Quote:
Originally Posted by tammy
here is a pic of my chart at end of week. I use Interbank. My shaded areas are very different than yours are especially where you would have avoided that short trade. Can you tell me what your settings are? Interbank is also GMT time
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Ok, now it makes sense. It looks like your spread is wider than mine. that would change the channel a bit. Another problem with the GJ is ( because of wide spreads ) brokers will play with the price more. The tops and bottoms will different brokers can be as much as 5 pips difference.
As you watch these indicators, try to always keep the 60 sma ( 15m ) in the corner of you eye. It will keep you out of a ton of bad trades. Also, I usually keep 2 charts open, a 5m and a 15m both with exactly these same indicators. Because if you look at my settings ( page 1 of this thread ) you will notice that some have been broken down to 5 min intervals. So the 5M chart can be more accurate sometimes...
Just play with it, you might a different setting or time frame that works even better. I use to have a 10M open all the time, but I can never the the "custom time interval" script to work right with these indicators... sigh...
Did that help..?