Hello everyone,
I admit this is one of the setups I like most, many people frown when they see side markets. Because most of the times they lack volatility - yet, sometimes those beautiful long range channels show up. Allowing you to "ping-pong" as long as they hold. Usually, you get 2-3 bounces before they cease to exist. Look for behavior similar to this in other assets and then just apply the strategy.
Channels within a 10-30% range offer around 0.2~0.5%/day avg profit
Channels within a 30-60% range offer around 0.5%~1.5%/day avg profit
For this strategy, I'm only using one indicator: Spectro M2
The only features I'm using on the indicator is the main Spectro Oscillator with the aggressive preset and one of the pivotal leveling tools offered.
I'm not using any other confirmations but since it's a W chart, you can use XConf Algo with aggressive settings(you'll notice a small green arrow, that's the extra reversal confirmation that appears less often)
I admit this is one of the setups I like most, many people frown when they see side markets. Because most of the times they lack volatility - yet, sometimes those beautiful long range channels show up. Allowing you to "ping-pong" as long as they hold. Usually, you get 2-3 bounces before they cease to exist. Look for behavior similar to this in other assets and then just apply the strategy.
Channels within a 10-30% range offer around 0.2~0.5%/day avg profit
Channels within a 30-60% range offer around 0.5%~1.5%/day avg profit
For this strategy, I'm only using one indicator: Spectro M2
The only features I'm using on the indicator is the main Spectro Oscillator with the aggressive preset and one of the pivotal leveling tools offered.
I'm not using any other confirmations but since it's a W chart, you can use XConf Algo with aggressive settings(you'll notice a small green arrow, that's the extra reversal confirmation that appears less often)
