Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
So, you need to wait for the close of the bar that is out of channel after the cross. If that is like this, I do not see that short on TF15 minutes as you did not know what that bar was going to do (11:00cet).
THX.
SF
That would be the conservative approach. The 4th bar would have been the entry for a short trade which was around 1.2816 which was at 12:45 on North Finance platform (is that CET?). Now holding at +7pips.
On post 22, http://www.forex-tsd.com/attachments...g?d=1156563055, upper left hand, 1st text box, with the 1st red HAMA, the price bar only breached the lower band - signaled for possible short trade. In the 2nd text box, 2nd HAMA red bar, the full price bar was way below the lower band, where the short trade was supposed to have been traded.
pipsnaper has commented earlier that the arrow was not pointing clearly on the HAMA but it does on the HAMA bar. My apology any confusion this may have created.
fxcruiser
Note: It's a RED DAY today - 2:00pm EST - USD FOMC Meeting Minutes Please trade with caution.
Hi!
Fxcruiser, I appreciate your work. Don't get me wrong with my questions, but I wanna have things very clear.
Can you post a screenshot of your TF15 trade and another one of your system on TF30.
On tf30, the 12:00 opened below channel after the break out at 1,2807.
Then it went up.
That would be the conservative approach. The 4th bar would have been the entry for a short trade which was around 1.2816 which was at 12:45 on North Finance platform (is that CET?). Now holding at +7pips.
Fxcruiser, I appreciate your work. Don't get me wrong with my questions, but I wanna have things very clear.
Can you post a screenshot of your TF15 trade and another one of your system on TF30.
On tf30, the 12:00 opened below channel after the break out at 1,2807.
Then it went up.
SF
SF, which broker are you using? It is possible that we may have different data feed. Anyhow, here are the two charts (image#10 - M15 and image#11 - M30) you requested. I hope this helps.
SF, which broker are you using? It is possible that we may have different data feed. Anyhow, here are the two charts (image#10 - M15 and image#11 - M30) you requested. I hope this helps.
fxcruiser
Hi!
The broker I use is Alpari.
Thank you for the screenshots. Look at mine. All I'm trying to say is that when you have the cross and the a new bar opens out of the channel, you have a signal. On TF30 (your screenshot), you have 2 bars opening below channel. These were signals to short. The problem is that they went against the signal, that's why you do not see any full price bar breakout at the lower band of the channel.
fxcruiser,
'a full break out' means that a bar has to open and close outside of the band. We enter once that particular bar closes. Am I correct?
OR do you mean when a bar OPENS outside the band we immediately enter without waiting for it to close.
I agree with radicalmoses that ema's are lagging, but I found the 14ema and the 34 ema helpful to determine the strenght of the trend. If price keep closing above the ema 14; it is a strong up trend and visa versa for down trend.
The other observation that I made today is when the 20ema channel stays between the 14 and 34 ema's, with 14 ema on top and 34 ema below the channel, it shows a strong up trend.
Linear Mode
