Monday, July 20, 2009

Channel Strategy

Channels are built to last three extremum - the line for two Nizam and the parallel through the top, or vice versa, the line on the two peaks and two parallel Nizam. The lines are constructed by the maximum (minimum), then have to tenyam candles.

The distance between the extremum is not limited. There are "groups extremes" - two or even three candles with practically the same maximum (minimum). Identify them as one extreme, the channel holding the line at the top (bottom) the right of them.


Open positions - when you reach the border canal - interior canal. In doing so, the signal for opening occurs when prices hit a zone + -5 points from the line of the channel. Number of lots continuously for a week (better - the whole month).

Stop with the turn at the opening: 50-70 points.

The purpose - the opposite border of the channel.

Always be open only one position (with a selected number of lots). After opening the position focus on the best exit from the market for this: When the distance from the opening price of 50 points (to profit), the stop is moved to the point of opening.

Next - podzhatie at a distance of 50 items every 10 points (trailing stop). When approaching the goal of decreasing the value podzhatiya. Podzhatie made only to increase profits, but never - to zoom out. With smooth reaching the channel border (of the current!), Closing the position, and opening a new position in the opposite direction.

If faults stop loss in - the opening position in the opposite direction for the purpose of paragraphs 57 (a turn). Principles podzhatiya - the same. According to a new position established by the stop order, without a turn at a distance of 57 items. When triggered the second stop - a break in the trade for two days.

This strategy allows you to borrow money from a well-measured movements of currency pairs. Do not sell to the powerful news and in the case of abrupt change of the expected trend.

But the main thing - time to close the profit is not greedy!

The strategy is designed for all levels of experience.

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