nice range setup — looking for long above 3860 or short below 3820. start of the london session so it should move somewhere!

EURUSD

Wow that spike came within 1 pip of my target (3070) but didn't quite make it. Keep going baby!!

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If you really want to trade forex then go with OandA. Trade really small amounts (0.1% per trade = $2 risk per trade) that way you shouldnt lose too much and you can trade with real money. If you actually do good then you will make money - doesn't ...

I have 2000 USD what could i do?

Has this thread died? — Are people still looking into this idea? I think this could be one of the next great break throughs in tech analysis. I use Donchian style breakouts and other breakouts, and this "tool" can add to it and tell which ...

Trend-spotting

Cheers Goingforward, you wouldn't happen to have an alert for when the upper and lower channels are breached would you? Or anyone else?

Can someone add an Audio Alert to this?

Short breakout from 1950 to 1980 range was good for TP at 1920

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Short 1950 looking for 1930

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Looking for long above 1980 or short below 1950

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Breakouts — I like to see tight sideways range then straddle with 10pip SL. I'll take re-entries if stopped out. After the sideways action breakouts do well. I use the grid indicator (set at 10pip intervals) to look for the ranging.

Eurusd-5m Trading Only

Great idea and great thread. This could also be thought of as a kind of "Dynamic Price Channel" as the count tells you which length price channel has been broken.

Trend-spotting

I think it depends on your type of trading as to which one you should pick. I have faced this dilemma many times myself and I think it depends on your trading system. If you go with the set TP then you can easily work out your risk, reward, win rate ...

Which will create more profit?

Be sure to pay $5000 for that "make a Gazillion dollars a day with our MA crossover secret technique that takes only 12.3 seconds per day". Go on then - go book those holidays you always wanted!!!

Trading Rules for die-hards...

Range broken (4860 - 4820)... Support becomes resistance (4820) ... nice pullback... then run down to 4760 (next level of r/s). Take Profit. . . too many drinks by now... time to crash out... cheers ppl. Good Pippin to all!...

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nice updates Pipster

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We've had break out of 4860 - 4820 range, then pullback - support became resistance - Now it may head south for a bit

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Is this the breakout we needed to get some movement?....

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I thought we had a breakout about an hour ago but we're back into sideways trading. got out with a small loss. Still waiting the real breakout. . .

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targeting 1.4760 for shorts

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