I suppose entry is only after closed candle. Where are sl and tp levels? I see 2 sensible sl : very tight one and right below (above) last swing low (high). 1st sensible proft target for me would be midline

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Indeed, only now mentioned it is in "Trading systems"... my bad. What is 200sma equivalent on smaller TF's?! I tried to... but I couldn't find any with so much respect.

Different views of the 200 day SMA?

Interesting and simple approach. Thanks for sharing and nice explanation. P.S. Those buy/sell lines are a bit distracting. Made me think when and why you have entered. plus you have a position on every pair...

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I am not sure that I understand what you mean. Did you wanted to say that you were really confident about that trade so you just didn't want to be taken out prematurely... just in case price goes a bit higher than normally to reverse back!? P.S. If ...

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100 pip sl feels very wrong to me on EURAUD. The trend is up big time and you are taking 1:1.1 risk v reward.... I feel like in situations like this (where you are kinda trying to catch top) you should use tighter stop loss, if you are right.. it ...

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Lower channel line established only 2 bars ago... it might as well change soon. I think the real trade was at that support level where previous candle bounced off (with tight stop loss of course). Edit: I am sorry, channel line was already there. I ...

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After thinking more about this, my previous replay probably sounds like suggestion to catch a falling knife... The main idea what I wanted to say is: maybe it is better to look at a channel lines a potential reversal zones and wait for good ...

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Great stuff. Thanks for bringing up those indicators, superb. A question about entry rules. It is stated in the OP that we need close outside of the 4h channel and then retrace back. How about entering right after we hit channel?! 1st big upside is ...

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