Types of Channels
Horizontal
Ascending
Descending
They don’t have to be symmetrical
You want to enter when the stock breaks the channel marker (either up or down)
You want to wait for volume confirmation
The longer the stock stays in a channel, the healthier it is
★ SUBSCRIBE TO MY YOUTUBE: ★
http://bit.ly/addtradersfly
★ ABOUT TRADERSFLY ★
TradersFly is a place where I enjoy sharing my knowledge and experience about the stock market, trading, and investing.
Stock trading can be a brutal industry especially if you are new. Watch my free educational training videos to avoid making large mistakes and to just continue to get better.
Stock trading and investing is a long journey – it doesn’t happen overnight. If you are interested to share some insight or contribute to the community we’d love to have you subscribe and join us!
STOCK TRADING COURSES:
— http://tradersfly.com/courses/
STOCK TRADING BOOKS:
— http://tradersfly.com/books/
WEBSITES:
— http://rise2learn.com
— http://criticalcharts.com
— http://investinghelpdesk.com
— http://tradersfly.com
— http://backstageincome.com
— http://sashaevdakov.com
SOCIAL MEDIA:
— http://twitter.com/criticalcharts/
— http://facebook.com/criticalcharts/
MY YOUTUBE CHANNELS:
— TradersFly: http://bit.ly/tradersfly
— BackstageIncome: http://bit.ly/backstageincome
source
Thanks!
good stuff you can also trade inside the channel if you are precise enough and have a volume confirmation at the bounce and ofcourse the channel is big enough that you have a nice risk to reward ratio
how do you setup a trade on the breaks? ?
When you say "wait for volume confirmation"…lets say the price breaks up (or down) but the volume is 50/50… what is the actual "confirmation"? Thx
Sasha have you seen this site? http://stocktwits.com/howardlindzon check it out. I think you would get a big following.
please upload video about adx sir
very good
This question is a bit off the topic. But what are your thoughts on EasyForex for first time investors?
😀 Just so happeneds im in a channel AS WE SPEAK… Thanks 😀