Hello:
It doesn't work to just enter reversal trades when price touches lines, and price could continue to go up and as such so would the trendline. If price gets near to or over one of the trendlines, this only means that it is time to start looking for a trade. This is when the other indicators come into play. Check out the timing indicatort and enter when it changes colors or if price crosses a counter trendline you would have drawn since price was so close to the lines.
Don't worry about the other timing indicator settings, just use the default of 7. But look for continuations with this indicator in conjunction with where price is around the channel lines and divergence as well.
You will figure it out, but 200 pips is nice and if you wanted to do that you could have, but you have to remember, that 200 pips is easy to to see after it happened, but harder to know when to enter and exit in real time. Thats what these indicators are helping with. When to enter and exit.
It doesn't work to just enter reversal trades when price touches lines, and price could continue to go up and as such so would the trendline. If price gets near to or over one of the trendlines, this only means that it is time to start looking for a trade. This is when the other indicators come into play. Check out the timing indicatort and enter when it changes colors or if price crosses a counter trendline you would have drawn since price was so close to the lines.
Don't worry about the other timing indicator settings, just use the default of 7. But look for continuations with this indicator in conjunction with where price is around the channel lines and divergence as well.
You will figure it out, but 200 pips is nice and if you wanted to do that you could have, but you have to remember, that 200 pips is easy to to see after it happened, but harder to know when to enter and exit in real time. Thats what these indicators are helping with. When to enter and exit.
Dislikedhi dust
nice thread
as per your rules , we should sell when price touches red line and buy when price touches green line
and the timing indicator you posted should change colors right after that.
The default setting for timing indicator was len 7 ,0 .
what are the modified settings you are talking about?
Abt drawing a trendline and using crosshair, Tell me more about it
Another thing is that Sometimes when price touches either of the extreme line , it just consolidates around those lines instead of going in exactly pre determined position ??...Ignored
"Keep your eyes on the helpers" - Mr. Rogers