NeeteshJain

Educational 03: How To Trade Channels (Part I: Uptrend)

FX_IDC:EURINR   EURO / INDIAN RUPEE
This is the third education series on Channel (link of Educational 01 and Educational 02 given below),

In this educational post, I cover up points that provide trades opportunity in a trending channel.

Steps To Follow:
Step 1: Connect Two Higher High Points to Draw a Trendline
Step 2: Connect Higher Lows points, take a buy call
Step 3: Buy at pullback with additional indicators
Step 4: Sell at 3rd touch point of Higher High with additional indicators Confirmation

I shall be sharing the examples on part 1 in next series.

What's Next: Live Examples of Uptrend Trade Channel

Purpose: To educate retail traders like us in order to build confidence in their trading and make inform decisions and become profitable trader in long run.

I WOULD APPRECIATE IF YOU COULD SHARE YOUR CHANNEL DRAWINGS IN COMMENT BELOW SO THAT I WOULD BE SURE THAT YOU FOLLOW WHAT IS BEEN POSTED AND WILL SET ME UP TO PROVIDE GREATER DETAILS IN NEXT ONE

Thanks for your support,

Best Regards,
Neetesh
...is it because of ABCD pattern?
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" Sell at 3rd touch point of Higher High with additional indicators Confirmation "...why sell at 3rd HH and not a buy at 3rd HL?
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Hi..

Please check the LT Daily chart.. Are the channels marked correct..
What will be the upcoming trade opportunities?
Thanks..
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InsiderB chetan.gosar
In My opinion, second one on right is correct, Chetan. But for the first one, the uppertrendline can be drawn touching wicks or candles. All the Best !
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Thanks
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Dear Nitesh, appreciate your initiative for this series.
I am a newbie to market and investing, COULD YOU PLEASE EDUCATE THAT HOW TO PICK STOCKS OUT OF THOUSANDS LISTED ON THE EXCHANGES?

Thanks in advance.
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