Quote:
Originally Posted by rod30
about forxcalendar news currency filter for example
eurjpy its better to put true also on USD
and about USDCHF its better to put true also on EUR ??
the paramon settings maksigen kahaji are 8.15-17.30 gmt +2 alpari broker
sure this system works seems to have a tutor which says to you when to trade and when to exit but all the system is based on supports and resistances the problem is always news effect
how to intepreter this ?
12:30:00 PM USD Trade Balance impact High
actual -60.9B
forecast -59.5B
previous -56.5B
|
Yes, for USDCHF it is the better to have CHF = true, EUR = true and USD = true.
As I remember Paramon traded inside and outside the channel (static horizontal one) and not every day (it depends on the width of the channel) and he understood as trading inside the channel as "easy small profit" and trading outside the channel is "breakout and difficult big profit".
Yes, news is affected especially for M5 timeframe.
As I remember Paramon traded M15.
By the way, Maksigen (Paramon) indicators (2 Maksigen indicators) is optional in this system.
I am not trading H4 timeframe now but as I remember:
- Trade on the direction of the channel inside the channel from one border of the channel to the other one with stop loss which is outside the channel.
- where to enter? There is indicator which is painting the bars (on the first pages of this thread). It was described everything concerning this indicator and how many times the price should be touched the border line and so on. Same with any support/resistance trading.
I used this H4 channel system after some losses: when I lost some part of deposit so I will come back to H4 channel system to recover my deposit to the initial size. It is very easy to lose some money but it is very difficult to recover the deposit: I spent the weeks and months ... and you will not trade often using this H4 channel system ... sometimes many weeks with no any single trade ... and whole day and night near computer ... But I am always using H4 channel system if I want to restore/recover my deposit after some losses: minimum indicators on the chart, forex news, support/resistance, trend lines and price action.