For a long time now i am working on something that i have noticed. I have failed a million times mastering it but now i think i have nailed it and if it s true i would like to share it here where i have learned so much and hopefully i will be able to give something back.
For the beginning i will try to call some trades live here and if there is success to it i will need some help from some of the masters of this forum in helping me and others turning it into a profitable system.
my system is based on 2 things. I have noticed that price travels into a tube (i will not call it channel because it s not) and it seems to me that that tube is like a rubber tube that is flexible and lets price poke it some times only for a little though and pushes price back into it...the direction of the tube is of importance (trend) as well as which side is poked in terms of the direction again...
I have created a screening window where i drag all pairs for analysing and testing, and when i have a go from it i move on to a second window in order to time the trade.
The system is still in infantry stage as i just created a general set of rules but back testing it i have really encouraging results.
That being said, i will start posting here at first the pairs of interest and the direction my system gives in order to check 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
2 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 LOOKING 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 get the time to explain more with charts and examples what i am trying to say here because i m not so good with words i figured...
For the beginning i will try to call some trades live here and if there is success to it i will need some help from some of the masters of this forum in helping me and others turning it into a profitable system.
my system is based on 2 things. I have noticed that price travels into a tube (i will not call it channel because it s not) and it seems to me that that tube is like a rubber tube that is flexible and lets price poke it some times only for a little though and pushes price back into it...the direction of the tube is of importance (trend) as well as which side is poked in terms of the direction again...
I have created a screening window where i drag all pairs for analysing and testing, and when i have a go from it i move on to a second window in order to time the trade.
The system is still in infantry stage as i just created a general set of rules but back testing it i have really encouraging results.
That being said, i will start posting here at first the pairs of interest and the direction my system gives in order to check 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
2 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 LOOKING 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 get the time to explain more with charts and examples what i am trying to say here because i m not so good with words i figured...