And just for fun..
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Disliked{quote} I think I've mentioned this several times already but, as soon as the top channel (in your example) shows that it is no longer a spike down i.e. when it creates a new low below the black line I've drawn, the setup is no longer valid and you need to exit. {image} The touch/cross over setup has to look like below. As soon as the second of the spikes is taken out, get out. These setups are very high probability but, like all setups there will be failures. {image}Ignored
Disliked{quote} Yes... Does not matter much. The signals are almost the same. I was comparing it only a bit for a short amount of time and it wasnt much different.Ignored
Disliked{quote} Oh yes it is not so much different. But... Wouldnt you recommend to use tick charts and prefer to ctrader? Because no tick charts on mt4 so could you tell the settings of price bands on ctrader?(the indi in post 1) Thx for your sharing the very cool edge! and thx for buddies here! HoneyIgnored
DislikedI have a prediction that the upper channel on the 1m chart will reach 1.16314 quite soon, probably today even though it's a bank holiday. It is difficult to exactly predict the price high from a channel level but this should fit quite well with ficibald's identification of the 30m channel touch. I've found something over the weekend, directly associated to channel touches/overlaps that so far seems to be 100%, though I'm sure I'll find one that fails sometime. The challenge will be how to make use of it profitably since it identifies channel levels...Ignored
Dislikedok here we go, please read it carefully and look for yourself on charts of all tf's before firing off questions. If you are averse to horizontal lines just move on, this idea is not for you. The pattern to look for is a spike on one channel being crossed by the opposite channel (the bar has to close before a cross is confirmed). Once crossed the supposition is that the crossing channel will return to the point of cross. First example is of the lower channel crossing a previous spike on the upper channel. I have removed price to make it clear what...Ignored
Disliked{quote} Hello hepsibah, nice find. I never saw this one. So we have another way of trading here, congratulation! To be honest I was watching this for a while and maybe if we do this.. SF {image}Ignored
Disliked{quote} Yes, these horizontal touches are the best in terms of quick wins, the trick is being able to recognise them before they have already retraced too far to leave any profit on the table, as Patje pointed out earlier. But we are building a nice arsenal of trading patterns hereIgnored
DislikedIf price comes back to the place the channels cross and it stabilize around this area and pa is good ll hh stuff, you have a good chance that price goes back to the spike wich causes the retrace too the channel cross... {image}Ignored