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Thread: 5M Channel Scalping - 100pips \ week

  1. #11

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    Anyone who took this trade made +2.4% on his account


  2. #12
    Junior Member
    Join Date
    Apr 2009
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    15

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    Most of your charts show 15 mins - are these the TF you use. Please have a look at the USD/JPY might be one coming up if it hits the support, does it look like a trade???

    Punta

  3. #13

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    c0nundrum,

    Congrats! You're making some good cash. This seems like a pretty good system. What time of the day do you usually trade?

    rptrader

  4. #14

    Default

    Most of your charts show 15 mins - are these the TF you use. Please have a look at the USD/JPY might be one coming up if it hits the support, does it look like a trade???

    Punta
    Please attach a chart. In my charts I don't see it, maybe you have another way of looking at it.

    c0nundrum,

    Congrats! You're making some good cash. This seems like a pretty good system. What time of the day do you usually trade?

    rptrader
    Whenever I see channels I trade them. These patterns are much too rare to miss (around 3-4 a week).

  5. #15
    Junior Member
    Join Date
    Apr 2009
    Posts
    15

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    Post 21 is eurusd 15M chart - the charts on the 1st post three are 15M and two are 5M charts. Looking in the top left corner, gives the chart time.

    Thats why I asked what TF you are using

    punta

  6. #16

    Default

    It depends on the size of the channel.
    For big channels, I will use the 15M (and rarely - the 30M).

    For channels that are smaller, I will trade at 5M.
    These days the channels of 15M were more common.

  7. #17
    Junior Member
    Join Date
    Apr 2009
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    15

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    Quote Originally Posted by c0nundrum View Post
    It depends on the size of the channel.
    For big channels, I will use the 15M (and rarely - the 30M).

    For channels that are smaller, I will trade at 5M.
    These days the channels of 15M were more common.
    Thanks for the reply

  8. #18

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    You are welcome.

    Well, it has been a good week. 3 Trades, 3 wins.
    I hope you enjoyed and profited from the signals.
    I will post my trading plan for next week at Sunday, until than - Have a great weekend.

    In case any questions are raised, I am here, do not hesitate to ask.

  9. #19

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    Trading plan for next week - Channel Scalping System
    2 Potential setups are attached, and I have written the full trading plan here:
    Michael's Forex Trading: Trading Plan for Next Week

    Good luck everyone, lets harvest some pips!!!

  10. #20

    Default

    Updates
    4 Potential Setups:
    NZDUSD, 15M
    NZDJPY, 15M
    EURNZD, 15M
    EURCAD, 1H

    Good luck.

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