Still waiting to see if we get a long upward run here:
Great! Still taking trades based on that ?? (I’m gonna start implementing that strategy from next week.)
Still Trading KoF?? @AmericanTrader you too??
I do a modified kof. I start making Buy entries when candles break below the Cap or whatever regression channel I’m using. Obviously the opposite for Sells. I think it is superior to simply looking for a large gap between price and the 9 ema.
Hopefully I’m not wrong. Btw- this strategy is similar to the Cap Channel EA and the Dark Venus EA.
I often do it with pending orders.
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@AmericanTrader any tips?
I decided a while back that I just want to show how I trade. I’m not qualified to do anything more than that.
I’m just another trader with some experience who enjoys the fact that there will never be a perfect system, or a perfect trader.
I think my setups work really well. But it still comes down to the trader.
You’ve been trading for a while now and probably already know everything I know.
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My forever trade that has kept me waiting for a long time.
Still holding out hope for victory.
On E/J - I need that trade deal done!
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My psychology would tell me to exit a long trade here.
Although price has not quite reached the previous high, the Bolinger Bands have flattened, indicating the momentum has left.
For the safest new trade, I would wait until price is again at the bottom of the channel and look for the next long position.
High win rate using M1.
Idea is to set pending Buy order just above red BB Stops line and pending Sell order just below green BB Stops line. Look for sells when price in upper half of channel. Look for buys when price is in lower half of channel.
Close on 1 candle of profit. Tight SL
*Optional close points remain the 200EMA, Opposite signal, Channel mid-point line, Opposite channel boundry.
Nice movement this morning!
China trade deal over the weekend.
My Demo account is up over $1,000 in a few hours.
What a day!
Everything went in the right direction and there wasn’t even the big downward spike to take out all the retail traders SLs.
Let’s do this again real soon
What channels are you using here? I downloaded this template but the orange channel is missing Dont think the picture was synced with the tpl :)?
I changed back to the Cap Channel. Keep in mind that if you use it instead of the VHP, you sometimes have to click on the button to update its path.
CAP Channel Trading.ex4 (76.5 KB)
Welcome back! 12 months really?!?!?
now that’s nice! How about the real account? ha!
Still waiting on my EURUSD shorts!
Still seeing a lot of indecision on that pair. I know we are still waiting on a US/Euro trade deal and it hasn’t been going well.