5M Channel Scalping - 100pips \ week - page 2
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Hey KKK555, lovely name by the way
Anyway that was not a pullback. Merely a minor (very minor!) bullish movement. Identifying pullbacks is an essential skill here, but don't worry - with enough practice and experience you will identify them with much better probability.
Trading plan for next week - Channel Scalping System
2 Potential setups are attached, and I have written the full trading plan here:
Michael's Forex Trading: Trading Plan for Next Week
Good luck everyone, lets harvest some pips!!!
Updates
3% Gain so far from the setups I posted...
Michael's Forex Trading: Trades from Today: +3% Already!
I have added a video guide to the system, to illustrate how I trade it:
Michael's Forex Trading: 15M Channel Trading: How-To video
Im sorry ,but I havent seen where you put your stop-loss. I understand ratio has to be at least 2-1, so if TP is 50 pips, then SL will be 25?
Thank you for sharing
This is very good system. 2-4 entry per week on USD/JPY. RR=3:1