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The Tube - flexible channel trading

  • #21
  • Feb 18, 2015 4:18pm Feb 18, 2015 4:18pm
This is the thread i got it from

http://www.forexfactory.com/showthread.php?t=463142
  • #22
  • Feb 18, 2015 4:33pm Feb 18, 2015 4:33pm
Quoting stormtrader
this is what i am working on Rabbitwolf what do you think? {image}
Confluence of few bands will give you reversal. Break out will give you new trend on higher time frame. When smaller deviation band go inside and turn, you get possible reversals. This is same method that Scalpeur is using. http://www.forexfactory.com/showthread.php?t=447470

Only he is using Bollinger Bands (Stark Bands sometimes) It is same idea.

Maybe worth looking at his thread also to see how he is using MACD for fine tuning entries.

About your Bands i can not tell much, i did tested a little those Bands (TMA) - http://www.forexfactory.com/showthre...95#post4177995

and i did not like them. For me MTF Bollinger Bands are best. Your bands maybe give very different feeling when you trade life, so i can not say much here.
  • #23
  • Feb 18, 2015 4:37pm Feb 18, 2015 4:37pm
Quoting stormtrader
This is the thread i got it from http://www.forexfactory.com/showthread.php?t=463142
Now i see - you are using Multiple Donchian Channels
  • #24
  • Feb 18, 2015 5:05pm Feb 18, 2015 5:05pm
I am basically looking to take advantage of extremely overbought and oversold areas with this indicator
  • #25
  • Feb 18, 2015 5:40pm Feb 18, 2015 5:40pm
Quoting stormtrader
I am basically looking to take advantage of extremely overbought and oversold areas with this indicator
Good thinking !

Did you find any MTF Donchan channels ?

Maybe those would work http://www.forexfactory.com/showthread.php?t=255603

http://www.forex-tsd.com/metatrader-...channel-3.html

If you trade on 1 hour, then you would need to have 4 hour and Day and Week channels on your chart (maybe 8 hour)

When 1 hour will touch 4 hour top or Daily top for first time after price traveled for long distance, you may get good rubber effect. That happens with Bollinger Bands . :nerd:
  • #26
  • Feb 18, 2015 10:13pm Feb 18, 2015 10:13pm
Quoting stormtrader
{quote} 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
I think that the PB channel indicator is a renamed centered TMA band indicator. If so, it does repaint and would explain how amazing it looks on the chart. More info can be found on Google.
  • #27
  • Feb 19, 2015 12:54am Feb 19, 2015 12:54am
Hi everybody,

I propose everybody to be open minded and switch discussion from preconceived ideas of why it may not work, to constructive replies.
This may be a good system or not, but first it should be tested.

So stormtrader, what are the settings you are using for your PB channels, in order to test and give you constructive feedback?
You may laydown the exact rules you are following as well, and put them in post 1.

Best regards,
Dragos
  • #28
  • Edited 2:14am Feb 19, 2015 1:05am | Edited 2:14am
Quoting drakos
{quote} I think that the PB channel indicator is a renamed centered TMA band indicator. If so, it does repaint and would explain how amazing it looks on the chart. More info can be found on Google.
If you see it live you ll understand. either way I am happy with what it gives and I am talking as it happens not after the fact
  • #29
  • Feb 19, 2015 1:10am Feb 19, 2015 1:10am
Quoting dragos_
Hi everybody, I propose everybody to be open minded and switch discussion from preconceived ideas of why it may not work, to constructive replies. This may be a good system or not, but first it should be tested. So stormtrader, what are the settings you are using for your PB channels, in order to test and give you constructive feedback? You may laydown the exact rules you are following as well, and put them in post 1. Best regards, Dragos
Thank you dragos,
Bine ai venit, o sa fac cum ai zis si o sa postez exact cum functioneaza
  • #30
  • Feb 19, 2015 3:08am Feb 19, 2015 3:08am
For those that claim PB is repainting, a trade while it s forming
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD 1H.jpg Size: 258 KB
  • #31
  • Edited 3:43am Feb 19, 2015 3:32am | Edited 3:43am
Can campare one with BBs. Very similar look. Will see what happens later

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1 bb.png Size: 43 KB



Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1 steps.png Size: 60 KB
  • #32
  • Feb 19, 2015 5:33am Feb 19, 2015 5:33am
Quoting stormtrader
{quote} Thank you dragos, Bine ai venit, o sa fac cum ai zis si o sa postez exact cum functioneaza
Salut,

Merci. Daca merge pentru tine tine-te de el orice zice lumea. O sa ma uit si eu sa vad cum functioneaza, dar sincer prefer sa tranzactionez pe tf de 5 minute pentru ca sunt miscari destul de mari si acolo (mai ales pe GBPJPY) si pana o ia pretul in directia lui M15 sau H1 poti sa intri serios pe minus. Dar mai posteaza pentru ca nu stii de unde sare iepurele Succes!

And now english
You may find atached a template and some indicators, customized as per you system and with a little bit of touch from my part.
I propose that after you get entry signal from you PB, to refine the entry with the Hull, MACD and arrows which I included in the template. You may try M5 as well if you wish.

Best regards,
Dragos
Attached File(s)
File Type: zip stormtrader.zip   109 KB | 951 downloads
  • #33
  • Feb 19, 2015 9:05am Feb 19, 2015 9:05am
Quoting dragos_
{quote} Salut, Merci. Daca merge pentru tine tine-te de el orice zice lumea. O sa ma uit si eu sa vad cum functioneaza, dar sincer prefer sa tranzactionez pe tf de 5 minute pentru ca sunt miscari destul de mari si acolo (mai ales pe GBPJPY) si pana o ia pretul in directia lui M15 sau H1 poti sa intri serios pe minus. Dar mai posteaza pentru ca nu stii de unde sare iepurele Succes! And now english You may find atached a template and some indicators, customized as per you system and with a little bit of touch from my part. I propose that after...

Thanks man,
I appreciate that. I will look into it
  • #34
  • Feb 19, 2015 9:07am Feb 19, 2015 9:07am
Quoting stormtrader
For those that claim PB is repainting, a trade while it s forming {image}
and the result
Attached Image (click to enlarge)
Click to Enlarge Name: gbpaud result.jpg Size: 249 KB
  • #35
  • Feb 19, 2015 9:08am Feb 19, 2015 9:08am
Quoting RabbitWolf
Can campare one with BBs. Very similar look. Will see what happens later {image} {image}
Correct man,
very similar
  • #36
  • Feb 19, 2015 9:15am Feb 19, 2015 9:15am
Quoting stormtrader
{quote} Correct man, very similar
Ok all trades taken where counter trend and they produced some decent pips. I didnt close them or moved my sl one to follow the rules of the system and second i have a full time job that doesnt allow me to have a look at what s happening while at work.
so if the trade is countertrend we should look for a tighter tp.
will work on it
  • #37
  • Feb 19, 2015 9:26am Feb 19, 2015 9:26am
Quoting stormtrader
{quote} and the result {image}
Same here - Flat Bollinger

Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1 flat.png Size: 53 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH1 aft.png Size: 58 KB



Good Luck ! Green Pips !
  • #38
  • Feb 19, 2015 9:27am Feb 19, 2015 9:27am
This is an early trade but with an amazing RR ratio. we have the upper trend-line of a channel formed and i am targeting the 50 fibo retracement.
on the dailly we had a 5 wave drive up and we could gat an abc counter trend down for the bulls to re take over for another drive up to 2.18- 2.20
me thinking
Attached Image (click to enlarge)
Click to Enlarge Name: early trade.jpg Size: 268 KB
  • #39
  • Feb 19, 2015 9:40am Feb 19, 2015 9:40am
Quoting stormtrader
This is an early trade but with an amazing RR ratio. we have the upper trend-line of a channel formed and i am targeting the 50 fibo retracement. on the dailly we had a 5 wave drive up and we could gat an abc counter trend down for the bulls to re take over for another drive up to 2.18- 2.20 me thinking {image}

THE PLAN
Attached Image (click to enlarge)
Click to Enlarge Name: THE PLAN.jpg Size: 243 KB
  • #40
  • Feb 19, 2015 9:52am Feb 19, 2015 9:52am
And this is dragos's template

imi place mult frate merci mult
Attached Image (click to enlarge)
Click to Enlarge Name: DRAGOS 'S TEMPLATE.jpg Size: 238 KB
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