How To Read Channels

[elovemer]

lots of signals
..... big one is the most interesting

 

[elovemer]

15m ym

 

[inks2002]

just started using thinkorswim and was wondering how do you place the dotted lines in the middle of your channels?

 

[inks2002]

eur/usd 1hr chart. downward channel broken, possible new upward channel....

went long at 1.4589 after retry to enter the channel at 1.4678. stop at 1.4565.

i usually trade off of median lines/forks and action reaction lines. would you mind some median line postings?

 

[inks2002]

chart...

 

[elovemer]

....

 

[inks2002]

Quote from inks2002:

just started using thinkorswim and was wondering how do you place the dotted lines in the middle of your channels?

 

[elovemer]

...

 

[inks2002]

longer term....started out with a weekly 20 year chart...drew a double top line from our last SPX high, then drew a channel down.....

 

[inks2002]

zoomed in a little and drew a fib retrace from our recent high to low....that 1121 mark (50 percent retrace) looks like a nice third hit on the downtrend channel to start another move down....maybe, maybe not, we'll see...