How To Read Channels

[elovemer]

ET .....stands for ..... ergo trader.....

 

[shawncnca]

SSE Composite Index

15min

 

[shawncnca]

15min

 

[elovemer]

...30 min trading hours...

EDIT.... thanks shawncnca

 

[TraderZones]

is there a point to all this? I looked at some charts, and it basically seems like an exercise in futility.

 

[elovemer]

10 min globex

 

[elovemer]

30 min globex
..... edit.... that 802 is the 4th hit on this channel....
..... you don't get much more than 4 hits before a break out ... on a swing channel

 

[elovemer]

10m globexx

 

[elovemer]

.... if it breaks thru the bottom of this channel in real time....
.... then could be going for that 730 open put interest.....

Quote from elovemer:
30 min globex
..... edit.... that 802 is the 4th hit on this channel....
..... you don't get much more than 4 hits before a break out ... on a swing channel

 

[elovemer]

same.... hour... globex.....