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You can see PT indicator for all the pairs: the price is moved in choppy way/ And there is no any signal.
Personally I do not like big risk in trading sorry.
Because what is PT indicator?
Just imagine that blue lie is the price, yellow lie is trend line and red line is stop or correctional line.
Same as with 3 MA indicators: price is crossing trend line for open the order and price is prossing correctionbal line for exit.
The only differences that we are not openning any order based on PT indicator.
In our case - it is informational indicator. because it is MTF indicator: the lines are drawing on M5 chart based on H1 timeframe. It means - re-drawing (continuing drawing). It means that we can use it for information only.
Ok. Look at the image above: uptrend was started today at night when I was sleeping, it was few false dots for uptrend early morning ... for now - uprend is finishing.
It will be the correction, it uptrend will continuing.
It is too late for me. And it was too risky anyway even I did not sleep at night - I did not open this order anyway.
- price blue line is very near of trend yellow line if PT indicator;
- we see the dot of Kaufnam AMA indicator now or later;
- 2 dotted pending orders lines of MaksiGen indicator is very near from each other.
- price blue line is very near of trend yellow line if PT indicator;
- we see the dot of Kaufnam AMA indicator now or later;
- 2 dotted pending orders lines of MaksiGen indicator is very near from each other.
But it happened may be once in a week ...
thank you very much for clear explanation.
I'll check again the charts .
yesterday , i have three position by the sysytem .all of them stopped.
as i am new in the system , it would be better review my trade after and before them.
1-EUR/USD: I have a bullish channel . but PT didn't show a good starting for long .buy .and the kaufman ama signal was bear and no red nor pink dot .
2-GBP/CHF: every thing eas OK . but PT was in O.S area. and could not go more down.
3- EUR/JPY: bullish channel, positive RSI , being on support area of maksigen channel .only PT had adown head.
as a resualt ,
1- attention to PT is the first step .
as shi-channel repaint itself , not use it only in lower TF . consider upper TF . D1 H4
============
at the end , how can i put the image between text . for instence put gbp.gif below the gbp explain
yesterday , i have three position by the sysytem .all of them stopped.
as i am new in the system , it would be better review my trade after and before them.
1-EUR/USD: I have a bullish channel . but PT didn't show a good starting for long .buy .and the kaufman ama signal was bear and no red nor pink dot .
2-GBP/CHF: every thing eas OK . but PT was in O.S area. and could not go more down.
3- EUR/JPY: bullish channel, positive RSI , being on support area of maksigen channel .only PT had adown head.
as a resualt ,
1- attention to PT is the first step .
as shi-channel repaint itself , not use it only in lower TF . consider upper TF . D1 H4
============
at the end , how can i put the image between text . for instence put gbp.gif below the gbp explain
Hi macd&rsi,
I used this channel M5 system for the long time. And I am using it sometimes.
My personal problem: I can not look at the charts all day and night - I am moderating th forum. So, all the system I selected - without looking on the charts all day and night.
I used this system with Ichimoku for public signals in our calendar. It was more than 1 year ago. Than, when we did not have vendors with RAS - I started to use it manually with RAS.
Personally I used 2 systems: BrainTrading on Alpari and this M5 channel.
It is fully omfortable for me because when I opened the Metatraders in the morning so I already know - will I trade today, or I will close Metatraders for today and will not trade today.
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It is system on M5 timeframe only.
PT indicator is MTF case. Re-painting (continuing painting).
So, I am using this indicator just to understand about "were we are" and what happened with th price when I slept".
In this case I am not trading every breakout case.
There are some weeks withlout any single trade and it is normal case for this system.
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For example, I am trading GBPUSD or some other pair.
And to trade it - I am always looking for EURUSD and USDCHF. And in this combination of EURUSD/USDCHF I understand USDCHF as the leading pair.
It is the small explanation about how to use PT indicator in the morning befoire any trade is open:
Linear Mode
