March 5, 2009
Trending Chanel – Trading Strategies
By Planet Wealth
Sometimes, the simplest and most obvious of strategies can give the best results.
Here is one simple one that is producing many opportunities in this climate now.
As a stock confirms a channel, identify the direction of up or down. If it is a down trending channel, look for small positions only and long positions for an up trending channel. Doing this increases probability of a successful trade.
Here is an example of a long position on an up trending channel. Each time the stock pulls down to the bottom of the channel, wait for a touch, then a bounce with supporting volume and indicators. The highlighted bounces are possible entries.
Vist our live trading room to increase your trading results: Click Here
Topics: Stock Charts, stock market, Technical Analysis, trading patterns | No Comments »
