The PriceChannel has a 20 day period (4week) but what about the upper range and the lower range ? I use an upper range of 2 and a lower range of 2. the signals are very clear and work really good for geman indexes (Future-DAX, MDAX-Future). can somebody confirm that ? which upper/lower-levels do u guys use ?
I don t know which software u use...but my trading software has besides the 20day period an upper/lower range. so it looks like this: PCH ( Close 20, 2, 2)
resists and supports work, thats why the 4-week-rule works For this year i m up 75 %, believe me it works !
Then maybe you should Re-word your original post to "How do you guys use support and resistance"? Good job on your 75% gain. But paper trading accounts don't count! 1000% on Zero is the same as 75% of Zero.
Thats not the point, i know how to use resists and supports. I started with 300,000 ⬠this year, ok thats not a lot, but i just turend 25 and i know how to trade at least my equity curve knows it my question aims at the upper and lower range, if u don t have a clue what i m speaking of, just leave it to post a message Got me ?