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Quote:
http://www.forex-tsd.com/169225-post77.html It is Var Mov Avg indicator's signal for buy an sell. But it is not easy to trade as this system is mixed with traditional/classical channel trading system (described in the beginning of this thread) with MaksiGen Trading system (light Paramon) from here MaksiGen Trading system and this one Ichimoku (Paramon is famous scalper - it is his username and Maksigen is his system which I improved). var_channel.jpg |
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If we look at this image so we can see that it was breakout yesterday in the morning the channel changed the direction. People who traded GBPJPY yesterday can get good profit. var_channel_breakout.jpg It is M5 timeframe but from the images we can understand: this system is not trading often. It is better to trade many pairs on demo forist just to be more comfortable with channel trading, support/resistance, breakout and so on. As to the rules so look at MaksiGen trading system and in the beginning of this thread: the rules are very similar. And I want to remind: much more easy to trade inside the channel. And it is difficult to trade on breakout of the channel. We are having many breakout systems (manual trading systems) and the members may think that it is very easy. Not at all. It is much more difficult than to trade the trend in inside the channel. Last edited by newdigital; 02-26-2008 at 04:13 PM. |
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It is example to trade inside the channel with EURJPY:
trading inside1.jpg We can trade inside the channel if we can see this one: trading inside2.jpg Width of the channel is 71 pips so it is very good to get some profit from inside. |
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Breakout is going on right now. We did not have any buy signal from Var Mov Avg indicator.
Just compare this image with image from post #94: breakoutrightnow.jpg |
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Look at this: price tried to break the main channel and MaksiGen channel as well:
interestingbreak.jpg |
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And price could not break ...
By the way we did not have any signal for buy so it is just a channel (support/resistance) situation only: couldnot.jpg |
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Some more breakout images.
EURUSD. Price is trying to break the channel finally (MaksiGen channel was broken already). Border of the channel was moved: breakout1.jpg GBPUSD breakout: breakout2.jpg |
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