The Tube - flexible channel trading

For a long time now i am working on something that i have noticed. I have failed a million times mastering it but now i think i have nailed it and if it s true i would like to share it here where i have learned so much and hopefully i will be able to give something back.
For the beginning i will try to call some trades live here and if there is success to it i will need some help from some of the masters of this forum in helping me and others turning it into a profitable system.
my system is based on 2 things. I have noticed that price travels into a tube (i will not call it channel because it s not) and it seems to me that that tube is like a rubber tube that is flexible and lets price poke it some times only for a little though and pushes price back into it...the direction of the tube is of importance (trend) as well as which side is poked in terms of the direction again...
I have created a screening window where i drag all pairs for analysing and testing, and when i have a go from it i move on to a second window in order to time the trade.
The system is still in infantry stage as i just created a general set of rules but back testing it i have really encouraging results.
That being said, i will start posting here at first the pairs of interest and the direction my system gives in order to check the accuracy of it.


19/02/2015
OK SO THIS IS WHAT I THOUGHT

FOR THE SCREENING WINDOW
SET UPS ARE
1 PB CHANEL WITH HALF LENGTH 50 (DEFAULT) SKY BLUE COLOUR
2 PB CHANEL WITH HALF LENGTH 200 ( 4HS)
3 PB CHANEL WITH HALF LENGTH 13 ( 15 MIN)

SCREENING PAIRS TO FIND 3 TOUCHING OR EVEN BETTER SURPASSING 2
THEN WE GO TO 15 MIN CHART LOOKING FOR SIGNALS TO THE OPPOSITE DIRECTION OF THE BAND i HAVE NOTICED THAT IN CASE OF STRONG TRENDS THE TUBE IS POINTED IN AN ANGLE OF 45 DEGREES UP OR 135 DEGREES DOWN. AT THAT POINT ANY RETRACE TO THE OPPOSITE BAND IS A VERY PROFITABLE DOUBLE DOWN FOR OUR TRADE

Soon i will get the time to explain more with charts and examples what i am trying to say here because i m not so good with words i figured...

First pair that went through is NZDUSD
My tube says that it s about to have a dive south and my main task now is to try and time the trade

Placed my first short at .7515 with sl .7555 and first target .7415

I like youtube too just kidding ... good luck

Second pair for the day is AUDNZD which gave me a signal for long so long at 1.0355 with initial target 1.0430 and sl at 1.0319

Thank you Bodypip green pips to you too

Next pair that passes the screening test is GBPNZD...that makes me think that NZD is going to be the weakest link soon so long at 2.0475 but i have to say that from the three this call is not 100% ready yet. still most of the conditions are there so let s see where it s heading. On a Real acc i would wait a bit longer for this. sl the low of the day at 2.0429 and initial target at 2.0590

We re still pretty much at the same levels...i wonder what the Sydney open and Tokyo will bring about

All 3 trades in the green now but not enough to change anything. Sl and tp orders stay put...

Ok An update here, GBPNZD trade was stopped out and for now we are in the other 2 trades. we could have exited with 30 or so pips on the gbpnzd and nzdusd but rules are rules so i stick to the plan

we have a nice bullish pinbar on the daily of AUDNZD which makes me think that if this trade holds we re looking for much more than my initial target so i will act accordingly when the time comes to close the trade.

this is what i am working on
Rabbitwolf what do you think?

and this is what i was expecting to happen

more food for thought...all today's charts

and the one with more pips that i missed before

i could be posting all day with these entries

any comments anyone?

i think you are using TMA,
they repaint,
backtest with it isn't reliable

first trade on the demo i started especially for this thread

No my friend it s not and welcome to my thread.
It s called pb chanel and i have downloaded it from here ff only thing is that it s ex4 and i dont have the code...i dont really remember who posted it. But the results are amazing and i am trying to figure out exactly how to trade it