USD/JPY LONG: Price was at bottom of 1hr channel, formed a bullish engulfing reversal pattern, followed by 5/12crossup, and it was also at mid of 4hr channel.

Pete's Journal

CHF/JPY LONG: Price was at the bottom of 1hr channel. We have a twizer bottom reversal pattern followed by 5/12 crossup.

Pete's Journal

Example1 — CHF/JPY SHORT ENTRY: Bearish engulfing reversal pattern at the top of 1hr channel, followed by 5/12cross confirmation. Price dropped to mid of 1hr and 4hr channel. 1hr channel is green, and 4hr hour channel is magenta.

Pete's Journal

ok ET, so you were refereing to my AUD/USD chart. Ok, the 1hr channel and 4hr Channel were UP, that short entry i took cos price reversed at top of 1hr channel & top of 4hr channel, followed by 5/12 crossdown to confirm that reversal, thats why i ...

New profitable System - Sidus

ET, which chart are you refering to ???

New profitable System - Sidus

Cross down on AUD/USD at top of 1hr & 4hr channels on 30min chart. Greenchannel is 1hour timeframe, and magenta channel is 4hour Timeframe.

New profitable System - Sidus

Hi Guyz, talkin about Longterm trend, how about we use shi-channel, to get view of the higher timeframe trendlines on 30min chart and 60min chart ????? for example, we could use 60min & 4hr shi-channel on 30min chart to see where is the cross in ...

New profitable System - Sidus

30min cross'es are workin really well, so cool.

New profitable System - Sidus

there was 5/12 cross down on GBP/USD but RSI has not confirmed it yet. have to wait for RSI to drop below 50level

New profitable System - Sidus

York, save the file posted by Aha, and place it in your metatrader\experts\indicators folder and then restart your platform, then you can attach it to your charts from the custom indicators list.

New profitable System - Sidus

Hi Orange, thanks lot for the well detailed doc. i have now added 9sma to the charts, and what i have observed is that when the 5ema & 9sma cross RSI will only confirm the trend wen 5ema & 12ema will cross, so do you getin before the RSI & 5/12cross ...

New profitable System - Sidus

Hi Gav, thanks for the EA. i had a quick view at the ea, and noticed that you have put conditions that for BUY signal RSI has to be >=45 and for SELL signal RSI has to be <=55 , now this could be one of the reasons EA is only opening long orders ? I ...

New profitable System - Sidus

I am testing the ea, and looks like the ea is only checking for 5/12ema cross and if RSI is above or below 50level, i think its also good to check if there is a cross of RSI with 50level, seems the 5/12 is really good if there is actuall RSI cross ...

New profitable System - Sidus

Yardie, is it RSI 21 ?

New profitable System - Sidus

TS#117 stopped out

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