LEARNING TO DRAW CHANNELS ON CHARTS WILL IMPROVE YOUR TRADING PERFORMANCE AND POSSIBLY ASSIST IN ELIMINATING A BIG LOSS!
A traders long term success will depend on their ability to eliminate the "BIG LOSS" when considering the five outcomes to a trade!
Interview with Burak Kaplan, PhD, from www.TradingChannels.UK
Burak has been my mentor since October 2015. What I have learned from Burak has allowed me to develop my own trading style and alert system. Any serious technical trader needs to have Burak as a mentor.
Channel Drawing Techniques and Styles
Burak's style is to draw individual lines as the trends pop out to him as he reviews price action.
My channel drawing style is different. I draw channels using regression lines following price trends as well.
The end result is quite similar. The channel lines provide a great way to assist in position entry / exit