I'm sensing the altruism. Fine.
However see nothing new here....draw two lines, connect highs and connect lows, continuation pattern. Wallah a channel. I use em everyday. On multiple TF's. Trading 101 stuff. Epiphany? No.
Its totally phony. Anyone in the biz knows it. Use CFD's. LMFAO!!
Not necessarily. He's clearly not stateside, so CFDs in any European shop (IG, etc) would be completely fine and the best for anyone under-capitalized. A much more prudent setup with guaranteed no debit on those accounts and no restrictions on trading. Wider spreads encourage a longer term approach to overcome the edge loss.
It's obviously a worthless recommendation for US traders, but think beyond 'Murica here.
but i asked whuts best for daytrading.