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Channeling

  • #1
  • First Post: Apr 1, 2010 5:02pm Apr 1, 2010 5:02pm
Hello to all!! Im starting a new thread to discuss channels... i have been trading forex for around 4 or 5 years and i wasn´t profitable until i realized that simple is the best!! The objective of this thread is to view different ideas about the future possible moves of the currencies... it is not a system with specific entries, SL or TP... you can find ideas in the "systems" place and create yours... here we will be showing our views for general direction of the market.
This views will be created with the help of channels in different timeframes... i specially use close price to draw them because for me they are more reliable for our objective of general direction...

Here we go!!!
  • #2
  • Apr 1, 2010 5:21pm Apr 1, 2010 5:21pm
Tell me what do you think!!
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  • #3
  • Apr 1, 2010 5:38pm Apr 1, 2010 5:38pm
GBP USD... breakout?? or going down again??
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  • #4
  • Apr 1, 2010 5:49pm Apr 1, 2010 5:49pm
My two cents: I think it will retrace first before continuing upward.

Channels are great. Thanks for starting this thread, Juancho.
Amor Fati--F. Nietzsche
  • #5
  • Apr 1, 2010 6:02pm Apr 1, 2010 6:02pm
Quoting doji
My two cents: I think it will retrace first before continuing upward.

Channels are great. Thanks for starting this thread, Juancho.

Thanks doji!

Agree with you.. so, let´s see if could break 15 min channel...
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  • #6
  • Apr 1, 2010 6:08pm Apr 1, 2010 6:08pm
Another clues for future movements in aud...
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  • #7
  • Apr 1, 2010 7:02pm Apr 1, 2010 7:02pm
EU Daily & EU 1H
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  • #8
  • Apr 1, 2010 7:03pm Apr 1, 2010 7:03pm
Breakout!! but....
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  • #9
  • Apr 1, 2010 7:03pm Apr 1, 2010 7:03pm
GU Daily & GU 1H
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  • #10
  • Apr 1, 2010 7:11pm Apr 1, 2010 7:11pm
UJ Daily & UJ 1H
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  • #11
  • Apr 1, 2010 7:21pm Apr 1, 2010 7:21pm
Quoting Pips_Cruiser
EU Daily & EU 1H
Great job... there will be some differences in our charts due to you are using high low and i am matching close prices... i think these differences will not be important... the idea here is to grasp a general look for the direction of the market, look for possible breakouts and retraces, to see where is the big money going!! it works for me... and i´m sure will work for all or you!!

We dont need to look at 3000 indicators before trading with the trend... just look for channels...
  • #12
  • Apr 1, 2010 7:22pm Apr 1, 2010 7:22pm
EJ Daily & EJ 1H
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  • #13
  • Apr 1, 2010 7:24pm Apr 1, 2010 7:24pm
Quoting Juancho
Great job... there will be some differences in our charts due to you are using high low and i am matching close prices... i think these differences will not be important... the idea here is to grasp a general look for the direction of the market, look for possible breakouts and retraces, to see where is the big money going!! it works for me... and i´m sure will work for all or you!!

We dont need to look at 3000 indicators before trading with the trend... just look for channels...
  • #14
  • Apr 1, 2010 7:34pm Apr 1, 2010 7:34pm
Quoting Pips_Cruiser
UJ Daily & UJ 1H
This is what i think... lets see how the 1 hr bar close and candlestick pattern... if doesnt close inside the pink channel whith a bullish candlestick we could see a move to the green line. If close inside the pink channel its probable for a move to the blue one..

I will not be trading until next week due to holidays and NFP
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  • #15
  • Apr 1, 2010 8:04pm Apr 1, 2010 8:04pm
Quoting Juancho
This is what i think... lets see how the 1 hr bar close and candlestick pattern... if doesnt close inside the pink channel whith a bullish candlestick we could see a move to the green line. If close inside the pink channel its probable for a move to the blue one..
That does make an interesting view. It fits well on my 4H chart.

Quote
I will not be trading until next week due to holidays and NFP

Not a bad idea . . .
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  • #16
  • Apr 2, 2010 8:34am Apr 2, 2010 8:34am
Lets see if this channel is a good support...
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  • #17
  • Edited 9:05am Apr 2, 2010 8:40am | Edited 9:05am
New channel in 15 min... until price break to the upside of the channel we will see new downside movements... 4 hs channel is holding!!
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  • #18
  • Apr 2, 2010 9:08am Apr 2, 2010 9:08am
If euro break down 1 hour red channel, target green channel!!
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  • #19
  • Apr 2, 2010 9:11am Apr 2, 2010 9:11am
best day for channeling eh
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  • #20
  • Apr 2, 2010 7:44pm Apr 2, 2010 7:44pm
UJ Weekly and UJ Daily (w/ channels)
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