4x Made Hard 1.0

Hi JR97,

Thanks for your reply, I really like this method I have been demoing it the past week. It really enables you to minimise drawdown and get your stop loss to break even very quickly. I did manage to find an updating SDC, but have been using an updating LRC applied to median price which I have had the best results with.
I'm just wondering how you set your profit target? Do you target the mean of the two channels or do you take profit when price reaches the first channels regression line?

Thanks very much JR97, any information would be greatly appreciated

Cheers

Jeff

I picked up a new computer and in trying to get mt4 up and going on it I had to search far and wide for all of my back up disks and in doing so found a bunch of my templates and what not for the basics of this system.

Most of my trading is still doing the Gann and cycle stuff. However, that is pretty involved analysis and I wanted to get something going on some of the pairs I don't watch regularly because there are some serious moves going on in CHF pairs. The beauty of this system is that it's pretty easy to trade 1 or 2 setups and know if there's a trade within about 5 seconds.

GBP/CHF

The monthly and weekly are pretty much in a balanced down trend. When price is trending evenly with the mean, the idea is to trade in that direction.

One of the signs that a change in direction is when the daily channels turn against the monthly and weekly.

With the daily channel now pointing up, I want to look for price coming up off of the bottom of the channel on a major reversal or coming up off of the mean in a continuation/pullback. I then use the intraday frames for timing.

I've highlighted where the most recent low had touched the -2 channel and the -1 bollinger and is rising up in an channel. So my play is to find a move intraday on the smaller frames where price pulls back to the bottom of an up channel and go long.

Using the 30 and 15 time frames the 30 -1 is around 1.2726 and the 15 -2 is around 1.2740. So that's the area where I'll be looking to go long. I'll also be looking to catch a break of 1.2840.

The 30 and 15 are also hugging the mean, so I just need price to either pull back to give me an entry or breakout major to the upside.

AUDCHF

Daily channel is up and price is rising up from the bottom of the channel. That is a pocket aces setup. The 30 and 15 min charts showing the same for intraday timing on the entry. Soon as the market opens, I'll probably be going long.

The red and green stair stepping lines are previous confirmed swing highs/lows. I'll be looking to buy break of the red line.

Images

Hmm... images are showing for some reason. I'll have to host them somewhere else for now, I guess.

https://lh6.googleusercontent.com/-x...5252014.37.gif


https://lh5.googleusercontent.com/-y...5252014.37.gif

GBPJPY

Guppy hasn't committed on the daily or 1h, but is on the verge of turning. Price is that bottom of a rising channel. I'm already long based on other analysis, but I'll be adding on looking to hold out if/when the daily channel turns upwards.

https://lh5.googleusercontent.com/-D...5252014.47.gif


https://lh6.googleusercontent.com/--...5252014.47.gif

GBPCHF entry. The green price line on the 15 min. close above the ema to trigger.

https://lh4.googleusercontent.com/-B...5252016.34.gif

AUDCHF 15 min. price line closed above ema to trigger long entry.

stopped out across the board. all channels on all frames pointing down. Waiting for price to come back up to the top of the daily to starting looking for shorting opportunities. Could take a week to happen.

AUDCHF
1st chart shows what I was looking for at the Asian open.
Weekly at the +2 deviation top of a down channel and +1 bollinger. Daily at the +1 deviation top and +2 bollinger. Looking short.

2nd chart shows the 1h entry.

GBPCHF

1st shows what I was looking for at the Asian open.
2nd chart shows 1hr entry.

AUDCHF Price has dropped close to the bottom of the channel of the daily which is the target. Looking to exit.

GBPCHF Price is it at the mean of the daily in an up channel. Still coming off of the top of a down channel on the weekly. Holding, but cautiously.

Hi JR 97
Seven years after joining FF here you were.
Your documented journey is mind boggling. I have dabbled in the same places but certainty not with your comprehension, not even with monoatomic gold
What’s your thoughts on the pros n cons of these old basics ?

Inspired by you bringing it up again, I fired up my SD channel indicator and did this:

http://content.screencast.com/users/...0Jan.%2025.gif

I got lucky on the entry. I'm normally not up that late on a school night but was just getting back from playing hockey. Woke up to rainbows and pips of gold. Posted an image at the other journal with the price time cycle forecast version.

Hi JR, I took the other side ( I like it hard ) grew this in my own garden and though I was alone but you were at it years before me.

Nice. I was tempted to short there, but chose to use a PUT option instead since it gave a higher payout on lower risk and didn't need much movement.

Too bad none of the image links from before work anymore. The version I had built in Excel was pretty robust and was more about the numbers than the charts. Even though it looked like a lot of info, I would know if there was a setup just by glancing at a few columns and what colors were going on.

Wow. It's been 15 yrs since I started this thread. And probably close to 20 since I started using the method. It's still going strong. A few minor changes here and there.

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