Recent content by Miki256

Hmm.. it looks like a nice channel. However I always advise against taking any trades in the GBP\USD, it is an highly unpredictable pair with little respect to technical analysis. This particular case may also be interpreted as a Double Top, with the second top slightly below the first one. A...

This moving average is on of the fastest, put it near any other MAs and you'll see the difference. Check the screenshots to experience its behaviour. Download it here Download FastMA Here Good Trading!

HEY GUYS! After a lot of time of no updates, I am back with many analysis, trading plans and signals. For those who remember, I started the thread about the 5Min Channel Scalping... Anyway, my trading plan for the next week: Some nice patterns I have noticed: In the GBP\JPY, there's a nice...

I have added a video guide to the system, to illustrate how I trade it: Michael's Forex Trading: 15M Channel Trading: How-To video

Simpler is usually better. Not just in trading. Weekly Results The system produced +1.4% gain on equity the past week - with two trades in the Japanese pairs. Total gain since beginning the posting: +9%, risking 1% of starting equity in each trade. You can easily gain bigger profits by risking...

Updates 4 Potential Setups: NZDUSD, 15M NZDJPY, 15M EURNZD, 15M EURCAD, 1H Good luck.

This is a weak channel, as it already broke once and got back inside. I wouldn't trade these formations - I like channels which are strong, and their breakout is strong.

Updates I looked again at the EURJPY, and added it to my trading list for today - and it made +2% until now - so Thanks BBMAC for pointing that out :) The setup in the USD\JPY also was traded, yielding about 1%... and take profit is still far. I hope you took the trades. BTW KillPhil08 -...

EUR\JPY: The upper trendline is virtually invisible. Looks much like a Wedge to me. EUR\USD: Nice channel, I am trading it. As well as the USD\JPY. The USD\CHF channel is very messy; The GBP\USD seems nice (and correlates with EUR\USD which empowers it). The GBP\JPY channels looks very good...

Nice catch on the GBPUSD :clap: Anyway, some updates Well, it has been a good week. 3 Trades, 3 wins. I hope you enjoyed and profited from the signals. I will post my trading plan for next week at Sunday, until than - Have a great weekend. In case any questions are raised, I am here, do not...

The signal looks great, but yet I advise against taking any trades on the GBPUSD. GBPJPY channels looks nice too. I'd be trading if my spread was lower...

I beg your pardon?

I think it is much too narrow - wouldn't take it.

Yep, anyone who took the trade made 70 pips (or 2.4%) in about an hour. That's +7.4% this week. KillPhil08: From my experience taking pullback shorts from ascending channels proven well-worth the risk. But there are opinions as there are traders... :-)

I always mean Channels. :) Triangles are one of the worst chart patterns, very poor performance and rarely reach targets. Thanks for the rep :D Hey GCC, I wrote an extensive guide to the system (the one you linked to). Tell you more? Of course. It is a system based on moving-average...