Recent content by ContraTrader

Nice thread. I used to trade channels a lot, especially pullbacks after they were broken. Gives you high R:R setup with great win percentage. The only drawback is separating the channels from wedges.

Identifying S&R levels are hard because it is an art and not a science. You will not always use the lows for support, sometimes the close of the candles will provide better support lines. I have once created an indicator to identify channels. The best way to do so is to first create Linear...