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Attachments: Channel/SR Strategy - My Journey in Becoming a Better Trader
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Channel/SR Strategy - My Journey in Becoming a Better Trader

Quoting JAKammus
That's the beauty of this strategy. Can be used in any time frame. I do trade triangles. I love them lol. Thanks for sharing that one. I will keep an eye on it. Usually it offers quick profits.
http://www.forexfactory.com/showthread.php?t=256484


It's nice to see a thread like this. Keep up the good work.
Quoting siawling
SUBSCRIBED !!! I LOVE THIS STRATEGY ... THANKS FOR SHARING.
You are welcome. I'm glad you liked. Feel free to post the trades you take if you decide to use similar strategy.
Quoting calderone
{quote} http://www.forexfactory.com/showthread.php?t=256484 It's nice to see a thread like this. Keep up the good work.
Thanks! I see you also use channels to trade. How did it work for you? Why did you "abandoned" your thread?

Feel free to post channels you find and trades you take.
  •  Hpt
  • Joined Jun 2015 | Status: everybody trade at one`s own risk | 648 Posts
Hey JAKammus,

good work , clear charts carry on
from level to level - you need mental strength to reach the summit
Quoting Hpt
Hey JAKammus, good work , clear charts carry on
Thank you, man. I appreciate your words.
What, you're not claiming 100% profit in a hour? and you still got some responses, wow, who knew....

Just stopping in to say hi, I'll take a look at the material you posted, looks comprehensive.
big money makes big moves and then hides during small money chasing.
Quoting JAKammus
{quote} Thanks! I see you also use channels to trade. How did it work for you? Why did you "abandoned" your thread? Feel free to post channels you find and trades you take.
I still use them, I just moved on to another thread where I posted with other traders. Channels are just a really solid part of tech analysis and can be very effective.
Love it! Keeping up with this. Good luck
Quoting flyingmac
Love it! Keeping up with this. Good luck
Thanks, man
Quoting corrman
What, you're not claiming 100% profit in a hour? and you still got some responses, wow, who knew.... Just stopping in to say hi, I'll take a look at the material you posted, looks comprehensive.
I will try my best lol. Thanks for passing by.
I've been looking for some POSSIBLE trades today. One of them is the EURNZD 4H/1h and the one is USDCHF 4H/1H.
If you guys find more setups, please post it.
Attached Images (click to enlarge)
Click to Enlarge Name: 20161031-EURNZD-HTF.PNG Size: 36 KB Click to Enlarge Name: 20161031-USDCHF-HTF.PNG Size: 20 KB
Quoting JAKammus
I've been looking for some POSSIBLE trades today. One of them is the EURNZD 4H/1h and the one is USDCHF 4H/1H. If you guys find more setups, please post it. {image} {image}
eurnzd looks like a bear flag on the daily. I would rather sell the high of the channel than buy the low.
Yep that's right. I think we will break down still can make a few pips up before selling up there. I still need to wait for my enfolding candle. I will enter all trades that give me the right setup. I want to see how mechanical this system can be without judging for the best setups. Please share some findings of you have any. Markets today don't seem very good to me
I understand. I usually don't take much stock in the sun-mon candle. Often these days run against the trend, Fridays are often profit taking days as well. I will keep my eye open for good channels this week.

Cheers!
Good call JAKammus on the EURNZD setup. It looks like you might have made some pips on that one. I just got back into town and saw the setup now.
The USDJPY is shaping up for a good setup on the 4H chart with major support (blue line) just below the channel.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4.png Size: 24 KB
Quoting coralsands
Good call JAKammus on the EURNZD setup. It looks like you might have made some pips on that one. I just got back into town and saw the setup now. The USDJPY is shaping up for a good setup on the 4H chart with major support (blue line) just below the channel. {image}
The markets are very bad today. I've been trying to scalp. Nice catch on the USDJPY. I missed that entry at the support. I think it might give us another chance in a few hours.

Keep the channels coming
So this is the EURNZD trade I posted earlier. Its 10 pips above what would have been our entry point. It gave the engulfing candle for the aggressive entry, but I didn't take that trade. The engulfing candle moved too far so the RR wasn't that great. When that happens I usually place a buy limit, but it didn't trigger. I'm waiting for a better opportunity in that pair.
Attached Image (click to enlarge)
Click to Enlarge Name: 20161031-EURNZD-HTF_002.PNG Size: 53 KB
Trading opportunity. I don't have margin to get in
Attached Image (click to enlarge)
Click to Enlarge Name: 20161031-EURCHF-HTF.PNG Size: 33 KB
  • Post #39
  • Quote
  • Edited at 10:27pm Oct 31, 2016 9:58pm | Edited at 10:27pm
I'm not going to post every single trade because is just too much work. I will post just the results. If you have any question just ask.

Most of the trades hit my SL because I was trailing. The market was just too chaotic for me today. In the Asian session I was finally able to pull a decent trade on GBPJPY
Attached Image (click to enlarge)
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Possibility for long if candle closes above previous candle
Attached Image (click to enlarge)
Click to Enlarge Name: 2016.10.31-Possibility-01.PNG Size: 71 KB
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