Channel trading system - page 10
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Any further updates on the 5 min channel tarding? Also the Var moving avg on the 5 min channel trading ,does any one know what does small green dots are on the brown line? If any one has use this ,would you be kind enough to give an over view of this systems use. I know it is still being tested but just same very basic rules would be of great help, Thx
Are you asking about this indicators/template?
https://www.mql5.com/en/forum/173261/page6
It is Var Mov Avg indicator's signal for buy an sell.
But it is not easy to trade as this system is mixed with traditional/classical channel trading system (described in the beginning of this thread) with MaksiGen Trading system (light Paramon) from here https://www.mql5.com/en/forum/173317 and this one https://www.mql5.com/en/forum/172986
(Paramon is famous scalper - it is his username and Maksigen is his system which I improved).
It is example to trade inside the channel with EURJPY:
We can trade inside the channel if we can see this one:
Width of the channel is 71 pips so it is very good to get some profit from inside.
Breakout is going on right now. We did not have any buy signal from Var Mov Avg indicator.
Just compare this image with image from post #94:
Look at this: price tried to break the main channel and MaksiGen channel as well:
And price could not break ...
By the way we did not have any signal for buy so it is just a channel (support/resistance) situation only:
It was few examples of this system.
Some more breakout images.
EURUSD. Price is trying to break the channel finally (MaksiGen channel was broken already). Border of the channel was moved:
GBPUSD breakout:
USDJPY.
The price is trying to break the main channel and MaksiGen channel as well.
What this price is waiting for?
No power: borders of the channel are the resistance lines and to break those lines so the price need the power.
Which power? Who is moving the price?
Good question. I know many jokes stories about it ...
To say seriously iI think this price is waiting for some news. Forex news event.
It will be USD PPI core soon.
Forex-Tsd Calendar :: Calendars
When I was typing previous post so the main channel moved by borders. So, I understand it as the preparation for the breakout. But Maksigen channel (horizontal blue one) did not break yet.
So, USDJPY is ready to start.
15 minues before USD PPI core.