For a long time now I am working on some thing that I have noticed. I have failed a thousand times mastering it now I think I have pinpointed it and if it s true where I have heard so 34, I would like to talk about it here and hopefully I will have the ability to give back something.
For the start I will attempt to call some trades live here and if there's success for this I will need some help from some of the masters of this forum in assisting me and others turning into a profitable system.
My system is based on two things. I have discovered that price travels into a tube (I am not going to call it channel because it not) and it seems to me that that tube is like a rubber tube that's flexible and lets price poke it some times just for a little though and pushes price back into it. . .the direction of the tube is of importance (trend) and which side is poked in terms of the direction again...
that I have created a screening window at which I drag all pairs for assessing and testing, and if I take a move from it I move on to a second window in order to time the transaction.
The system is still in infantry stage like I just created a general set of principles but back testing it I have really encouraging results.
That being said, I will begin posting here at first the pairs of curiosity and the direction that my system gives in order to inspect the accuracy of it.
19/02/2015
OK SO THIS IS WHAT I THOUGHT
FOR THE SCREENING WINDOW
SET UPS ARE
1 PB CHANEL WITH HALF LENGTH 50 (DEFAULT) SKY BLUE COLOUR
Two PB CHANEL WITH HALF LENGTH 200 ( 4HS)
3 PB CHANEL WITH HALF LENGTH 13 ( 15 MIN)
SCREENING PAIRS TO FIND 3 TOUCHING OR EVEN BETTER SURPASSING 2
THEN WE GO TO 15 MIN CHART Searching FOR SIGNALS TO THE OPPOSITE DIRECTION OF THE BAND I HAVE NOTICED THAT IN CASE OF STRONG TRENDS THE TUBE IS POINTED IN AN ANGLE OF 45 DEGREES UP OR 135 DEGREES DOWN. AT THAT POINT ANY RETRACE TO THE OPPOSITE BAND IS A VERY PROFITABLE DOUBLE DOWN FOR OUR TRADE
Soon I will find the time to explain more with charts and illuions exactly what I am trying to convey here because I m not good with words I guessed...