this is also i saw happening a couple of times allready......
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Dislikedthis is also i saw happening a couple of times allready...... {image}Ignored
DislikedIf price comes back to the place the channels cross and it stabilize around this area and pa is good ll hh stuff, you have a good chance that price goes back to the spike wich causes the retrace too the channel cross...Ignored
Disliked{quote} can you help me see what you are seeing here? I know there is something in the tl's that both you and SF are seeing but I'm more than a bit spatially challenged and I just can't see more than a jumble. Please helpIgnored
Dislikedok here we go, please read it carefully and look for yourself on charts of all tf's before firing off questions. If you are averse to horizontal lines just move on, this idea is not for you. The pattern to look for is a spike on one channel being crossed by the opposite channel (the bar has to close before a cross is confirmed). Once crossed the supposition is that the crossing channel will return to the point of cross. First example is of the lower channel crossing a previous spike on the upper channel. I have removed price to make it clear what...Ignored
Disliked{quote} Have you noticed this? https://www.forexfactory.com/showthr...1#post11344971Ignored
Disliked{quote} I'm not sure what you mean by 'price touch one of the bands', would you like to post an example please ShivaIgnored
Disliked{quote} Good spot, they don't seem to occur very often but price appears to take off when it happens. Is that your finding too? {image}Ignored
Disliked{quote} Good spot, they don't seem to occur very often but price appears to take off when it happens. Is that your finding too? {image}Ignored
Disliked{quote} Hepsibah, I am still working with Your idea. And this trade is really great so far. On demo! But it seems good. I wish I traded this with my own account. However my broker does not support cTrader which I hate.. But well maybe MT4 will be good enough since broker I want to use is kinda good and even have office in my country. So maybe I will believe them. When cross happened I made a point on price and wait that we will get there again. Sooo let's wait. On the second picture I have drawn for you why I entered. We had high spike on the indicator,...Ignored
Disliked{quote} So you entered a short at your dot and traded it down to the spike on the lower channel (these are absolutely the best trades where the channels only just cross and are quite close together - symptomatic of a consolidation range). Nice one, unfortunately my settings didn't show this on the 1hr chart. Are you also saying that you are now expecting price to go back to the dot?Ignored
Disliked{quote} Yes the dot you see on the last high is where I entered exactly. This is kinda nice little thing in cTrader. It shows exactly where was trade opened. And price should go down until the band touch the crossing point on the indicator. So price should stop at about 1.1650. Indicator never came back to the cross on the 1.1628 level. So I traded short because price should move back. Same as what you did here - https://www.forexfactory.com/attachm...5&d=1535367795 {image}Ignored
Disliked{quote} ok, I misunderstood. I thought you were trading the cross I've marked at the yellow line. These are the very high probability consolidation crosses but what you have shown there is interesting, I will explore that further. Your target looks good because of what I am seeing on the 4hr chart, the channels didn't touch but there are opposing spikes around the 1.1628 level and spikes, whether they touch or not appear to act as magnets. Let's see {image}Ignored