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Here is the current channel into which the Euro has been moving over the past few days. I have used a 24128 tick chart, ie, 1508 x 16. Each bar is approximately 55 ticks wide (average size). I thought it might help.
I would like to thank all members who participated in Big Mike's trading contest. All participants did a great job in presenting methods on how to trade.
Thanks to Big Mike for this forum where traders come together from around the globe to help each other find ways to help their trading. futures.io (formerly BMT) Rules !!!!
Thanks to Big Mike for running the contest and his exceptional generosity in doing so
I have recieved the Ipad2 and my family and myself are enjoying it, thanks to all who voted for me and I hope you find success in the method I presented
Charles, i saw your video and as usual this is quite relevant info. There was a potential setup that occured at around 9:45 CST or 10:45 EST which is interesting and may seem difficult to evaluate but i am ready to share one of my closely guarded secret as you have been so generous with us.
I mainly use this approach to better time my entry when a congestion is forming right at a resistance or support. As you'll note, i am using the MACD with Bollinger bands to time my entry and to detect when price is most likely to make an attempt at breaking the ice. This interpretation alone has saved me lots of money.
thats a nice post TIYF, the MACDBB is a good indicator. I do feel that it is very complicated indicator in the sense that it takes a lot of work to master what the indicator is telling you so you can use it as an effective part of your trading style
In my personal experience i have not been able to establish a reliable way to use it and that is why it is not part of my method
In this case, my intent was not to add or remove anything to Charles's method. Indeed, my intent was to share some of my experience with the MACD which i find extremely good for certain task such as evaluating when a breakout is more likely to occur. Next time i will think twice before sharing my thoughts and experience in this thread. You can keep your two cents.