4 hour chart — I will post this chart later because I want to give people a chance to look at what I am seeing. I am a believer that the longer the time frame the more signifigant the S/R etc. So take a look at the 4hr NZD/USD chart and zoom ...

Stairstep trading using the SQ dynamic indicator

reason to close — Oh and one morething Did you se ethis Favorite. A realllllll realllll good reason to close that long. How about a triple top on the 4 hr chart if it doenst get thru I amk out with 49 pips Trade number 4

Stairstep trading using the SQ dynamic indicator

This is the start of the current NZD/USD trade. We will call It trade#4 The trade was taken long during the US session. The trade was taken beciase of the uptrend. That moved price thru the CZ

Stairstep trading using the SQ dynamic indicator

update — I have closed the overnight trade for a total of 42 pips. So the stats since we actually started trading this are as follows 3 trades Total Pips Gained 39 Trend Trades Trades Wins Losses Pips Biggest Loss Biggest Win 1 1 20 20 Counter ...

Stairstep trading using the SQ dynamic indicator

update — I currently have 23 pips on this trade. but am moving stop to even. The top of this box coincides with the 38 fib. I knew that going in but decided to take the risk. No reason to risk a loss on this one. It is after all a counter ...

Stairstep trading using the SQ dynamic indicator

Trade taken — I have placed a long trade on the AUD/USD. Filled at 1.0253. This is counter trend to the 4hr and daily trends. So the risk is half that of my normal. I risk $1.00 per thousand normally. So for this trade I am at .50 per lot per ...

Stairstep trading using the SQ dynamic indicator

good point — Thanks Pixel a very good point. I have 2 main rules that I try and trade by they are: Is it logical If my "professinal money manager" was going to do this with my money would I kill him. If you wouldn't allow someone else to do ...

Stairstep trading using the SQ dynamic indicator

sorry — Here you go NOTE : this is not my indicator it was obtained thru this public forum. The indi was developed by Squailor

Stairstep trading using the SQ dynamic indicator

sort of my sentiments — I cant say that I disagree with you. I am not sure that the indicator itself will work in reagrds to finding the channels ( CZ zones). It missed one last night that we spotted by ourselves. None the less I will continue ...

Stairstep trading using the SQ dynamic indicator

22/15/30/false — Chart with SQ at 22/15/30/false

Stairstep trading using the SQ dynamic indicator

update — I was stopped out on my long trade for a 20 pip gain I was unable to get short on this latest freefall in GBP (mainly because I was sleeping). The indicator failed to draw any CZ's after the one now seen on the bottom of the chart. ...

Stairstep trading using the SQ dynamic indicator

break — Previous mentiones zone now broke just short of its projected run

Stairstep trading using the SQ dynamic indicator

1 hour rising — There is also a nice up channel forming on the 1 hour chart. My stop is below that as well

Stairstep trading using the SQ dynamic indicator

current trade and plan Asia 4-10 — Ok so We have another 30 pip CZ forming on the current long trade. I am filled on that trade at 1.5884. The fib for the day puts the 61.8 down at 1.5865 There is also a trendline forming on the 15 minute ...

Stairstep trading using the SQ dynamic indicator

GBP 4-10 Asia — Here is current GBP chart for Asia open I am still long Can you see the new CZ forming?

Stairstep trading using the SQ dynamic indicator

Eur 4-10 — Current Eur asia open

Stairstep trading using the SQ dynamic indicator

updates — Ok so I am still long my gbp trade from earlier in the day but first and update of charts. The settings again for the indi are as follows. 22/15/30/true

Stairstep trading using the SQ dynamic indicator

current long

Stairstep trading using the SQ dynamic indicator

darn — Well we stopped out on our counter trend trade for a 23 pip loss. We are now long on the trend on the break of the channel from last night. Target in this trade 30 pips the (the distance of the current channel). Since this is not ...

Stairstep trading using the SQ dynamic indicator

DOOOH — Not the type of candle I like to see when taking a counter trend trade OH well

Stairstep trading using the SQ dynamic indicator