1. I watch daily chart
2. I have a Keltner channel with the value set to 80 (changed 20th Nov 2008 - before 20),
when the price breaks out, I make the trade in that direction
3. I have SL wide as Keltners channel
4. I watch the candle patterns, divergence, fibs, pivot for the detailed entrance
5. After the trade is set up I change The Keltners channel to 10 and finish the trade when the closing breaks the channel on the oposite side. Starting from 20 Nov 2008 - I protect my gains by trailing - or pivot, TL, Fibo, ema levels .
I re enter after retraces.
6. The system can be continous - for the exit it is not needed to change the value of Keltners channel - so while going out one can open opposite trade.
The system has been introduced in Murphy's "Technical Analysys"
I trade on mikro acc. accordingly to the Money management chart published on oneeuro (ff member) www
I sometimes trade other pairs according to the same money management chart.
SL is also taken from there.
2. I have a Keltner channel with the value set to 80 (changed 20th Nov 2008 - before 20),
when the price breaks out, I make the trade in that direction
3. I have SL wide as Keltners channel
4. I watch the candle patterns, divergence, fibs, pivot for the detailed entrance
5. After the trade is set up I change The Keltners channel to 10 and finish the trade when the closing breaks the channel on the oposite side. Starting from 20 Nov 2008 - I protect my gains by trailing - or pivot, TL, Fibo, ema levels .
I re enter after retraces.
6. The system can be continous - for the exit it is not needed to change the value of Keltners channel - so while going out one can open opposite trade.
The system has been introduced in Murphy's "Technical Analysys"
I trade on mikro acc. accordingly to the Money management chart published on oneeuro (ff member) www
I sometimes trade other pairs according to the same money management chart.
SL is also taken from there.
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