S/R to get channels
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Thread: S/R to get channels

  1. #1
    boy people are so afraid to talk here they might give a way something?

    I'm trying a new system I am trying to make it rather simple
    any feed back--


    3 period charts
    day, 3 hour 30 mins

    use trend lines on each to get

    on the day use easy 5 WMA (green) 6WMA (red) for trend
    green upward -red downsimple

    around the three hour perform the same

    daily the three hour has to be going the exact same way- down or up

    then proceed to the 30 min

    put on a WMA channel - light blue 18 WMA dark Blue 28 WMA - (light upward -dim down)
    they then cross in precisely the exact same way as the 5/6WMA on the day 3 hour you are in!

    You get out they then cross
    or cross over a S/R channel lineup
    day chart

    1. lines are S/R channel lines
    2. Arrow is 5/6WMA up so we are just going up
    ( likely good to have a bull candle up- Bear candle for downward?!)

    )

  2. #2

  3. #3
    you find the trend on the afternoon the 3-4 hour

    proceed the 30 mins

    18 WMA light blue 28WMS dark blue

    light up dark down


  4. #4
    Add to the if the 18/28 have been in market or buy for quite a while

    it's possible to get in when the sars provide a buy signal

  5. #5


    in Which the arrow is, is a good time to get in

  6. #6
    For the above chart in Post #5 in which you've got the arrow, shouldn't one wait until the candle completes or would you go in as soon as the SAR indior appears?

  7. #7
    Good question

    I do it as soon as the arrow stems
    because - I am with the tendency 3 on occasions frames

    I am looking for a reason to get in
    that the sars comes up I move in

  8. #8
    Hi

    Can you draw the trend lines ?
    Have you put the arrows in the charts manually or are they showing by employing any indior as the entrance trigger takes place.

  9. #9
    What is your profit target and stop loss?

    Looks ok, it should have more winners than loser, and the rest is up to money management

    Have a nice trading day

  10. #10
    And you require daily station? Wouldnt be enough to utilize 4H, 1H and 15 or 30 minutes

    I guess it is dependent upon your profit taking, but if you want to take modest amounts of pips than daily isn't needed, this isnt backed up by backtesting it is just me thinking out loud.

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