Strategy that could become millionaires

[Roels Major]

..........."Most of the time you will get buy or sell signal within few hours of drawing your channel".................

..........."You can only take what the market is prepared to give you, please be patient".................................

Edited August 4, 2010 by Roels Major
Add more words...........

[Roels Major]

Thanks for superfx to open this tread and remind us the beauty of the system.....

Could you rename the thread as the "Optimum Channel System"....to honour the inventor of this system?

But anyway..no hard feeling....

[pauli79]

Can we trade a late breakout like this one. This signal appeared at around 11:30 BST

 

http://img691.imageshack.us/img691/4793/40810breakout.png

 

Hey Linkrink thats exactly it.It gave some nice pips today too.

[chrisbenjy]

I know we aren't using Golden Variety anymore, but can anyone tell be what all the colors mean and all the little crosses?

 

Chris

[Roels Major]

http://i600.photobucket.com/albums/tt90/RoelsMajor/diagram.png

[Roels Major]

Continuation....................................

http://i600.photobucket.com/albums/tt90/RoelsMajor/Continuation4August2010.jpg

 

http://i600.photobucket.com/albums/tt90/RoelsMajor/Continuation2-4August2010.jpg

[ochuko]

Why go for just 30pips when you can grab up to 100 pips from the market? Doing manual backtest, I discovered that grabing 100 pips is the best way to leaverage this strategy.

[Freddie]

Lines are drawn but nothing exciting yet: 0600 and 0800 looking very similar.

 

 

$Y

Edited August 5, 2010 by Freddie

[synergy]

Looking good, a W is forming ... but near to weekly resistance level. Edited August 5, 2010 by synergy
wordings.

[Freddie]

http://i914.photobucket.com/albums/ac341/freddieforII/Chan0508.jpg

 

0600 in yellow, 0800 red.

 

$Y

Edited August 5, 2010 by Freddie

[Freddie]

BO...for 0600 and a higher bar for 0800.

 

Where is the resistance Syn?

 

http://i914.photobucket.com/albums/ac341/freddieforII/Chan05082.jpg

 

$Y

Edited August 5, 2010 by Freddie

[synergy]

137.203, it is a Weekly R1.

[Freddie]

We are talking different pairs Syn.

I am on £Y at around 86. - 137 would be a bucket load of pips. (if I am not mistaken!!)

 

http://i914.photobucket.com/albums/ac341/freddieforII/Chan05085m.jpg

 

Here's the 5min chart, I like to look!

 

$Y

Edited August 5, 2010 by Freddie

[Freddie]

YES!!! GOT IT ROUND MY NECK AGAIN!!!

 

I am on $Y

 

Apologies!! Proper pics coming up...

[Freddie]

With much thanks to Synergy...£Y no breakout, massive channel around 80.

 

http://i914.photobucket.com/albums/ac341/freddieforII/Chan0508Y.jpg

[synergy]

Wondering what caused the sudden drop in GBP, didn't see any scheduled news announcement ...

 

Saw this in FF

 

Bank of England Governor Mervyn King is setting aside his inflation target to protect the economy from the biggest budget cuts since World War II. As a split widens on the Monetary Policy Committee on the danger posed by rising prices, King insists it may be a “considerable” time before the benchmark interest rate of 0.5 percent returns to “normal.” The nine-member panel will announce its monthly decision, which uses new economic forecasts, at 12 p.m. today in London.

Edited August 5, 2010 by synergy
additional info

[Freddie]

Need Kraven here, he usually knows about such things

[kraven]

morning, the drop in the £ is probably due to a number of things

1. weve had a hell of a run up of late some 1700 pips without hardly taking a breath, so we now have people cashing in and adjusting positions

2. yesterdays US non-manu numbers we good, although this is not normaly a massive trend changer, all the bad US data lately coupled with US fears of a double dip have caused a $ jump on any good news

3. Non-farm payroll is due on friday...we are looking for a small increase...but an increase all the same.

[Roels Major]

Open the trade earlier in the middle of the candle..........

How Short Can We Go...........?

 

http://i600.photobucket.com/albums/tt90/RoelsMajor/5Agustus2010.jpg

[kraven]

Roels your using GU instead of GJ, are you using 00 till 6am?

[Freddie]

Roels your using GU instead of GJ, are you using 00 till 6am?

 

Cannot see who the broker is but the range marker is 2-8

[Roels Major]

Roels your using GU instead of GJ, are you using 00 till 6am?

 

I am using 02:00 til 08:00

My Broker is Alpari Rusia (Alpari-Forex.com) redirecting from Asia Zone on Alpari NZ-Limited (New Zealand).........

[Roels Major]

From Forex Factory................One Hours Before Release.......Sentiment is so strong?

Source Bank of England (latest release)

Measures Total value of money the BOE will create and use to purchase assets in the open market;

Usual Effect Actual < Forecast = Good for currency;

Frequency Scheduled monthly;

Also Called Quantitative Easing Programme, Money Printing Programme;

Acro Expand Bank of England (BOE), Monetary Policy Committee (MPC);

Edited August 5, 2010 by Roels Major

[Roels Major]

This is why we must determine our SL and TP............

I dont like much the idea to use S & R............

http://i600.photobucket.com/albums/tt90/RoelsMajor/5Agustus2010-1.jpg

[Roels Major]

Need to compile the reports after tomorrow............

So This is GU on 15m..........

Not using TP and SL.........but still using all the indicators loaded to determine TP and SL.....