AUD/USD, has now touched 4hr channel bottom, now waitin for a break.

Pete's Journal

Bogovino, Do you want me to put a check in the indicator like, if there is 5/12 crossup it should check if RSI is >50 ? if thats the case then what happens in case like there is cross up and RSI goes above 50 after a few bars ?

New profitable System - Sidus

08AUG- AUD/USD Short: We have Evening star reversal followed by 5/12cross down. but price has just broken 1hr channel, and now prolly heading for 4hr bottom. I prefer longs at bottom of channels and Shorts at top of channels. So this AUD short could ...

Pete's Journal

Hello purple, i havent got any fixed exit strategy yet, but what i do is say if i go long at the bottom of 1hr channel, i will first target middle of the channel, if price still goes up then i will target top of the 1hr channel, and on the way i'll ...

Pete's Journal

07AUG- AUD/USD Short: 5/12 Crossdown followed by bearish engulfing reversal pattern.

Pete's Journal

07AUG- EUR/JPY LONG: 5/12 crossup followed by bullish engulfing reversal pattern.

Pete's Journal

07AUG- USD/CAD Short: Nice bearish engulfing followed by 5/12 crossdown.

Pete's Journal

Good one Abdul

Pete's Journal

I have 5ema and 12ema on the chart, when 5ema will cross 12ema from below its called crossup, and when 5ema will cross 12ema from top, its crossdown.

Pete's Journal

07AUG - USD/JPY Long: As per post 8# we had tweezer reversal patterns and was waitin for 5/12crossup, which we have it today, so long entry and price now at mid of 1hr and 4hr channels.

Pete's Journal

Hi, here is the channel indicator, put this on 30min chart twice, first time set timeframe=60/color=green, and second time set timeframe=240/color=magenta

Pete's Journal

If you notice the USD/CAD chart, there are two signals, the first one was Long signal, which was really good one. The second signal was short based on the price reversal pattern followed by cross down, but this entry was not gud cos of higher risk ...

Pete's Journal

I have not posted the GBP/USD chart as the entries were not so clear to me, could not spot the reversal pattern well on that chart, although it did have a 5/12cross up at bottom of the channels. I am still learning, so need to practice to spot the ...

Pete's Journal

Listen to what the charts tell you, cos PRICE is the best indicator.If you have noticed in my charts, i have only channels and emas, no other indicators like RSI, MACD etc. Just purely emas for confirmation of price reversal patterns, and channels ...

Pete's Journal

04AUG - USD/CAD Long: 5/12 crossup + Bullish engulfing reversal pattern.

Pete's Journal

04AUG - AUD/USD Long: Bullish engulfing reversal pattern + 5/12 crossup.

Pete's Journal

The RED and BLUE arrows are from emacross indicator. Here is the indicator.

New profitable System - Sidus

04AUG- USD/JPY Short: price at top of 1hr and 4hr channels, we have evening star formation + 5/12 crossdown at NFP announcement. price drops forms nice tweezer bottoms, possible long entry if we get 5/12 crossup. SELL tops, BUY dips

Pete's Journal

04AUG - EUR/USD Long: Price at bottom of 1hr channel, forms a bullish engulfing reversal pattern followed by 5/12 crossup at the NFP news announcement.

Pete's Journal

04AUG - USD/CHF Short: just before the NFP news, we have Evening Star reversal pattern formation, followed by 5/12crossdown at the news announcement, price drops, and at the bottom of 1hr channel and 4hr channel we have bullish engulfing reversal ...

Pete's Journal