no i am not but i have given serious consideration to living there.

34ema/atr

The pictures are meant for illustration purposes. All that matters is that you have a trigger at the outside channel. Then you wait for your entry at the 34ema. Sometimes it is at the ema sometimes it is not, unless you have a market order waiting ...

34ema/atr

marwan2010, your settings look ok. According to your chart this is the ideal play. Let me know if you have any more Q,s.

34ema/atr

folks this is the latest trade off this system, i did not take it as i had another trade on from another currency , different method. I never take more than 1 trade at a time unless % risk allows it. Anyways it was a good, no wait a very good setup.

34ema/atr

hi marwan2010, i cant make out the details on chart, but for starters i can tell that your channels are not exponential. Care to magnify that pic? thanks.

34ema/atr

hi coolshades, it is called 34ema /atr because i began taking stops at 2 ATRs and later abandoned that idea since it did not statistically hold up.

34ema/atr

gblair is right, the middle line is 34 EMA. Thanks guys for all your interest, it`s that 2nd opinion that makes you see anything that you may have left out and more important help you build your confidence in a system by forcing you to confront ...

34ema/atr

hi currencytrader, thanks for your interest. I have to say that i have seen enough of these setups from all the metatrader data i can get my hands on. Let me know if you have any more thoughts on this. cheers.

34ema/atr

i did just put the arrow in a late spot. Entry is very simple, ema 34, nothing confusing about that.

34ema/atr

i always break even @ the channel then trail profits from here with a fast moving stop. <20 pips = B/E 40 pips= lock in 10 pips 60 pips= lock in 30 pips 70 pips= lock in 50 pips 80 pips= lock in 70 pips close trade @ round numbers. for example 1.9600

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hi fewhills, i usually enter immediately on retrace,as soon as price touches the 34 ema. I find that when i throw in too many rules, then it becomes harder to pull the trigger hence lost opportunities. The setup happens often enough with regularity ...

34ema/atr

hi dfltrader the blue lines mean nothing, it should look like this. Sorry for those that got confused by it.

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it`s a 34 ema with a +1 channel added to it, it serves no purpose. Sorry for the confusion.

34ema/atr

hey there buddy, you seem to be posting in the wrong thread. jacko does not run this thread, he posted a reply. Unless you are posting towards this thread, reserve you opinions and correspondence with jacko to another place. Thank you.

do currencies have their own characteristics?

thanks for your interest, the envelope indicator is in all metatrader platforms and no i do not use bolinger bands, i keep it simple unless it gives me a real edge.

34ema/atr

right now!

34ema/atr

this is from yesterday

34ema/atr

here is a template for those interested, remember this is only for CABLE 5 minutes, can be changed to fit any security. Sure there will be some losses but with proper money management you start to take those losses with a smile.

34ema/atr

mas

34ema/atr