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- Tensor replied Oct 12, 2020
Traded the channel cross on a couple of GBP pairs today. The setups are rather similar but position sizing was carefully considered in trading correlated pairs. image image
- Tensor replied Oct 8, 2020
In your M1 chart, I would just add that area you marked the slowing down in momentum is possibly due to the fact that the AUD and JPY markets were closing around that time. Major moves and breakouts are generally less likely to happen when the ...
- Tensor replied Oct 8, 2020
From my personal experience, major channel crosses tend to happen during the market session of the currency pairs. When countries of both the base and quote currencies are asleep (ex. EURUSD during the Asia session), I noticed price tends to ...
- Tensor replied Oct 6, 2020
It's a quiet day today on this thread. The markets were a little rough today - 2 red trades for me on the channel cross. -11 on USDCAD short image -16 on EURUSD long. image
- Tensor replied Oct 5, 2020
I don't see any basis to go short. According to the guidelines of the roadmap, all factors are pointing to a long (CompRSI > 60, higher highs, EMA8 above SMA in almost all timeframes). Although bias is long, I personally would stay out given how far ...
- Tensor replied Oct 5, 2020
In hindsight, all those dips below the EMA55 channel after your entry would have been excellent opportunities for a long. If you had not seen this chart until after 8:00, would you still have entered? Or would you have waited until the breakout ...
- Tensor replied Oct 5, 2020
I noticed that your entries lately are generally selling under the channel lows and buying above the channel highs. I've been doing the same lately and noticed that I almost always have to go through a drawdown due to a solid retracement before ...
- Tensor replied Oct 1, 2020
Hi Laura - In your latest journal post on continuation trades, some of the entries appear to be pretty far from the SMA. I'm wondering how you would know when the market proves you wrong? I'd assume you'd find yourself in a hefty drawdown if you ...
- Tensor replied Sep 29, 2020
Thanks all for the input! Laura, it's interesting those are all cross pairs and I'm wondering if there a reason you chose to monitor those instead of the majors? I was always under the impression that the major pairs give us the primary view into ...
- Tensor replied Sep 29, 2020
In the last 5 years or so, I have to admit that it was never my preference to open trades based on timeframes greater than 15min. I can count more times I woke up at 3am to trade the London session, than I have ever opened a trade based on the 1hr+ ...
- Tensor replied Sep 29, 2020
These few days, I noticed that by the time the NY session starts, many of the moves for major forex pairs have already been played out (meaning channels have already deviated far away from the SMA). I've been sitting on the sidelines these few days ...
- Tensor replied Sep 24, 2020
Thanks for sharing. I'm not a huge fan of USDCAD either since I noticed it's a relatively more erratic pair that likes to chop around a lot. I don't see many people posting about it on this thread and I'm coming to terms that it may be less suited ...
- Tensor replied Sep 24, 2020
It was a choppy day in currencies today so it was a down day for me with 2 losing trades. Does anybody have tips on how I could have stayed out of these trades, or was it inevitable? GBPUSD (-25 pips) - Channel broke under the SMA and I went short. ...
- Tensor replied Sep 23, 2020
Here are my two trades today during the morning NY session using the channel cross strategy. USDJPY - Long - Entered long when the channel crossed above the SMA, and exited at the ADR High. image EURUSD - Short - Took some heat due to the news but ...
- Tensor replied Sep 22, 2020
Thanks for the tips Laura. After years of roaming FF, I decided to finally start posting my trades here to give myself more accountability and force myself to strictly follow the rules of the strategy. Sometimes I find myself deviating from the ...
- Tensor replied Sep 22, 2020
Here are a few profitable trades today to offset the loss this morning. EURUSD (+33 pips) - This is a channel failure trade where I entered when the upward trendline was broken. There was quite a drawdown but channel never crossed back above the SMA ...
- Tensor replied Sep 22, 2020
I wanted to share this losing trade since it seemed like a decent setup. Entered upon the entire channel crossing the SMA200 and exited when I was proven wrong (channel crosses back over). I'm going to attribute this to a matter of bad luck but feel ...
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