Forex Channel Trading



A video on trading Forex Channels and how to discover where price is likely to break the channel. Visit http://2ndskiesforex.com/ for more techniques on learning how to trade forex.

Comments

  1. is this the equidisant channel tool of mt4?
  2. @SecondSkies That's great Chris, I guess truly learning to read PA is a matter of putting in lots and lots of chart time, I must say that I've picked up some great ideas from your videos that I'm working into my technique. Thanks...
  3. @SilverShamrock71 Hello Silver Shamrock, On the smaller time frames you will have to be more selective but the bottom line is the pattern is still effective. I have a video where I demonstrate it on the 1min time frame and it works. The model is essentially effective on all time frames. Hope this helps and good luck trading! Chris Capre
  4. Chris, just using this on eurusd right now combined with a test of the 100 day SMA, but how effective is it on 5 and 15 minute charts? In your opinion... Jon
  5. Hello Gaza, If you go through the video again & do exactly what you said - cut off the breakout, you will see the following; 13 candles in upper channel (41.9%) 18 candles in lower channel (58%) Total 31 Thus there is not an equal amount of price action in both halves. This is the point of the method - to find these environments with a quantitative difference and in this case 17% is quite a lot which suggests where the next break will be. Hope this helps and good luck trading!


Additional Information:

Visibility: 9110

Duration: 5m 9s

Rating: 41