinbar down (like a red one) the price will go all of the way to low channel. Because I see large rejection from the past 2 bars.

    What you guys think?

  3. #13
    Here is 4 hour version of cad/chf

    appears like price is headed up.

    If you go long here, Sl reaches bottom of channel about 33 pips. . TP middle of channel about 99 pips, TP top of channel about 220 pips.

    So if you take 4 trades such as this and you are correct one time you are profitable, what do you believe?

  4. #14
    Below are more charts.

    I took all these transactions last night very close to one another.

  5. #15
    If anybody else can post charts such as this pls do this.

    You can post any time frame but keep in mind which way the daily is led.

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