Closed all at 1.2065. Had to absorb NFP, but overall system still showed short. +47, +25 respectively. whew...
JR I use a similiar strategy to this but I use Keltners for my one and two standard deviations. Direction off the Daily first then hourly then 15 min trigger. I prefer to use Candle structures for entries over line 123's. Here is an example on a CAD trade this am. http://charts.dacharts.com/2006-01-09/SSP02.png
How many periods are you using for the channels? The images I post don't show the candle stick charts I look at that have similar channels to your keltners.
15, 30, 60, 180 and Daily. Top down always before any trade is taken. So Daily keltners give the general trend direction Longs, Shorts or No trades, it will also tell you how aggresive you should be on the shorter timeframes. The 60 must confirm the Daily and then the 15 is the trigger timeframe. The other timeframes are best used for targets and stops.
EURUSD Looking to go long in the 1.2020 area and/or confirmation around 1.2050. Also looking to short around 1.2097 - 1.2087. Lots of mixed signals going on.
Confirmed at 1.2050. Initial target is 1.2090 area. www.4xmadehard.roxr.com/charts/PTS_01-10b_1.gif www.4xmadehard.roxr.com/charts/PTS_01-10b_1.gif
Good job JR. No definite indications ~10PM. Early day today and could not stay up last night. No trades entered.
1.2108. Close enough. Profit taken. +58 +38 = +96. Tempting to go long again at 1.2070 with a hard target near 1.2090 for the shoulder section I see forming. If I get confirmation, I'm taking it. I may watch for more signals during US session, but it's pretty hectic at work the office right now. 96 pips is pretty dang good for a range day. ATR on my system for the Euro has dipped under 100 pips to 97. While my conservative ATR is only 45 and the median ATR is 70. Today's candle range from top to bottom is only 74 so far.