Thursday 12 March 2015

March 12, 2015









8 comments :

  1. Again, I love your charts. I have a few questions, if you don't mind: 1) why do you draw so many trend lines within a single channel? 2) Is this a method that has benefited your trading and is unique to you? 3) Is there some kind of fibonacci relationship between the multiple channel lines?
    Thank you!

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  2. Hi Mark,
    I call them internal supports and resistances. After identifying upper band lower band I also look into those internal dynamics to see how the prices will move within the boundaries. I also use the internal structure to be sure about the upper and lower bands. When I have a candidate for a channel, I look how the internal lines fit within the price structure. If they fit nicely I can be sure about the upper band lower bands. There is not Fibo relationships between them. This is my style. I haven't seen it anywhere else. People usually plot only the channel, Take a look at GBPUSD chart I posted on twitter today and see how the internal lines fit the price action.

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  3. what is green exact channel level in chart FTSE to bounce or break?

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  4. Thank you for responding! Very much appreciate this, as I'm trying to learn more in my trading endeavors. Your channeling technique is so simple, yet very descriptive - if that makes sense.

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  5. Sam,
    You need to plot those channels and decide for yourself. That would be learning.

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  6. Simple but not easy :)

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  7. yes, am i been following your charts and tried to replicate them in IG but failed to get 'look a like' charts. I think you might be on a different platform/service provider. Can I ask which platform/service provider you are using?

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  8. In most channels of long term, I use log scale as in FTSE. Try using logarithmic scale and then compare.
    I use Saxobank's platform.

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