How To Read Channels

[inks2002]

not really seeing that, care to post a chart?

 

[elovemer]

search for user
surinotes
on wolfe wave

....edit.... oh ... thank you for contributing to the thread....
..... no one else seems to use channels....
.... sad thing about ET .... 99% BS commentary and no charts.....

 

[elovemer]

....30 min ... trading hours....

...bounce off of 25% level... could be bullish thing.....
.... have to wait and see at the top wall....

 

[elovemer]

...interesting on ym
... trading hours....

....original channel shifted....

... here is the original channel....

 

[elovemer]

....new channel is shifted....

..... es has not done this but ym has....

 

[inks2002]

Quote from elovemer:

search for user
surinotes
on wolfe wave

....edit.... oh ... thank you for contributing to the thread....
..... no one else seems to use channels....
.... sad thing about ET .... 99% BS commentary and no charts.....

agreed...wish i could post more ES YM futures charts but I only have an equity account. Slowly learning. channels though are probably my favorite.

 

[ATL-FXTrader]

Wow, cool! New to this thread, but good to see many are using channels as they can be a very powerful tool to the trading arsenal. You need to use channels that have quartiles, that is 5 equal distance lines between the top to the bottom of the channel or basically 4 different channels within the MAIN channel. Watch for over bought/oversold type setups (or sells and buys) in the top of the channel and bottom quartile of the channel itself. There is an art to drawing channels but there are also rules to use to drawing accurate channels which I am not going to go over.

 

[elovemer]

.... charts are highly encouraged here....
.... posting charts....
.... posting BS commentary is highly discouraged.....
.... thanks for cooperating....
Registered: Mar 2009
Posts: 40
....edit.... use of ignore function also highly encouraged.....

Quote from ATL-FXTrader:
rules to use to drawing accurate channels which I am not going to go over.

 

[ATL-FXTrader]

Quote from elovemer:

.... charts are highly encouraged here....
.... posting charts....
.... posting BS commentary is highly discouraged.....
.... thanks for cooperating....
Registered: Mar 2009
Posts: 40
....edit.... use of ignore function also highly encouraged.....

What is your problem with my post and who the hell are you?

 

[nkhoi]

Quote from ATL-FXTrader:

..or basically 4 different channels within the MAIN channel. Watch for over bought/oversold type setups (or sells and buys) in the top of the channel and bottom quartile of the channel itself. There is an art to drawing channels but there are also rules to use to drawing accurate channels which I am not going to go over.

is it like VSE channel?