Disliked{quote}[/b] I do but I always look around at what others are doing to see if Roadmap can be modified. Today was a good day on the SP500. I came across this guy a while ago. Bit like TT - he takes the few pips on offer and goes. https://www.youtube.com/watch?v=8x59VRJHbkAIgnored
I have looked at the ema high low channel before, a long time ago, mind you.
I am always looking for any enhancements or tweaks as we all do.
Ema channels can be very effective if you use them in conjunction with a longer period MA and take trades only in the direction shown by this MA.
or even a MACD which I do use & like. If not for the divergence signals it offers at reversals & continuations.
Of course any method has to be tested, which longer period MA, so that you do not have too much lag and still retain the effectiveness of the ema high - low channel.
I suppose if you tie it in with Market Structure Breaks that would remove the "Lag" and be right at edge of price.
Funnily enough, I have come across an indicator of the ema channel for MT4 (surprise, surprise you might say), that paints the candle in different colours depending if they close, above, below or inside the channel and ifso, from above or from below.
Setting the indicator to show only candle closes above & below channel does show some promise of a method.
It never gets easier, you just get better
3
), business as usual imho.
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