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4 Keys to Profitable Forex Trend Trading: Unlocking the Profit Potential of Trending Currency Pairs by Christopher Weaver

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Key 2 . Channels

Channel trading is a highly profitable way to trade the foreign exchange market. Unfortunately, like trend line trading, the concept of channel trading has been rather lost in recent times as the popularity of more complex indicators has grown. In this chapter, you will learn how to highlight major and minor channels. You will also learn the difference between the inner and outer channels and the projected zones which they create. Using this knowledge, you will then be able to identify exact entry and exit points and to discover how to generate consistent profits by trading with nothing more than a single channel.

The Theory

Primary strength: creates a trending range

A basic channel is made up of two parallel, single-sided ...

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