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  • #3,041
  • Jun 11, 2015 4:06am Jun 11, 2015 4:06am
Quoting Landline
{quote} All indicators indicate! If volumn happens to be one of your preferred indicators then use it, but quite frankly they are all pretty much tell the same story...some are more sensitive than others that's all. Either way, throwing more and more indicators on a chart will not help imo....in fact will create more indecision i'd say. My advice is simply use as few as possible, but make sure you understand them. The SS channel in my view is your starting point btw, the leader!...a very strong indicator if used in tandem with supporting indicators....
  • #3,042
  • Jun 11, 2015 4:26am Jun 11, 2015 4:26am
Quoting verified
{quote}
Hi V

I'm glad that you appreciate my comment.

Everyone imo should build a case to take a trade or not, once the channel indi is present and then look for the supporting cast.

If the supporting cast does not develop, then wait, the channel will most likely then repaint to a new level, if so, then wait for the supporters to arrive, and just keep repeating the process until the supporters stay! Then enter!!

It is very simple....but of course the hardest thing it seems for most people is a lack of patience waiting for everything to be in place

Cheers

LL
  • #3,043
  • Jun 11, 2015 4:44am Jun 11, 2015 4:44am
V,

If you or indeed anyone would like further images of this process as they develop, then just let me know, I'd be happy to post examples as they are developing, it's no problem, there are many examples in all time frames during any part of the day, and it may help for others to understand what to keep their eyes open for. Or if anyone has a pair they are interested in and would like my opinion or to post a chart then just ask, it's no prob if I can help.

Cheers

LL
  • #3,044
  • Edited 5:00am Jun 11, 2015 4:45am | Edited 5:00am
Quoting Landline
{quote} Hi V I'm glad that you appreciate my comment. Everyone imo should build a case to take a trade or not, once the channel indi is present and then look for the supporting cast. If the supporting cast does not develop, then wait, the channel will most likely then repaint to a new level, if so, then wait for the supporters to arrive, and just keep repeating the process until the supporters stay! Then enter!! It is very simple....but of course the hardest thing it seems for most people is a lack of patience waiting for everything to be in place...
Dear Landline,

I'm testing today. If white dot appears. I'll enter when it's valid. My TP at 10 pips. my SL at 10/12 Pips. If 5/6 pips profit i'll pust my SL to BE or -2pips. After that most of time a retrace will come. So i'll check if it's a little or heavy retrace. If it's heavy I don't re-enter, because it's most likely that it will re-create a new white dot. If it's stable i'll be looking to re-enter again. Going to test it today and tommorow. Today 1 did succeed on EUR/USD. These are just the basics rules.

Edit: USD/JPY +10 pips

Regards,
  • #3,045
  • Jun 11, 2015 4:51am Jun 11, 2015 4:51am
Quoting daanreijn
{quote} Dear Landline, I'm testing today. If white dot appears. I'll enter when it's valid. My TP at 10 pips. my SL at 10/12 Pips. After that most of time a retrace will come. So i'll check if it's a little or heavy retrace. If it's heavy I don't re-enter, because it's most likely that it will re-create a new white dot. If it's stable i'll be looking to re-enter again. Going to test it today and tommorow. Today 1 did succeed on EUR/USD. These are just the basics rules. Regards,
Hi D

Well done

I can see you are thinking on the right lines....keep it up, and shout if you need a second opinion before entering if you want to.

Cheers

LL
  • #3,046
  • Jun 11, 2015 4:54am Jun 11, 2015 4:54am
Hi LL,

I'd appreciate to know as much as possible about ss Channel reversal confirmation methods. IMO thats the key point of the System. We are in Sai Ram's thread and I think he is the only one who could invite you to talk about that here.

Best Regards, Verified.
  • #3,047
  • Jun 11, 2015 5:02am Jun 11, 2015 5:02am
Quoting verified
Hi LL, I'd appreciate to know as much as possible about ss channel reversal confirmation. thats the key point of the System, we are in sai ram's thread and i think he is the only one who could invite you to talk about that here. regards, verified.
Hi V

Yes I understand that, but in essence my system actually contains your indicators, albeit seen differently, but the core still remains with your indicators, which is the only reason it seemed appropriate to post here as opposed to anywhere else.

I take your point nevertheless, but my intention has always been to offer something back to this community in return for those great indies that you selflessly shared that is all

Cheers

LL
  • #3,048
  • Jun 11, 2015 5:08am Jun 11, 2015 5:08am
Quoting Landline
{quote} Hi D Well done I can see you are thinking on the right lines....keep it up, and shout if you need a second opinion before entering if you want to. Cheers LL
Dear,

Thanks

I'm most of time trading near PCC or SR, M2/M4, M1/M3. Because reversal is most likely to happen. I'll keep that in mind. I'll pm you if I need help on a signal.

Regards,
  • #3,049
  • Jun 11, 2015 5:09am Jun 11, 2015 5:09am
Quoting Landline
{quote} Hi V Yes I understand that, but in essence my system actually contains your indicators, albeit seen differently, but the core still remains with your indicators, which is the only reason it seemed appropriate to post here as opposed to anywhere else. I take your point nevertheless, but my intention has always been to offer something back to this community in return for those great indies that you selflessly shared that is all Cheers LL
Hi Landline,

I think you are absolutely right. If you have something special to share with us then let's do it.

Thank for your kindness.

Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #3,050
  • Jun 11, 2015 5:11am Jun 11, 2015 5:11am
Quoting sriloba
{quote} Hi Landline, I think you are absolutely right. If you have something special to share with us then let's do it. Thank for your kindness. Sai Ram
  • #3,051
  • Jun 11, 2015 5:17am Jun 11, 2015 5:17am
Quoting sriloba
{quote} Hi Landline, I think you are absolutely right. If you have something special to share with us then let's do it. Thank for your kindness. Sai Ram
Dear,

Could somebody check for me when i'm able to re-enter USD/JPY. On 5M chart. Verified, Sriloba or Landline.

Regards,
  • #3,052
  • Jun 11, 2015 5:24am Jun 11, 2015 5:24am
Quoting daanreijn
{quote} Dear, Could somebody check for me when i'm able to re-enter USD/JPY. On 5M chart. Verified, Sriloba or Landline. Regards,
M5 : The slope of the channel is straight upward.

It is hard to sell. Maybe the trend will reverse.


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #3,053
  • Jun 11, 2015 5:25am Jun 11, 2015 5:25am
Quoting daanreijn
{quote} Dear, Could somebody check for me when i'm able to re-enter USD/JPY. On 5M chart. Verified, Sriloba or Landline. Regards,
You only could Long. I see no Long setup and Price sits below resistance
  • #3,054
  • Jun 11, 2015 5:32am Jun 11, 2015 5:32am
Quoting sriloba
{quote} Hi Landline, I think you are absolutely right. If you have something special to share with us then let's do it. Thank for your kindness. Sai Ram
Hi Sri

That's good to hear, maybe the best thing to do initially then is to see whether enough other members are committed enough to create a chart resembling my simple and straightforward set up....I prefer that anyone interested enough should make the effort to create themselves rather than copy templates, because apart from being too easy to do that, there is a much better chance that they will appreciate what they have then personally created, that's what I found and it worked!

Lets see what the reaction to that suggestion is and then take it from there.

My recent charts 2992 and 3000 illustrate what my charts look like as examples

In the meantime of course, I'll still be available to help with any trade questions anyone may have at this moment

Cheers

LL
  • #3,055
  • Jun 11, 2015 5:34am Jun 11, 2015 5:34am
Quoting verified
{quote} You only could Long. I see no Long setup and Price sits below resistance
It's near the M3 line. I think it is going short again, but I just have to find right entry.
Could you explain what you mean by channel is straight forward Sriloba?
Thanks for feedback.

15M trend is indeed long, but reverse signal was given? I got yellow bar right on white dot. Chart is bit messy, because I had no time to set all indicators right. Weird color comes from teamviewer. I'm at work.

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: Knipsel.PNG Size: 202 KB
  • #3,056
  • Jun 11, 2015 5:36am Jun 11, 2015 5:36am
Quoting Landline
{quote} Hi Sri That's good to hear, maybe the best thing to do initially then is to see whether enough other members are committed enough to create a chart resembling my simple and straightforward set up....I prefer that anyone interested enough should make the effort to create themselves rather than copy templates, because apart from being too easy to do that, there is a much better chance that they will appreciate what they have then personally created, that's what I found and it worked! Lets see what the reaction to that suggestion is and then...
I'd like to be the test monkey
  • #3,057
  • Jun 11, 2015 5:42am Jun 11, 2015 5:42am
Quoting daanreijn
{quote} It's near the M3 line. I think it is going short again, but I just have to find right entry. Could you explain what you mean by channel is straight forward Sriloba? Thanks for feedback. 15M trend is indeed long, but reverse signal was given? I got yellow bar right on white dot. Chart is bit messy, because I had no time to set all indicators right. Weird color comes from teamviewer. I'm at work. Regards, {image}
See blue large arrow on chart. It is straight up.

You can short but with small lot



Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: MyTemplate.png Size: 85 KB
Being a fxtrader is not easy. Ones must working hard.
  • #3,058
  • Jun 11, 2015 5:50am Jun 11, 2015 5:50am
Quoting daanreijn
{quote} Dear, Could somebody check for me when i'm able to re-enter USD/JPY. On 5M chart. Verified, Sriloba or Landline. Regards,
Still scope for further down movement, but note comments on chart!

See M5 chart attached

LL

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 38 KB
  • #3,059
  • Edited 6:07am Jun 11, 2015 5:50am | Edited 6:07am
Quoting sriloba
{quote} See blue large arrow on chart. It is straight up. You can short but with small lot Sai Ram {image}
Alright thanks of explanation. I'll try it.
My eyes or now on EUR/GBP. Will M2 break or not. It's not the best setup, because it's near the channel, but i'll keep my eyes on it. Also USD news is coming so better not trade USD. NY session is also soon.

Regards,
  • #3,060
  • Jun 11, 2015 6:40am Jun 11, 2015 6:40am
3 Red News in 50 minutes ( USD ). Outcome not predictable. Take care.
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