chart — The chart

Stairstep trading using the SQ dynamic indicator

trade logic — Ok so after the intial channel break and run down in asia, price consolidated back into the orignal range. It failed to make a new high and a down trend has started to form. I sold just before the break of the channel bottom at ...

Stairstep trading using the SQ dynamic indicator

short trade taken — The indicator actually signaled a long with the default settings of 22/15/30 true. Unfortunately it is currently in the red. I decided to take a short trade and will post my logic for that trae shortly. So far if we had ...

Stairstep trading using the SQ dynamic indicator

some interesting settings — I have attached 2 charts both 15 minute time frames the first shows the Sq set at 22/15/30 false which has shown an area of good support. The second shows the settings of 1/240/30/false This second chart potential ...

Stairstep trading using the SQ dynamic indicator

channel break — Ok so breaqk of CZ has reached projected break point. I did not take this trade as my plan has been posted and Iam waiting for that trade. As I write this the trade has gone past the projected break point and a fiob trace from ...

Stairstep trading using the SQ dynamic indicator

Sq indi — The SQ indi Shows a 24 pip channel also which fits the plan for a break and test if the trend line

Stairstep trading using the SQ dynamic indicator

posts — I would like to thank everyone for there input etc I will try and get to all of your posts ans respond in time still trying to work out some rules for the system that we can all trade by. Thanks in advance for your patience Calstar

Stairstep trading using the SQ dynamic indicator

So final trading plan — Im going to look for consolidation between 1.5867 and 1.5845 which will develop another 22 pip channel. I will then look for a break lower of that channel sending price back down to 1.5823 where the 4hr trendline ...

Stairstep trading using the SQ dynamic indicator

15 minute chart — So looking at 15 minute chart as I write this the 22 pip channel has broken down and fell just short of the projected break target of 22 pips. That rule is thats a break of a channel will result in a run of that equal to the ...

Stairstep trading using the SQ dynamic indicator

charts — Here are the charts I beleive longer time frame more signifigant the support or resistance

Stairstep trading using the SQ dynamic indicator

Trade Plan 04-08-2012 — Ok so as metntioned on the previous posts charts still need to recover from low liquidity the previous 2 days. None the less here is what I think I will look for today. If we look at the 4hr chart we were rejected from ...

Stairstep trading using the SQ dynamic indicator

Easter tommorow — I gotta run see you all on MOnday

Stairstep trading using the SQ dynamic indicator

FH is this you — So do you also run Investopedia because these definitons seem alot like what you spent 5 years of your life doing I think the key word in the definition is "consolidation" I dont know I could be wrong. Definition of 'Sideways ...

Stairstep trading using the SQ dynamic indicator

really — Forex Consolidation Trading - Trade The Calm, Profit From The Storm August 04 2010 | Filed Under » Active Trading, Day Trading, Forex, Forex Technical Analysis, Forex Trading Strategies, Forex-Intermediate, Swing Trading Much like the ...

Stairstep trading using the SQ dynamic indicator

enter Mr Fib — One way to avoid using indicators for trailing stops is to use Fibonnacci. It does 2 things 1) it makes you think before you act 2) It tells you where price might go to and since we are using PA to trade we should use it tomange ...

Stairstep trading using the SQ dynamic indicator

trailing stops vs price action — So now before I take off for the night lets look at how we may have managed the trade if we had taken the first breakout. If one was to use a trailing stop indi it could create some doubt abd when in doubt one ...

Stairstep trading using the SQ dynamic indicator

SQ indicator — Here we se eteh chart with the SQ indi attached using the settings discussedat the start of the thread 22/15/30/true. As you can see it did a great job of picking CZ but hasnt drawn the last one yet. So knowing how to do it ...

Stairstep trading using the SQ dynamic indicator

here we see the steps clearly — Here we can see the steps clearly with the horizontal lines removed and the CZ as resitance

Stairstep trading using the SQ dynamic indicator

Thanks — Thanks feel free to contribute It takes a village to raise a child and make a trader.

Stairstep trading using the SQ dynamic indicator

3rd stairstep — Here we see a 3rd step and one we want to watch on monday. A break here would test the high from the previous day. Can you see the left side of the chart how there was support at the area that is now resitance. And price is ...

Stairstep trading using the SQ dynamic indicator