Thread: Channel trading system
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Old 06-10-2008, 09:06 AM
newdigital newdigital is offline
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As to your image ...
too many indicators on the chart.
Channel trading system is price action system and the main indicator is the price itself. Other indicators are just for confirmation or validation, support/resistance drawing automatically instead of drawing manually (channel) and so on.

I know some people who are using this system without any indicators on the chart and trading just look at the price only ... but it is too complicated for me. I prefer to have some indicators on the chart.
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