Channel trading system - page 6

super-newbie
95
super-newbie  
newage:
ok man got your pm

can put some light on support i mean how do you know there is a daily support there and at 0.7200

thanks in advance.

Hello newage,

i attached a chart pls take a look at it you will see what i am talking about according to daily we have arrived now at pivot support of aud-usd and this is all from technical levels i am not considering fundimentals here just techs second thing i am considering is weekly chart so take a look there too. Now an elliotician would look for some pattern but since i am personally not because i am still learning about ew's for now i will stick up with channels and look for higher time frame support and resistance rsi,awsome,stoch etc,etc conformation.

super-newbie

Files:
aud3_1.gif  39 kb
newage
6
newage  
super-newbie:
Hello newage,

i attached a chart pls take a look at it you will see what i am talking about according to daily we have arrived now at pivot support of aud-usd and this is all from technical levels i am not considering fundimentals here just techs second thing i am considering is weekly chart so take a look there too. Now an elliotician would look for some pattern but since i am personally not because i am still learning about ew's for now i will stick up with channels and look for higher time frame support and resistance rsi,awsome,stoch etc,etc conformation.

super-newbie

ok man thanks, i enjoy seeing different different view and my system is breakout levels i take breakouts from congestion i also take a look at channel trading looks interesting.

super-newbie
95
super-newbie  
newage:
ok man thanks, i enjoy seeing different different view and my system is breakout levels i take breakouts from congestion i also take a look at channel trading looks interesting.

Hi,

this is not exactly what newdigtal in the beginning posted but my idea is same i just also consider some higher time frame resistance and support, breakouts looks also very interesting my next interest is in fibonacci grid trading but that is after i apply and learn little ew first so i will go for channels,ew and grids will keep in mind breakouts too.

super-newbie

jesseboy
73
jesseboy  

in your experience NEW DIGITAL how effective/profitable are using 15 min. charts to find your entry using shi-channels?

thanks

Sergey Golubev
Moderator
122855
Sergey Golubev  
jesseboy:
in your experience NEW DIGITAL how effective/profitable are using 15 min. charts to find your entry using shi-channels? thanks

If you are talking about live trading so 15 min chart is very risky for me.

I prefer H4.

I traded this system using H4.

As to m15 so it may be good together with Ichimoku indicator and some other indicators. Because to use m15 we need too many indicators to confirm and it makes you busy all the day.

goover
105
goover  

Very interesting system, but how to set the channel? we don't have 3hr chart on mt4... may be we can have it on other time frame.

Oligarh
190
Oligarh  

Channel System

Most effective, most difficult from represented, but fully accessible to even beginners, and main - the disciplined trader strategy. Author in the book known to the Russian trader - " Small Encyclopaedia of Trader", said that traders are professionals trade on the scopes of channel with very hard feet. It allows them to win such award, that a few are fully possible loss in a contract. Novices trade into a channel, and a money is lost. So, trading currencies - EUR/USD, graph - 3 h (H3). To avoid any subjectivity we use a percent channel with 30% and 70% percent levels Fibonacci. The basic rules of accomplishing of transactions are clear from a picture (the area of the graph is chosen quite arbitrarily): Rules following: Opening of positions is produced at crossing 30% or 70% of the Fybonacci (marked by red points) line, obligatory after arrival of price in a channel, that after crossing by lines of channel (continuous red lines). Direction (Buy, Sell) - toward the opposite border of channel. Closing of positions is produced on the scopes of channel. (strictly! No "drawings" out of profit !) At once I anticipate questions - the graphic arts of firm are used ArtSoft , we will not bring a period over of middle and order of percent channel, think and analyse, pick up. 2 plumb lines are opened simultaneously, here auction tactic assumes 4 lossing in a contract for 100 points (what at the analysis of the graphs from 1971 year (then yet the German brand) to us did not meet), maximum - 3 lossing in a contract by a general size 215 points.

Files:
exempl1.gif  19 kb
Sergey Golubev
Moderator
122855
Sergey Golubev  

We may get H3 off line only. But it is ok. No problem. Just use some script once a hour. And this indicator (SilverChannel) looks like channel indicator from AlexSilver. But difficult to understand the first post. Seems it is online translation from Russian. I corrected some words but still did not understand everything very clear.

But I want to say that this system is very interesting.

Thruline
198
Thruline  

Is this based on a channel indicator that's available somewhere?

Oligarh
190
Oligarh  

to newdigital I send you this strategy in rusian in private. Translate corect pease.