Surfing the Channel
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Thread: Surfing the Channel

  1. #1
    Very straightforward egy of using upward and downward trending stations to make small to enormous profits based upon the time frame you use.
    If you go for the trend you're able to minimize your loss and optimize your profit by setting a tight stop loss just above service or Resistance.
    I'm posting this because I like trading and analyzing charts with others who are interested in making a lot of money also and its good to get second opinions
    So in the event that you discover any setups post them here and lets get to trading!!

    I've made over 2000 pips on transactions on the daily chart or as little as 15 pips on a 5 minute chart(both can be very profitable based on lot sizes of course.

    Here is my initial short-term example now made over 60 pips in two hours carrying little transactions along
    Its like a pinball machine and 80 percent of the time that it does bounce.

    I'm not afraid to bring in different indiors like I often do of course, but sometimes its good just to start with the basics and include what you want based on the chart conditions.

    I like this method of trading like I HATE loosing as I'm sure everyone does so in the event that you time it right you can enter transactions just risking a a couple of pips with loads of space to profit.

    Btw if you believe this is too simple it likely is

  2. #2
    Quote Originally Posted by ;
    Gold anyone. ? picture
    Gold is looking great and is reacting strongly to encourage and resistance. You could trade it several different ways. .
    The longer term down trend would be optimal but its a few weeks out whether it heads back up to resistance at 1,200
    What are your ideas?
    Could take a long position if it breaks 1.150

  3. #3
    I'm certain I've an EA that draws patterns on the graphs. Used it. Will post if I can find it and scratch around.

  4. #4
    Quote Originally Posted by ;
    I'm sure I have an EA that draws patterns on the graphs. Used it. Will post if I could find it and scratch around.
    I enjoy surf the station... EURUSD and GBPUSD (5M and 1M)...

  5. #5
    Anyone interested in a Trading Triangle Method manual? It was composed for futures but works the same on Forex.

  6. #6
    Quote Originally Posted by ;
    quote Nice charts mate.
    Thanks Crazy,

    It's a work in progress

  7. #7
    EA
    If we bounce off current resistance and get a retest of support and the yellow TL within the channel, could be well worth watching PA for a bounce.
    A rest of the upper channel going to retest the white TL (which would aid my AU shorts)


  8. #8
    Additionally with GU,
    When we go down to weekly assistance at 23 fib and channel/TL retest, it is well worth watching to get a bounce.
    A break north of this station could retest the Weekly TL's in the 50 fib resistance.



  9. #9

  10. #10

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