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Thread: 5M Channel Scalping - 100pips \ week

  1. #21

    Default

    Weekly Results
    The system produced +1.4% gain on equity the past week - with two trades in the Japanese pairs.
    Total gain since beginning the posting: +9%, risking 1% of starting equity in each trade. You can easily gain bigger profits by risking 2-3% per trade.

    Total winning percentage: 80%!

    Wait for updates for more potential trades!

  2. #22

    Default

    Quote Originally Posted by c0nundrum View Post
    Weekly Results
    The system produced +1.4% gain on equity the past week - with two trades in the Japanese pairs.
    Total gain since beginning the posting: +9%, risking 1% of starting equity in each trade. You can easily gain bigger profits by risking 2-3% per trade.

    Total winning percentage: 80%!

    Wait for updates for more potential trades!
    c0nundrum,

    Nice work! Thanks for posting these trades.

    rptrader

  3. #23

    Default Michael's CHART Pattern trading is back!

    HEY GUYS!

    After a lot of time of no updates, I am back with many analysis, trading plans and signals. For those who remember, I started the thread about the 5Min Channel Scalping...

    Anyway, my trading plan for the next week:
    Some nice patterns I have noticed:


    In the GBP\JPY, there's a nice wedge which also confirmed with an 61.8 retracement. I expect the GBP\JPY to go up, breaking the wedge and continue, passing the 100% of the trend. There's a possibility of a gap at the opening.


    Also, a wedge in the EUR\USD, which is expected to break down. Do not enter at the pullback, this usually not a profitable entry.





    The Wedge seems to be a big player these days. Another one at the AUD\USD. Note that this one also looks like channel, so in case of breakout I will trade short on the pullback to the support line. Expect a gap -> pullback very shortly after.

    All trading plans and analysis is also posted at my blog. I do this for no profit, so this is not any kind of advertising or something of that kind...

    GOOD TRADING!!!

  4. #24

    Default

    Interesting observation.

    I did notice how the EURUSD didn't stay in it's channel, while I had indicators telling me that it should have.

  5. #25
    Junior Member
    Join Date
    Feb 2010
    Posts
    1

    Default

    hi,

    This is very good system. 2-4 entry per week on USD/JPY. RR=3:1

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