How To Read Channels

Discussion in 'Technical Analysis' started by elovemer, Dec 8, 2008.

  1. not really seeing that, care to post a chart?
     
    #211     Mar 6, 2009
  2. search for user
    surinotes
    on wolfe wave

    ....edit.... oh ... thank you for contributing to the thread....
    ..... no one else seems to use channels....
    .... sad thing about ET .... 99% BS commentary and no charts.....
     
    #212     Mar 7, 2009
  3. ....30 min ... trading hours....

    ...bounce off of 25% level... could be bullish thing.....
    .... have to wait and see at the top wall....
     
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    #213     Mar 7, 2009
  4. ...interesting on ym
    ... trading hours....

    ....original channel shifted....

    ... here is the original channel....
     
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    #214     Mar 7, 2009
  5. ....new channel is shifted....

    ..... es has not done this but ym has....
     
    #215     Mar 7, 2009
  6. agreed...wish i could post more ES YM futures charts but I only have an equity account. Slowly learning. channels though are probably my favorite.
     
    #216     Mar 7, 2009
  7. Wow, cool! New to this thread, but good to see many are using channels as they can be a very powerful tool to the trading arsenal. You need to use channels that have quartiles, that is 5 equal distance lines between the top to the bottom of the channel or basically 4 different channels within the MAIN channel. Watch for over bought/oversold type setups (or sells and buys) in the top of the channel and bottom quartile of the channel itself. There is an art to drawing channels but there are also rules to use to drawing accurate channels which I am not going to go over.
     
    #217     Mar 8, 2009
  8. .... charts are highly encouraged here....
    .... posting charts....
    .... posting BS commentary is highly discouraged.....
    .... thanks for cooperating....
    Registered: Mar 2009
    Posts: 40
    ....edit.... use of ignore function also highly encouraged..... ;)
     
    #218     Mar 9, 2009

  9. What is your problem with my post and who the hell are you?
     
    #219     Mar 9, 2009
  10. nkhoi

    nkhoi

    is it like VSE channel?
    [​IMG]
     
    #220     Mar 9, 2009