The Keltner Channels

I was checking out something the other day with Keltner Channels when i stunbled on this finding.

Open EUR/USD 15 Min chart
install Keltner Channels set to 10
As soon as the price hits the upper or lower channels you buy/sell
This work well when the market is moving sideways.

http://www.auctionzealot.com/members...erchannels.jpg
Wondering if some could help develop this system futher.

p.s.

I have william percent R set in the same wimdow set to 8, 13, 21 and 55

Why ask for help? Looks like you're on to something so just work with it and report back if it looks consistent. Perhaps someone would also pick up on it and report also.

I've seen an article with similar results using linear regression channels, but most charting software programs don't carry the right one. It didn't use lines, but channels like what you're using. I believe the writer also used 10.

Good luck. I'd experiment with you, but have my own system.

As the saying goes;"two minds are greater then one." The reason I put it here is to get help from people with system make experience, where they can point out when the market is breaking out and when the move is over at the peak not 15 or so pips below.

So what system are you using? Care to share PM me.

I probably shouldn't have called it a system, but a hodge podge of different things. I use multi-Bollinger Bands, Pivots, Fibs, pay attention to Open plus OHL of former day along with CCI, a Sto, and what is known as Bline. Plus Price Action which comes first. I've just gone through first 200 pages of Technical Analysis Fallacy which has some good ideas for simply using PA which isn't my cup of tea by itself since what I have works for me. However, the author of that thread has some great philosophical thinking based on "Art of War'.

There is just a lot of normal things I pay attention to such Daily, Weekly, and monthly long term trends. Like all of us.

I trade off one tick chart, but have a larger tick chart open plus 5M, 15M, 60M which I monitor for minor trend changes.

No one, but no one "knows" for sure when the market is going to turn. Trading is a game of Probability. Period. Things you do can give you an edge for that Probability, but that's about it.

Good luck!

These I took today in my live account. some were missed because I was away from the computer. Most of them I came out too Early. Really need help with this system, any input will be great.


http://www.auctionzealot.com/members...over/91212.jpg

first off, would advise you to test higher timeframes, >=1hr
next try different stuff, for example add PSAR and see when price changes direction according to both these indicator, then backtest it, then forward test it (with a tradign simulator) and see what results you get, then demo-trade it for a couple of months, then implement it in a live account

good luck, you've got a lot of work ahead of you