This is how I use the second method ( the pic posted in post 3).
Indicators:
It is a channel break-in method, The channel is Keltner and the method is very simple when the pair move out of the channel you wait for it to cross back into it.
And a heiken-ashi smooth.
ADX:
My seting is 6....the green line is the strength and the blue (long) red ( short).
FX sinper's logic with trigger:
Setting 2,10,1,2....
Forexfreedom:
set, with 15, 30min,1hr and 4 hr...
I use the forexfreedom only as a trend guide, I find it very handy to be able to see the trend on 4 time frames at one time..
Entry:
In pic 1 you will a setup for entry the next candle after the red line show's the following,
Middle of the channel, sinpers has crossed, ADX blue and green lines are moving up together and the HA is blue. also note the Forexfreedom is all blue showing a overall up trend..
So we enter with the trend..
EXIT:
Pic2.. see the ADX blue line has started to move back and the sinpers is turning... also note we are now out of the channel ( overbought).
Pic3...ADX green line is now turning down and snipers as crossed...
You could enter here for a quick short ( high risk) if you look at the forexfreedom you will see we have a strong up trend still, so a position short now will be against the trend and if you take a trade look to the middle of the channel as your exit.
Pic4..Note we hit the middle of the channel and the adx is showing weakness ( green and red turning down and sinpers is oversold ) If you took a short exit.
Pic5...ADX blue red cross sniper cross enter long..
in the last pic you will see the pair moved up again outside of the channel, and you can see ADX went into overbought and turned down , the snipers crossed so exit..
again it moved back to the center of the channel with the trend still long so again trade short with caution..
The Heiken-ashi I use as a guide the length of the candle indicating the strength of the move....as it narrows look for a change...
This was a example of trades on the 11th April over some 8 hours...
Again I think I have covered enough for you to set it up and try it, please try it on a demo and see if it suite you...
This is my method I have cobbled together from many different sources and many years of trying method's.. None of it is new I dont say it is or its my system, I have borrowed it from many and I thank them .
It works for me it may not work for you...
If anyone try's it I would intrested in your feedback...
ET...you may find this intresting....
Regards Glenn