CONSOLIDATION CHANNEL PDF Print E-mail
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Tuesday, 09 February 2010 08:57

Channel Consolidation occurs when prices move sideway.

Strategy 1: To channel the range <20 pips, add 30% of the range of channels on the resistance level as BUY order entry, reduce the resistance level range of 30% of the channel as SL. And vice versa for entry SELL order.
Strategy 2: To channel with a range> 20 pips, we can take advantage of fluctuations in the price range. For the range in three areas, 30%, 40%, 30%,

 

CONSOLIDATION CHANNEL

 

 

 

 

 

 

 

 

 

 

 

If the price reaches 30% of the area noticed the signs of reversal, if it occurs in reverse order: SELL 30% of the area with the target in an area 30% lower. And vice versa. Use the maximum SL 20 pips. Watch your indicator is always to anticipate trend changes direction.

 

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Last Updated on Tuesday, 09 February 2010 09:09
 

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