DislikedOn what timeframe do we use the channel dont trade close the middle of channel yes ok but on what timeframe ? Best regardsIgnored
Price must trade above (SELL) and below (BUY)the middle channel(To validate the signal) IMPORTANT
M1
Price must trade in, at least, the upper channel (SELL) and below (BUY)in ,at least, the lower channel(To validate the signal) IMPORTANT
The trade that I took this morning in M5 was not a high probability signal because price traded on the middle channel See chart below
CONCLUSION : LOST TRADE THAT COULD AVOID EASILY
Sai Ram
Being a fxtrader is not easy. Ones must working hard.