rules
start of the day
1) we look ichimoku ino at daily and 4 hour time frame if chinkou span ( white line) cross a closed bar start a new strong trend and if price is out a cloud. If the price is inside we dont trade that currency
2) we open var m5 template at 5M TF we look if width of the channel maksigen kahaji is more than 25 ( start to trade ) if is less 25 maksigen kahaji no trading the trading start at 8.15 gmt 2 (or Europe open)
3 ) we look were the SHI CHANNEL is going up or down
if up buy order from one border to the other one if shi channel is going down
sell order from one border to the other one
4) maksigen range move blue and red horizontal line are the target price
5) grey dotted line they seem support and resistance price (5m bars) start to test this grey dotted line if there is a brakout price continue to go up or down depend about the trend direction ( SHI CHANNEL )
6 Forex calendar usd and euro true on all currencies also jpy
7) if news are far we trade, if are near and we have an open position we close it or half ( its better dont trade during news )
8) if news are near we wait to open a position
i think its ok

Attached Images

	ichimoku 4h.gif (22.9 KB, 496 views)
	ichimoku daily.gif (35.1 KB, 490 views)
	channel.gif (25.0 KB, 495 views)

Those lines are last support/resistance lines. Or breakout lines in maksigen system (for possible sell stop and buy stop orders).
grey dotted lines are support/resistance tgether with those blu/read lines. In Maksigen system: blue/red lines are the levels to place buy stop and sell stop orders.

If all lines of PT indicator is came to almost one line close to each other, and price is near the border of the channel, and red/blue dotted breakoput lines are very close to the price so it will be good movement soon.

Yes.

1st image. White line crossed not this bar. Line crossed ... how to say ... next after nex bar ... second bar starting from your mentioned.

2nd image.
white line did not cross the bar, or cross on open bar.

3rd image:
i don't understand about sell orders ...
I am trading the borders of the channel. And grey dotted lines (support/resistance) just for orientation. I open the order on dot of var indicator (in most of the cases but not always).

Hi rod30,

The 1st image you shown is not a chikou span cross, the correct chikou span cross is the one on 3/6 time 20.00 as i put a vertical line on the image as shown below. And the daily chart the chikou span cross also not consider a cross, it just travel about half body of candlestick, turning back to down which is a fail cross.

Attached Images

chikou span cross.gif (55.2 KB, 483 views)

shi channel ive understand you put the cursor on the line wait 1 second
TL1 is the buy trend line if shy channel is up trend TL1 is the sell line if shi channel is in down trend
Stop 1 = stop loss
TL2 = is take profit

Attached Images

	shi channel down trend.gif (22.8 KB, 455 views)
	shi channel up trend.gif (26.0 KB, 447 views)

Channel Trading system for M5 timeframe.
Indicators and template is on this post.

Today's breakout.

EURUSD:

channelm5_2006_eurusd.jpg

GBPUSD:

channelm5_2006_gbpusd.jpg

GBPCHF:

channelm5_2006_gbpchf.jpg

USDCHF:

channelm5_2006_usdchf.jpg

And it is the trades:

channelm5_2006_1.jpg

Hello there,

Can anyone explain to me how does the 3 line break and ind fractal works?
I find it very efficient and would like to know the principal of it. Thanks.

Channel Trading system for M5 timeframe (look at the post #1 of this thread for indicators/template).

Today's trades:

EURUSD: +26 pips.
GBPUSD: +44 pips.
USDCHF: +44 pips.
EURJPY: -8 pips.
GBPJPY: -5 pips.

channelm5_2306.jpg

I call it
ready to go.
Why?
Look at the distance between support/resistance lines: 35 pips. And it is not nearest s/r lines. It is distant ones.

eurusd_2406_readytogo.jpg

usdchf_2406_readytogo.jpg

And it is the trades:

channelm5_trades_2406.jpg