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I can not now. I am not trading H1 or H4 system now so it will take may be 1 hour for me to remember it.
May be tomorrow.
But it was described on first 3 pages ... may be your confused in my words "will be reversed" ... but it is just support/resistance trading with other indicators' confirmation and I just described it in my words.
But it is really very old system. It is just the trading inside the channel (trading the trend) or/and trading on breakout. I was trading inside the channel (because it is much more easy and no need big deposit size even for H4 timeframe).
I used H4 timeframe.
Last edited by newdigital; 07-01-2008 at 08:37 PM.
(a) Can the SHI Channel Indicator be used for longer term trading decisions, e.g. is it useful on D1, W1, and MN timeframes?
(b) Is there a 'rule of thumb' for deciding on the values for the Input settings - 'AllBars' and 'BarsForFract' - for the various different timeframes .... M15, M30, H1, H4, etc.?
As to D1 and so on ...
this channel is just support/resistance lines so I am using Maksigen indicator (for support/resistance lines), Ichimoku indicator to trade, this thread Forex Trading With Simple Setup , this one Nonlagging Tools , AbsoluteStrength (this one and this one), level trading indicators (few threads are on the forum but it is the same case - suopport/resistance in MTF way and angle), Ichimoku few threads (this one and this thread and more), and of course - digital filters templates.
But I am using it for D1/W1 just to analyze the market. For technical analysis. I am using Ichimoku only for D1/W1 for trading ...
So, it is very personal.
I've never traded this channel for D1/W1 sorry.
Wow, newdigital! Your knowledge of the threads in this Forum, of FX trading and indicators, and your contributions that help novice and experienced Traders alike, are awesome. Thank you.
And thank you for such a fast and helpful post. Regards, Richard.
Can you lay down the rules for me again in a simple explanation, please.
Thank you !!
Linear Mode
