Channel surfing! | Page 11 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Surfing the Channel 57 replies

Forex Surfing 11 replies

Fibonacci Surfing 0 replies

Trading/Surfing 15 replies

Attachments: Channel surfing!
Exit Attachments

Channel surfing!

  • #201
  • Oct 17, 2012 11:30am Oct 17, 2012 11:30am
I realy like this method, it is easy to find good places to take trades, without too much thinking. The thread could otherwise be more alive.
  • #202
  • Oct 17, 2012 4:15pm Oct 17, 2012 4:15pm
EURUSD, USDCHF and CHFJPY on the radar....and NZDUSD, I really can't see how it is bullish but channels say it is.

On a side note, I have really gotten myself into a pickle over the last 2 weeks due to bad decisions. Ate my Wheaties and am ready to fire back.
Everything easy was hard at first
  • #203
  • Oct 18, 2012 8:45pm Oct 18, 2012 8:45pm
Excellent threads don't need to last 500 pages.
  • #204
  • Oct 22, 2012 2:17pm Oct 22, 2012 2:17pm
Hey fellow surfers! Sorry for the extended time off. I took the fam to disneyland over the last week. The markets can wait sometimes. Even though I did hear it from the wife a few times as I checked some positions while standing in the 2 hour lines. Anyway, I am back now and ready to continue surfing!

EURJPY - Looking for long at 103.75, SL 103, TP 105.50
AUDNZD - Entering short NOW. 1.2618, SL 1.2675, TP 1.2550
NZDJPY - Entering LONG NOW. 65.20, SL 64.50, TP 65.90

Im using a more sensitive setting on the zigzag. 10 with 0 pct. I like to see all true trend shifts.
  • #205
  • Oct 22, 2012 6:58pm Oct 22, 2012 6:58pm
Attached is a rules document for the Channel Surfing Strategy. I hope this helps. Let me know if you have questions. Sometimes ideas dont come out as clear as I would like.

And also, dont forget to vote in the poll! Hopefully someones getting something out of this thread. Im enjoying it!
Attached File(s)
File Type: doc FX Channel Surf.doc   36 KB | 1,265 downloads
  • #206
  • Oct 22, 2012 7:19pm Oct 22, 2012 7:19pm
Quoting tmoney5474
Hey fellow surfers! Sorry for the extended time off. I took the fam to disneyland over the last week. The markets can wait sometimes. Even though I did hear it from the wife a few times as I checked some positions while standing in the 2 hour lines. Anyway, I am back now and ready to continue surfing!

EURJPY - Looking for long at 103.75, SL 103, TP 105.50
AUDNZD - Entering short NOW. 1.2618, SL 1.2675, TP 1.2550
NZDJPY - Entering LONG NOW. 65.20, SL 64.50, TP 65.90

Im using a more sensitive setting on the zigzag. 10 with 0 pct. I like...

Glad to have you back, Tmoney! My son was also at D-land this past weekend with his cross country team.

I'm not sure I'm understanding these entries you're looking at as on the 4H charts the E/J appears to be at the top of its 4H channel and the NZ/JPY is at the top of its daily and 4h channels. What am I missing?
  • #207
  • Oct 22, 2012 8:24pm Oct 22, 2012 8:24pm
Quoting Imagine FX
Glad to have you back, Tmoney! My son was also at D-land this past weekend with his cross country team.

I'm not sure I'm understanding these entries you're looking at as on the 4H charts the E/J appears to be at the top of its 4H channel and the NZ/JPY is at the top of its daily and 4h channels. What am I missing?
Most of the time I am using teh original 4H channel method BUT, to help simplify the 4H trend we are now using the ZIGZAG instead of the 4H channel.

If you see, both are trading in a daily up trend and "Shifted" below the daily channel mid point. They "Shifted" trends about 20-24 hours ago with a close above the last pivot high. The EURJPY isnt as clean as the NZDJPY but it fits. AUDNZD fits the trade setup amost perfect. I like to use entry #2 or 3 because these areas form supply and demand a lot of times.

Hope the pics help.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdjpy trend shift.gif Size: 19 KB
Click to Enlarge Name: eurjpy trend shift.gif Size: 15 KB
  • #208
  • Oct 22, 2012 8:25pm Oct 22, 2012 8:25pm
AUDNZD trend shift.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd trend shift.gif Size: 17 KB
  • #209
  • Oct 22, 2012 8:52pm Oct 22, 2012 8:52pm
http://s18.postimage.org/ncctmogah/channel1.png

Is this right Tmoney? I don't know if you would have taken No.1 but is No.2 what you are referring to as your entry?

juicyt

Awesome big picture i posted there.....
"Even if you fall down face first, you still went forward."
  • #210
  • Oct 23, 2012 6:00am Oct 23, 2012 6:00am
Quoting juicyt
http://s18.postimage.org/ncctmogah/channel1.png

Is this right Tmoney? I don't know if you would have taken No.1 but is No.2 what you are referring to as your entry?

juicyt

Awesome big picture i posted there.....
Exactly! #1 would be best but #2 is good also. The best is the first "trend shift" back into the larger daily trend. Good job.
  • #211
  • Oct 23, 2012 8:21am Oct 23, 2012 8:21am
Do we care about supply and demand when we now use 123 breaks ? Thanks
  • #212
  • Oct 23, 2012 3:47pm Oct 23, 2012 3:47pm
Quoting Saintsurfer
Do we care about supply and demand when we now use 123 breaks ? Thanks
Well, you should, ... it only helps your chances to success, you don't need to take every trade possible.

Besides, although, tmoney prefers to enter right at the breakout you may wait for pull back. Though you may need to put up shorter time frame then, because not all pullbacks are visible on 4h charts.

You can check juicyt's picture from previos page, I would consider pullback after 1st BO a good place to go long.

Personally if I entered at breakout I would try to grab only relatively little pips, close my position and wait for pull back to enter once more.
  • #213
  • Oct 23, 2012 5:54pm Oct 23, 2012 5:54pm
Quoting tmoney5474
Attached is a rules document for the Channel Surfing Strategy. I hope this helps. Let me know if you have questions. Sometimes ideas dont come out as clear as I would like.

And also, dont forget to vote in the poll! Hopefully someones getting something out of this thread. Im enjoying it!
I've been following for a while and am curious ... in the first post you write:

"Ok, so a quick background. I've traded for 13 years. EVERYTHING. Stokcks, futures, options and forex. I focus on options and forex now. In the 13 years I think I've tried, tested and traded almost every strategy, auto system in the market. In fact, I managed a large fund that was made up of 100% automated system based in tradestation created by my partner and I. I've also co owned a Introducing Brokerage and have personally met some of the best most powerful traders in the world. On top of that, I am VERY involved in one of the worlds largets trading and investing schools. Long story short, I've seen it all... I've been around the block."

Well with that kind of pedigree, can you please explain why votes on FF are so important to you?

And could you please PM me the name of the worlds largest trading and investing school you are involved with.

Regards,
  • #214
  • Oct 23, 2012 8:12pm Oct 23, 2012 8:12pm
Quoting 4Xfactor
I've been following for a while and am curious ... in the first post you write:

[b][i]"Ok, so a quick background. I've traded for 13 years. EVERYTHING. Stokcks, futures, options and forex. I focus on options and forex now. In the 13 years I think I've tried, tested and traded almost every strategy, auto system in the market. In fact, I managed a large fund that was made up of 100% automated system based in tradestation created by my partner and I. I've also co owned a Introducing Brokerage and have personally met some of the best most powerful...
It's really not all that important... Its just an ego thing you know. I hate to say it but I still have one unfortunately. But, really it doesnt really matter. Trust me. I hob nob with some of the best traders in the world DAILY. I've made and LOST more in a day then most will make in their entire trading career. You dont need to believe me, but its true. Just do a search on trading schools or live trading schools or mentoring or in person trading school and you can probabaly draw the conclusion who Im involved with. Im involved VERY intimately.
  • #215
  • Edited 9:29pm Oct 23, 2012 8:17pm | Edited 9:29pm
Quoting ARTjoMS
Well, you should, ... it only helps your chances to success, you don't need to take every trade possible.

Besides, although, tmoney prefers to enter right at the breakout you may wait for pull back. Though you may need to put up shorter time frame then, because not all pullbacks are visible on 4h charts.

You can check juicyt's picture from previos page, I would consider pullback after 1st BO a good place to go long.

Personally if I entered at breakout I would try to grab only relatively little pips, close my position and wait for pull back...
Your right ART! And the breakout is only 1 of the 3 entries I use. I prefer entry #2. The confirmation of the "trend shift" forms solid supply and demand levels a lot of the time (not always), thus, it increases the chance of success on each trade. So waiting for a move back into the "Trend shift" area increases the chances of success especially if the "trend shift" forms a supply or demand level. hope that helps.

Thanks
  • #216
  • Oct 23, 2012 8:22pm Oct 23, 2012 8:22pm
Quoting tmoney5474
Your right ART! And the breakout is only 1 of the 3 entrys I use. I prefer entry #2. The confirmation of the "trend shift" forms solid supply and demand levels a lot of the time (not always), thus, it increases the chance of success on each trade. So waiting for a move back into the "Trend shift" area increases the chances of success especially if the "trend shift" forms a supply or demand level. hope that helps.

Thanks
For example, EURUSD, in a daily downtrend, trading above daily channel mid line (in downtrend) and just confirmed a 4H zigzag downtrend. Now waiting on a pull back to 1.3010 to trigger a short with a stop of 1.3085 and profit of 1.2905. take a look at the pic. hope this helps.
Attached Image (click to enlarge)
Click to Enlarge Name: new eurusd.gif Size: 17 KB
  • #217
  • Oct 23, 2012 8:36pm Oct 23, 2012 8:36pm
Example of NZDJPY at demand with daily uptrend and 4H zigzag uptrend. Perfect trade. Long at 64.75, SL 64.50, TP 65.30.
Attached Image
  • #218
  • Oct 24, 2012 4:40am Oct 24, 2012 4:40am
Quoting tmoney5474
It's really not all that important... Its just an ego thing you know. I hate to say it but I still have one unfortunately. But, really it doesnt really matter. Trust me. I hob nob with some of the best traders in the world DAILY. I've made and LOST more in a day then most will make in their entire trading career. You dont need to believe me, but its true. Just do a search on trading schools or live trading schools or mentoring or in person trading school and you can probabaly draw the conclusion who Im involved with. Im involved VERY intimately....
Ego: wherever ego, I go

Ok, thanks. That clears that up.

I might vote for you now
  • #219
  • Oct 24, 2012 5:57am Oct 24, 2012 5:57am
To trade setups in the making.
Attached Images
  • #220
  • Oct 26, 2012 1:08am Oct 26, 2012 1:08am
OK TMoney you're hitting on all cylinders now. I've watched you bank hundreds of pips in the past few weeks from a couple of variants on the Channel Surfing method. Frankly many of those trades were not looking solid from my current set of indicators and yet they went ahead and hit your targets again and again (and yes, I sat on the sidelines for waaay to many of them just watching).

I'm looking at the EUR/US trade and wondering first how are you setting targets and 2nd how are you predicting future price movements? Are you using fibs to project with? Again on the EUR/US it appeared to hit a roughly 50% retrace and that's where you entered the trade. But you seemed to know that was where it would go. Is it as simple as a 50% retrace once you see a 1-2-3 pattern developing?
0 traders viewing now