Channels



Channels are basically two parallel TL drawn on the chart, that incorporate LL together with HH of PA's terminal swings. There are many ways to merchandise channels.

1. The mutual purpose of channels is to merchandise it as Trend Lines BO or Pullback ( rejection ).


2. Also, when the formed channel is horizontal nosotros tin merchandise it every mo S/R Lines BO or Pullback ( Rejections ).



3. BO Boxes Channel Trading Strategy

After nosotros institute a channel on higher TF nosotros tin lower the TF to M30 to honour our initiative off BOX. Then nosotros tin purpose it to conk on add together positions or to deed SL until BE.



Also using same technique amongst boxes, y'all could of predict the drawn channel forming since beginning. All y'all accept to produce is to honour initiative off pullback together with brand a box of it.



Sl would last reverse BOX direction. You tin add together positions, deed SL ( BE ) when it's BO of the BOX, or purpose Trailing Stop = BOX pips. ( HH-LL ).

From my sense this move meliorate on London's opening together with no of import intelligence inward that twenty-four hr stream for the distich y'all trade.



Best Regards,
^^_Lord_Ice_^^

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