{quote} Thanks SFThere is a lot of good information here, just a bit scattered throughout the thread I think. Ezzy
It helped a lot. This is one of the ideas I am trying to focus on / learn. Using only upper or lower channel tops / bottoms to draw trend lines and trade them as resistance levels for price to bounce. {image}
Waiting to see what happens here {image} and here {image} perhaps good places to continue the long run.
I will explain what happened and why. Since I believe this buy will not work if price touch the bands. Maybe it already touch it, but I couldn't get same settings on cTrader as you have on MT4.Another one on GBCAD 240 Check the power of the move, when both lines coincide. This would be "new era, silent triangle breakout" trading {image}
Well done. I found it years ago but hard thing is to get those two trendlines that will touch on the same time on same price.
Waiting to see what happens here {image} and here {image} perhaps good places to continue the long run.
, however the trend line was respected, price paused at that level, broke it, it came back to it, became resistance and bounced down from it. Took a small trade for small profit (all trail and error for me at the moment.
Hi Here is another potential dual tren dline touch.....well, one to keep an eye on anyway
{quote} {image} So...I didn't take the bounce trade on gbpjpy, because I was asleep
And Yes, it respects the line, however as I already said, it was moving down because the move up will be soo sharp that it is impossible. So I would recommend buying the GBP/JPY on the trendline. Should be easy profit.{quote} Trade closed my friend. I realised my TP was wrong so I changed it before going out and it's over already... SF {image}
{quote} You also have great GBP/JPY chance to buy, since lower band was penetrated by the other and price will come back to it sooner or later.
{quote} Fun fact is you can enter the reverse trade immediately if price bounces of the nearest support zone, find evidence below {image} Edit: SilentFather please what tick chart size do you usually use I have the OVO offline charting software to create ticks on MT4. Cheers
I know there were more oportunities. My tick charts can be seen on my pictures. But I believe I use 10,15,80,50,100,250,750,1000. I can switch them fast so it does not matter, but I would go with 80t if you want. 
