Educational 03: How To Trade Channels (Part I)
This is the third education series on Channel (link of Educational 01 and Educational 02 given below),
In this educational post, I cover up points that provide trades opportunity in a trending channel.
Steps To Follow:
Step 1: Connect Two Higher High Points to Draw a Trendline
Step 2: Connect Higher Lows points, take a buy call
Step 3: Buy at pullback with additional indicators
Step 4: Sell at 3rd touch point of Higher High with additional indicators Confirmation
I shall be sharing the examples on part 1 in next series.
What's Next:
1. How to identify trend with channels?
2. What is the right way to draw channels?
3. How to use Channels to find trades? ------------------------> NEXT
4. How to validate channel trades and manage risk?
5. Multi-time frame examples
Purpose: To educate retail traders like us, to make inform decisions and to become profitable in long run.
I WOULD APPRECIATE IF YOU COULD SHARE YOUR CHANNEL DRAWINGS IN COMMENT BELOW SO THAT I WOULD BE SURE THAT YOU FOLLOW WHAT IS BEEN POSTED AND WILL SET ME UP TO PROVIDE GREATER DETAILS IN NEXT ONE"
Thanks for your support,
Best Regards,
Neetesh
In this educational post, I cover up points that provide trades opportunity in a trending channel.
Steps To Follow:
Step 1: Connect Two Higher High Points to Draw a Trendline
Step 2: Connect Higher Lows points, take a buy call
Step 3: Buy at pullback with additional indicators
Step 4: Sell at 3rd touch point of Higher High with additional indicators Confirmation
I shall be sharing the examples on part 1 in next series.
What's Next:
1. How to identify trend with channels?
2. What is the right way to draw channels?
3. How to use Channels to find trades? ------------------------> NEXT
4. How to validate channel trades and manage risk?
5. Multi-time frame examples
Purpose: To educate retail traders like us, to make inform decisions and to become profitable in long run.
I WOULD APPRECIATE IF YOU COULD SHARE YOUR CHANNEL DRAWINGS IN COMMENT BELOW SO THAT I WOULD BE SURE THAT YOU FOLLOW WHAT IS BEEN POSTED AND WILL SET ME UP TO PROVIDE GREATER DETAILS IN NEXT ONE"
Thanks for your support,
Best Regards,
Neetesh
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