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Old 04-27-2008, 05:42 PM
RickW00716 RickW00716 is offline
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I am interested in using the 5m version of this system to get me in near the bottom of a move...I use the Kenison counting method on the 1hr chart to predict a time window for a reversal and I use camarilla lines for a possible price support area.

I have been pretty accurate in this method so far but I would like to get my entries closer to the bottom(or top) to improve risk/reward ratio.
I currently enter when price advances above the time reversal bar when it is near he price sup/res area.
Since I am intraday trading I like to target 30 to 40 pips per trade.
I usually place the stop under the low of reversal bar but most of the time the risk is more than the profit target.

Are there any specific rules for the 5m version on channel system that get me in nearer the bottom/top?

Thanks in advance for your help.
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