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
" Sell at 3rd touch point of Higher High with additional indicators Confirmation "...why sell at 3rd HH and not a buy at 3rd HL?
UnknownUnicorn330774
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Hi..
Please check the LT Daily chart.. Are the channels marked correct..
What will be the upcoming trade opportunities?
Thanks..
InsiderB
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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 !
UnknownUnicorn330774
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Thanks
gameofmoneys
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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?