Forex strategies revealed | FSR Forum

Hi to all, and thanks for your contribution.

I'm very enthusiastic about this strategy and started demoing this week.
Yesterday I was setting up my platform (MT4), in order to check and choose pairs to trade.
Well, at first I was using another charting software (daily only) which automatically draws S/R lines and TLs. It also draws channels.
Maybe unconsciusly, I also set up my 4H charts in MT4 using channels.
The result? Well, see attached pictures.
Pros: the entry signal is much stronger. A higher positive filtering. E.g.: the AUDCAD current situation (as posted above), is ending up towards the top of the channel. Thus, even though there's still 'room' for a bull phase, the trade's life will be shorter.
Cons: less entry signals ('cause we must wait price bounce back from the channel's extremes).

What do you all think about?

Giacomo
P.S.: MACD is simply added to detect divergences. The purple line is a 200 SMA

Hi guys,

To chinto's earlier post about eur/jpy, I've spotted a flag on the weekly chart which could indicate that the market may head up and obey the daily/h4 TL and then make a reverse while hitting the resistance level at 138.645.

regards,

Absh

Yes Absh, that would be a nice trade setup

Best regards,
Chinto.

Hi all,

This is a great way of trading... And il try to learn it..

Thanks guys for posting your trades its a great help..

From what I can see patience is one of the main ingredients here and wait for the proper setups...

Thanks and regards...

looking forward to reading more examples and hopefuly to post my own soon after mastering the strategy..

Hey Chinto,

Which pairs do you trade with this strategy?

moneymogul wrote:Hey Chinto,

Which pairs do you trade with this strategy?

Hi moneymogul,

I have about 15 to 20 pairs to whatch, if i see the trade setup on any of the pairs and long as the spread is not more than 4,5 at the moment and has a R:R Ratio over 3/1, i will take the trade.

See, for this method, the pair doesn't matter to ME....what we want to do is, master the chart pattern, the trade setup according to the System rules. So any pair that is giving you the singnal you should consider taking it, of course, taking into consideration, spread and R:R Radio.

Hope that helps...trade safe!

Best regards,
chinto.

Hi everyone.

There is a posible trade setup on GBP/CHF.
Take a look at the screen-shot.

Best regards,
Chinto.

Thanks for the heads up chinto..
hope the trade will materialize and produce profit...

Hey guys,

Spotted a possible entry on cad/jpy h4 chart. Take a look and decide...

Absh wrote:Hey guys,

Spotted a possible entry on cad/jpy h4 chart. Take a look and decide...

Hi Absh,

cant help but notice that swingZZ also acts differently...

maybe it depends on the broker?