Traders handle channels differently. Some traders bet on long shots, they tend to buy upside breakouts and sell short down-side breakouts. When they see a breakout from a channel, they hope that a major new trend is about to begin and make them rich quick.
In the other hand, some traders trade against deviations and for [...]
Posts Tagged ‘Channel Trading System’
Trading with Channels
Posted by Taro on June 15th, 2010
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Channel Trading System
Posted by Taro on June 15th, 2010
Prices often move in channels, when prices rally, they often seem to stop at an invisible ceiling. Also, when they fall, they often seem to hit an invisible floor as well. Traders can use channels to identify buying and selling opportunities and avoid bad trades.
Channels help traders because their boundaries show where to expect support [...]
