EURJPY
Thanks djms.
Thanks djms.
1
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Disliked{quote} no problem at all its a pleasure to share something with the community, please post some of your trades to help others if you have the time......Ignored
Disliked{quote} Djms, Thanks for the system mate... 1.You said, you don't trade high impact news, do you also stay on sidelines during the medium impact news items? 2. What would you suggest in terms of S/L for higher time frames like 15 Min, 1 HR etc...?Ignored
Disliked{quote} Great example for why to sit out high impact news: GJ at 09:30 GMT. I keep a tab of FF calendar permanently open. Stay frosty! {image}Ignored
Dislikedusing donchian instead of tma, sorry i keep switching things up guys but for me the donchian channels make life easier plotting your s/r. price often doesnt extend to the bands but will pull back into structure. trend still identified with the t3's but some more structure play coming in. few losses today but thats usual, this is no holy grail mwahaha but i still made points even though got some losses. higher time frames say down on this one so i;ll hang back taking more longs unless it breaks topside and pulls back in. {image}Ignored
DislikedCaution! Donchian Channel is often used for breakouts and not reversals. Unless you have a new twist to it.Ignored
Disliked{quote} you can use them for breakouts but your strike rate will be terrible because of low R:R you will get in down trend i look for pullbacks to upper channel visa versa on uptrend, i use the channels to draw my s/r as well see attached pic {image}Ignored
Disliked{quote} It's looking like a super channel indicator not Donchian Channel ! Please correct me if i am wrong. {image}Ignored