S/R to get channels - Page 4
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Thread: S/R to get channels

  1. #31
    Yes I understand still hoping to simplify

    I like channels better
    then BBands or DMI for bands borders


    By the way I have back tested this daily charts
    should you utilize madch to see trend change you play it safe
    its like 90 percent wins!!!!!
    (I use weekly 5/6WMA for trend
    then I tried it without the weekly 5/6 it until was over 90% wins )

  2. #32
    1 Attachment(s) new trades from last week





    day chart
    black arrow is now day fad beginning point

    the hint is an easy crossing of the 5/6wma (bull candle as well!!)
    Notice the sars the macd are in play too to buy long
    very powerful signal!

    Proceed to 4 hour

  3. #33



    1st. Arrow is the black arrow and can be from day chart -
    its a buy long sign - up- as we watched the afternoon chart
    so we're just planning to go long


    now here about the 4 hour chart
    again the sign is an easy 5/6 wma cross
    2nd, 4th, 6th arrows are blue arrow and are buy sign (again with bull candles)
    3rd 5th arrows are red arrows and are stay out of market sign- or sell signs

    today we move to 30 minute chart

  4. #34


    that the 1st arrow is blue it is from the four buy chart to buy long signals
    the previous arrow is red it is from the 4 hour chart to sell or remain out of the market

    that the 2-5 arrow are purple and are buy signal - long
    1st purple arrow - is the cross of 5/6 - good signal
    2nd sars and macd give buy (5/6 has already crossed) - improved signal
    3rd purple arrow - is both 5/6 cross sar that the macd give a buy signal - best signal


    exit
    1. Exit with a cross of the 18/28wma cross -down
    2. Move back to the 4 hour wait for a sell on it ( I really did with this instance )
    3. Look for a reversal of trend on the macdh -
    this sign isn't so strong about the 30 min chart and I would not use itI would keep your eye on it
    this sign is very powerful on the four hour but probably to slow
    I want to luse this sign on the 1 hour

    rmoney at the bank

  5. #35
    Only a note

    I've found if you wait until monday night to see that the 3-4 hour fad
    and proceed with it is a lot easier to win with this system
    actually most of my losses have been on friday afternoon or monday earlier, 5 or 6 pm. Tues Wed Thur I've not in a drop yet ( other then times I shut down trades prior to news events - and all were quite little )

    made 55 pip last night on 2 trades with the eur/usa

  6. #36

  7. #37

  8. #38

  9. #39
    the X near both Transactions

    I am done for the day


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