Forex Strategy - Tom Hartle. Analysis of channel

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The market price does not move in a straight line; on the contrary, she jumps, draws peaks and troughs forming the channel in the direction of the trend. Early identification (analysis) of the channel can bring valuable information, including information about changing the direction of the trend, allowing you to see the income and loss.

As computers and software technical analysis are becoming more sophisticated, with the increased confidence of traders use indicators to get signals to trade. Focusing on the use of technical indicators for the development of trade systemic natural fit, but certain skills to work with a simple price chart to assess what is happening in the market, we lost. But why there is rejection of the analysis of price charts? Once again I note, the answer - simple; traders came to the conclusion that, in many respects to their delight, the indicators are easy to program, modify and design in accordance with the trading system. An additional reason is that most of the indicators can smooth out price changes and have a limited range of variation, for example, from zero to 100. This gives the trader the impression that the useless noise is filtered. The apparent randomness of price movement in the market due to the fact that market participants act in accordance with their different interests. The result? Basic price movements are blurred in a collision of different interests. As a result, traders get more dependent on indicators that filter changing prices and provide reliable signals for trade.


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