How To Read Channels

[jack hershey]

Quote from 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.....

shows the end of JUN06 quite nicely Thank you

 

[elovemer]

....daily

 

[elovemer]

.....

 

[elovemer]

weekly

 

[inks2002]

possible new EUR/USD down channel on 1h chart...

 

[elovemer]

....PM me
... i don't know what you mean

Quote from inks2002:
just started using thinkorswim and was wondering how do you place the dotted lines in the middle of your channels?

 

[inks2002]

new channel up on EUR/USD? possible break of down channel...ignore the 50sma

...also I figured it out...right click on the channel, edit properties, and enable the 50 percent channel curve...

 

[elovemer]

if it gets above that centerline.... then target becomes bigger

Quote from elovemer:
weekly

 

[inks2002]

really liking this eur/jpy channel....

 

[inks2002]

one last push possibly for a third kiss of the very top channel line??? /es daily