258# Scalping with Grucha Channel
Channel Trading Method
Submit by Janus Trader01/12/2012
Time Frame:15 or higher.
Pairs:all
Grucha Channel (15, 1);
Long Entry:
When the price close below Lower band Grucha Channel , for Buy, wait, that the price cross above the middle band red. Confirmed by Bollinger band W red.
Short Entry:
When the price above Upper band Grucha Channel, for Buy, wait, that the price cross below the middle band red. Confirmed by Bollinger band W. Red.
Exit Position
1)Stops are placed 10 pips above or below the middle bands of Grucha Channel ;
2) Trailing Stop;
2) Trailing Stop;
-
Profit Target dependes time Frame and Currency Pairs (recommended):
15min: EUR/USD, 9 pips GBP/USD 12 pips
30min: EUR/USD, 14 pips GBP/USD 18 pips;
H4:60 pips EUR/USD, 70 pips GBP/USD ;
Daily: 200pips EUR/USD , 250 pips GBP/USD ;
Grucha Channel in trending market
Submit by Janus Trader 02/12/2012
Trade only in the Direction of the trend.
Indicators:
Grucha Channel (15,1);
Goldiminer II
Long Entry
Wait that the price close below lower band.
Buy when the price cross upward middle band and Goldmine is blue.
Short Entry
Wait that the price close above upper band.
Sell when the price cross donward middle band and Goldminer is red.
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