4m 38s: Lenght

Forex Trading Strategies 2016 That Work | Secrets Revealed https://youtu.be/wuI88UuSng8 https://www.youtube.com/watch?v=wuI88UuSng8 let's talk about channels for a minute here we've got an upward trend and as we discussed previously we can draw a support line which represents a diagonal which is kind of guiding the price and the price keeps bouncing offered in its journey to the top know what we're going to do is we're going to take this diagonal and we're going to copy it and we're going to put it above the price so there it is it's got the same angle as the first one and it's sitting on one of the highs of the price so once again as you can see here the price is also bouncing off this diagonal as well and bouncing downwards the price is kind of moving in a channel or quarter now what are we anticipating from the prize going forward well right now we are probably expecting for the price to bounce off the top border and then to go back up this is where we would enter into a buy order so one surprises bounced off we would wait for it to hit this board of the channel would enter into by order Forex Trading Strategies 2016 That Work | Secrets Revealed and if the price goes in our direction once it hits the top border again that's when we would close our trade so it's important don't hear that in an upper channel you it is recommended to trade only buy orders and why is that well let's step back take a few steps back for a second at this stage we're anticipating for the price to go down so we could technically conduct the seller but it's not advisable for two reasons first of all would be trading against the trend and that's something we said we shouldn't do we should always trade with the trend and second as you can see here the downward movement is actually smaller than the upward movement so in an upward channel if you create sell orders you will always earn less than if you create by orders so that's another reason why in an upward channel you should only trade by work next we're going to look at a downward channel so here we've got a downward trend we can draw a resistance line we copy that line we can see that very often the price will also follow the copied line so it won't break through it will bounce off that line and channels are very common on the forex market and you'll see this from our live trading on Forex Trading Strategies 2016 That Work | Secrets Revealed a real account further down in this course so here we are expecting the price to go pop then we'll conduct a sell order and will close our order once the price reaches the opposite side of the channel so once again in a downward channel it is advised to open sell orders because you would be in this case you'll be trading with the trend and you'll get longer movements and so those are the two main ways of training channel is actually one way but in two different types of channels and it's always trading inside the channel and more often than not the price does stay in the channel but sooner or later of course the price will break the channel and that's why there's an alternative strategy where and this case instead of opening a sell order you would open a buy order and you would expect the price to go somewhere out of the channel you would use this strategy of when your other analysis is telling you that this channel is getting too old and the price is going to break through it so when the channel is quite new there's more chances that the price will stay inside when the channel has been around for a while are the chances of the price breakout are constantly growing both strategies a valid depends on the situation and what your other technical analysis tells you so to sum up of channels direction trade Forex Trading Strategies 2016 That Work | Secrets Revealed with the channel stay inside the channel it's more likely that the price will bond since into the channel there's an alternative strategy which is a breakthrough strategy and that is used when you expect the price to break free from the channel alright so that was channels did you enjoy this tutorial well if you did then you might want to check out the full court and the good news is that I've prepared an exclusive discount for those who have seen this preview just check out the link in the description of this video and you can get the full course with from massive discount I look forward to seeing the course and until then happy trading forex trading strategies that work barry burns top dog trading forex trading for beginners forex trading strategies forex strategy 2016 forex trading documentary forex scalping forex millionaire forex forex trading swing trading swing trading strategies make money forex price action price action trading Trading trend trading forex tutorial forex beginners mt4 tutorials expert advisor autotrading technical analysis micro forex currency fx day trading https://youtu.be/wuI88UuSng8 https://www.youtube.com/watch?v=wuI88UuSng8