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This post?
It is trading on the direction of the channel from one border of the channel to the other one.
For example - channel is on downtrend so we are trading from upper border of the channel looking for sell order.
When to open this order?
Usually the price touches the border 2 times. Same with support/resistanc trading.
Price go up (channel is on downtrend) and touch the border ... retrace ... touch the second time ... retrace ... touch the 3rd time - retrace ... and we are waiting for 3Line_Break indicator to change the color of the candle to red (on closed/previous bar).
Other indicators are confirmational one.
Stop loss value is somewhere outside the channel border.
Take profit value?
Some people are placing it somewgere in the midle of the channel, the other people - somewhere near the opposite border of the channel ... depends on risk and initial deposit size.
It is how to trade on the direction on the channel.
H4 timeframe is much more good for this system.
There are the other way of trading: on breakout of the border of the channel. very profitable but ot may be from 0 to 1 trades in a month, and it is very difficult style of trading.
I prefer to trade between the borders and H4 timeframe to have few trades in a month. And USDCHF may be good pair for that.
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