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Xpurt, In re-reading the thread I've been thinking about the lower green line you posted in this pic earlier on. I notice it "worked" as S/R at 5am and again around 9am, but what caught my eye is that it didn't start in the traditional way. I had never considered this before, but we...

Here's what I'm seeing on the weekly bars.

And here's how things played out. I was watching in real-time until around 3am or so. After price broke out of the red channel and started climbing it found resistance at the yellow channel for a short opportunity (first red arrow). To be honest... the second and third trades are...

Here are two channels I drew on the 5-min euro chart last night. The red one drawn across the highs and copied down to the low. The yellow one drawn across the two lows and drawn up to the high on the left. This is what things looked like around midnight eastern time.

Yeah, I noticed those same two orange trendlines as Xpurt. What I would say in both of those situations is that you have a lower high in place, so a trend reversal is a possibility. You can still trade long but you've got to be aware of the resistance overhead. You can either sell at...

Last chart for the day. Dont want to overdo it. Here's how I see 1-hr ES. So if you bought the test of the lower blue line this morning, then as long as that line holds you're holding long for a visit to the upper blue line. If you're flat, you could enter long on another test of...

I noticed your post the other day and have been watching the trade. Looks like it's working out so far.

I was thinking along those lines today. I wouldn't mind getting away from all day chart-watching. I guess it's force of habit to try to learn this new method on smaller timeframes, because that's what I'm used to working with. It seems cl and 6e give more opportunities on a 5 min timeframe...

Here's the final channels chart on the 5-min. Looks great in hindsight with the two long entries at the 20ema at 12:20 and 13:00 targeting the upper limit. Wish I could say I saw them in real-time, but unfortunately I didn't mark the purple channel in until price was almost at the upper...

Which one of these channels is the best? Any thoughts guys and gals?

Thanks. What is a minor double?

Thanks NoDoji for the responses yesterday - much appreciated. Here is what I have been seeing in ES today. I consider the 7am touch of the 5-min lower channel limit a buy because it coincided with the 1-hr lower channel limit. After the 9:30 low, I drew in the up channel shown on...

Yeah, I know it isn't a very important stat. Just curious is all. I figure 40-60% for most.

To the consistently profitable traders: On average, what % of your trades are winners?

Here's the 5-min. Couldn't get too charts in one post.

Any feedback here would be welcome. Here is my 60-min down channel I mentioned earlier. I've been managing the trades on a 5-min. Shown here. On this mornings test of the upper limit, my idea was to short the first sign of rejection, first red down bar on the 5-min (orange...

Tough one here... metals' nuance short entry made its target, but you would have been stopped out on that big wick a few bars after entry. Though I should add.... if you were managing the entries/exits on a smaller timeframe you may have been able to re-enter short. I wonder what...

You guys have got me hooked. I was experimenting with channels over weekend and like what I see. ES ran up to my current upper channel line this morning, and has pulled back off it by 10 points as of this writing.

Just for fun, here are some trendlines I marked off in hindsight. These possible tl's could have been in play this past week. Did any of you have these tl's on your charts?

I've never been able to get the hang of trendlines or chart patterns. For whatever reason I'm not able to pick them out in real time. The only one I have any success with is the triangle, like this one I noticed this past Wednesday.