NeeteshJain

Educational 04: How To Trade Channel Breakouts?

FX_IDC:EURINR   EURO / INDIAN RUPEE
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This is the fourth education series on Channel (link of Educational 01, Educational 02, Educational 03 given below),

In this educational post, I cover up points that provide opportunity to trade breakouts in channels and also managing risk while trading it.

Steps To Follow:
Step 1: Confirm breakout with volume
Step 2: Wait for retracement back to trendline and formation of V shape
Step 3: Take action at pullback with additional indicators to manage risk
Step 4: Increase position sizing once it may go in your way.

I shall be sharing the examples of it below


Purpose: To educate retail traders like us in order to build confidence in their trading and make inform decisions and become consistent 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
Thank you Neetesh, this kind of information and training is very useful for novices like us. Really appreciated :-)
+1 Reply
NeeteshJain ShanTrader
Thank you Sir for your kind appreciation. Share any chart of similar pattern if possible, will improve your learning curve. Regards.
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ShanTrader NeeteshJain
:-) not confident as yet. But learning the ropes and hope to share some ideas soon. Thanks once again for the support and encouragement.
Reply
Very nice idea, my compliments.
+1 Reply
@JazzForex Thank You Sir. Regards
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very good information for learning .Thank you Neetesh.
+1 Reply
NeeteshJain bhaskarpenny
@bhaskarpenny Thank you, wish you gain something out of it. Regards
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Tata Steel channel breakout completion is in progress, get the best out of it.
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JSW Steel Example, Breakout, confirmation and then V-shape confirmation.
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DLF - Breakout, Confirmation of V shape and then follow through.
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