Channel strategy is a simple and complicate strategy.
A. Using it with Elliot Wave to follow a trend.
Follow the trend by "buy low, selling high".
B. Find a new turnover trend by a channel retest.
C. Find a continue wave by a sideways channel breaking
through.
Risk Management:
A. REWARD/RISH >1.5
B. Risk <2%
C. Move SL to TP1 or TP2 to protect your profit
A. Using it with Elliot Wave to follow a trend.
Follow the trend by "buy low, selling high".
B. Find a new turnover trend by a channel retest.
C. Find a continue wave by a sideways channel breaking
through.
Risk Management:
A. REWARD/RISH >1.5
B. Risk <2%
C. Move SL to TP1 or TP2 to protect your profit