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After that I do the same with the pair I am trading.
H4/D1 Ichmoku chart.
You can use standard Ichimoku indicator with default settings. Just change the color of green line to be white line in indicator's input.
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After that I will write everything on the paper.
And after that I will use M5 channel system only:
I will have my analysis on H4/D1 on the paper, and I will have Metatrader with M5 chats only with indicator (indicators an templates - see the link on the first post of this thread).
So, I will not trade today.
I am doing it every morning when wake up.
In every market day.
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If you are not comfortable with Ichimoku indicator so you can use 6 SMA indicators (there is thread on the forum) or digital filters (good choice as well), or some EMA crossing and so on. MACD for example, or 3 or 4 Stochastic indicators with different settings in the same way as I am using it in asctrend system ...
It is strongly recommended to privide this kind of analysis every morning especially if we are using this M5 Channel system with 6 indicators attached on the chart, and 3 of them only are not re-painted: MaksiGen Channel, Kaufman AMA signal and RSI filter.
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