SETUP 3.Entry-Condition Condition 2 In condition 2, price must have broken below/above a Key Price Structure and retraced back to it. If price is still the channel is irrelevant. In some cases price will break both the Key Price Structure AND ...

Channel/SR Strategy - My Journey in Becoming a Better Trader

SETUP 3.Entry-Condition Condition 1 In condition 1, price must have reached a Key Price Structure (First Pic - Yellow) It should not be the first touch. In other words, it should be a retest of that area (Circled in Yellow) As you can see in the red ...

Channel/SR Strategy - My Journey in Becoming a Better Trader

SETUP 3.Entry-Condition Entry condition MUST happen within your HTF, in my case 4H. If you don't find an Entry-Condition, don't bother looking in your LTF. When you find an Entry-Condition, look for a Reason-to-Entry (Step 4, which is coming next) ...

Channel/SR Strategy - My Journey in Becoming a Better Trader

SETUP 2.Key Price Structure Price Structure is what I call support & resistance areas. Look for Key Price Structure within your HTF In the picture below you can see that when price touches the channel it often creates a key structure. If you look ...

Channel/SR Strategy - My Journey in Becoming a Better Trader

How about me? I got blocked too. For what?

False Prophets

SETUP 1.Channels To look for channels you basically connect tops and bottoms of a well developed trend in your HTF. Since I'm using the 4H/1H combination. I would look for channels in the 4H, sometimes in the Daily if I need a better view. An easy ...

Channel/SR Strategy - My Journey in Becoming a Better Trader

SETUP In the next few posts I will be discussing the strategy in details. It may take me more than a day to do so. The steps are simple and will be broken down in the next few posts. Look for Channels Find Price Structures (SR) Look for ...

Channel/SR Strategy - My Journey in Becoming a Better Trader

STRATEGY: SL/TP Stop Loss goes before previous swing + spread + a couple of extra pips. This will depend in the pair you are trading, time frame, etc. You might consider using ATR to help guide your decision. I personally don't use it. Take Profit ...

Channel/SR Strategy - My Journey in Becoming a Better Trader

STRATEGY: Money Management I use 2.5% per trade from my initial capital and 2.5% from my profit. Most people would recommend using no more than 2% of your capital (This is your personal decision). Below I have a screenshot from my Excel file where I ...

Channel/SR Strategy - My Journey in Becoming a Better Trader

STRATEGY: Pairs You can use this strategy in any pair. Some pairs I consider the "fundamental analysis". For instance, the GBP pairs have been bearish and all over the map. So If I decide to trade them I will use my scalping time frame combination ...

Channel/SR Strategy - My Journey in Becoming a Better Trader

STRATEGY: Timeframe This strategy works in any time frame combination. Start by looking for 2 close time frame combination. You need a Higher Time Frame (HTF) & Lower Time Frame (LTF). I personally use 4H/1H, most of the times. If I have time to ...

Channel/SR Strategy - My Journey in Becoming a Better Trader

hahaha that is funny. I was wondering how long was going to take. You were digging too much into his scam. Btw you should pick up on your triangle thread. That was a good one. I was thinking about starting one for just TL/SR and price action which ...

False Prophets

No shit.. every time there is a new thread someone comes asking if they can make a robot out of it. Nobody wants to work for it. For most is gambling and not a job.

False Prophets

hahaha so funny

False Prophets

I got interested in ghostryder system mainly because I was looking for a "scalping" opportunity since my trading strategy is basically in the 4h/1h and I only get about 5 setups/week (that I can find anyway). But as someone said, if you have a ...

False Prophets

Well said.

False Prophets

Btw why did you abandoned the triangle and wyckoff thread? That is a solid way of trading. Unfortunately is very demanding. I've been looking for something simpler in the short term to keep using the original method in higher time frames.

Trade with 90% winrate / ghostbiker's system

Asking questions to ghostbiker just make matters worse. It get more confusing lol. That is assuming she will answer. I think it could be the translation. Anyway, you seem to be among the few ones here that actually make sense lol. I have the same ...

Trade with 90% winrate / ghostbiker's system

Im not asking anything about BO... I just asked how you are interpreting the indicators

Trade with 90% winrate / ghostbiker's system