How To Use Higher Time Frames To Swing TradeIf you struggle with what timeframes to analyze longer movements before entering trades, this video is for you.
I personally struggled with multiple timeframe analysis. I thought I had to use every timeframe to enter a trade. It wasn't until I got clear on the type of trader I was and stuck to two timeframes at a time is when the market began to become more clear to me. If you can relate this video is for you.
CHFJPY
Price Channel Trading StrategyCharacteristics:
Channels are banded current trend-following indicators.
Similar to other indicators they lagging.
They have an upper and a lower line.
Upper and lower bands are at equal distance from a middle line.
The area between the upper and lower lines in the channel.
Signals:
The upper or lower line breakouts.
The upper and lower lines bounce backs.
Channels can be seen in trendy or sideways markets.
Different types of channels will be discussed in other videos like:
Donchain Channels
Keltner Channels
Fibonacci channels
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This is one of the main ways I trade (good for beginners) Happy Sunday!
Please go easy on me for my first video;) I have had good responses to my ideas and even been requested to do a breakdown on how I trade. I hope you all find that this video makes sense and you don't find it boring!. This is a pair that I am eyeing up for this week, obviously the video breaks down as to why I will be taking this trade.
I like to trade the basic fundamentals, I sometimes use ema's but that's about it! clean, raw and basic charts without all the unnecessary indicators and flashy lights is the best way!.
Hope beginners can take away new ideas from this and if people like I can do another one.
Entry 114.200
SL 114.750
TP 111.500