Hi Renkotop. What I can gather it seams to be like a fractal adjustment or rather like a longer setting on a Zig Zag. Try play with it. Use a vale of 100 on an M1 chart and you'll understand.

Derek et al Easy Trading System

As long as it takes, wait to buy off the channel bottom. An arrow will help. Unless of course the world changes. Thank goodness we know how to deal with that.

Derek et al Easy Trading System

So today I did not have a great trading time. It was ok. but there was a lot of yield which I couldn't take advantage of because I was otherwise engaged. Strangely enough I did get both those swings in by just following the system. And right now you ...

Derek et al Easy Trading System

Sorry man if I was short on that one. I'm visual. I cannot see time like that.

Derek et al Easy Trading System

No. I don't like Renko

Derek et al Easy Trading System

You should create your own market and sell CFDs called USDRDM

Forex is random

A note on Gold: url And my broker, FXCM, has halted it's trade! image

Derek et al Easy Trading System

Hi chojnak. Pleasure to share. You are correct, but it is not necessarily a problem. Watch how it behaves and you will be able to use it. Re-paint can have it's upsides too.

Derek et al Easy Trading System

So now we can go back to where we were at the beginning of this thread and using the M5 chart for GER30, we can look for Long trades only. image

Derek et al Easy Trading System

Trading the market at this time will be difficult for most, but I think it has become evident that the key is to follow the trend no matter what and that if you have a position which is on the wrong side of a trend change, just close it and take the ...

Derek et al Easy Trading System

From my post 69. It is interesting to note that AUDUSD was the canary in the gold mine and the Long trade is progressing well. I have added a SL = BE. image

Derek et al Easy Trading System

It stands to reason then that USDCHF should turn it's trend too and go Short. I have opened a short position, but it may be prudent to hang on a bit and wait for the FXMax indi. image

Derek et al Easy Trading System

In sync with this of course the USDollar Index turned to a Short on the FXMax. I went short accordingly. image

Derek et al Easy Trading System

Overnight the EURUSD FXMax changed to Long and I bought a position. This is an H4 chart and I only swing trade this currency on the FXMax indi. You can of course use a lower TF if you think EURUSD is going up and get a keener entry. image

Derek et al Easy Trading System

This is an H1 chart. I'm going to let this run a bit. I have three Long positions all covered by SL = BE. All the trends are nicely up but for the Weekly and Daily on the ichi indi. I am in South Africa, which on Thursday will be in a lock-down ...

Derek et al Easy Trading System

Hi Renkotop. Thanks. The indi is, "forex sweepmod".

Derek et al Easy Trading System

One could take profit at this point, (channel top), but I'm going to hope at least the best position of mine stays open and I'll go for a longer run. Look at the H4 channel top perhaps. Both positions are covered by SL = BE.

Derek et al Easy Trading System

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Derek et al Easy Trading System

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Derek et al Easy Trading System

My two positions in Post 65: One was covered by SL=BE and so it close with a negligible profit. The other a manually closed and took a loss as the trend changed from down to up.

Derek et al Easy Trading System