TRADING CHANNELS

Channels are very common patterns you can find in the stock market. They are simply two trendlines running parallel with stock price bouncing back and forth between them. There are downward channels, upward channels and horizontal channels. They are easy and profitable to play especially when you can line up another technical indicator with them to verify an entry. As with all patterns there will come a point when they fail to hold price and the channel breaks down - nothing lasts forever but while the channel is in motion, it is a profitable place to be.  -- See the video below which I recorded the day after making the Trading Channels video -- DOW opened down -280 points.

SELLING AT THE OPEN

(AKA Freaking Out)

The first 30 minutes to an hour of trading is referred to as “amateur hour” because that is where the amateurs get slaughtered. They make trading decisions based on news they saw the night before or in the morning on CNBC before they go off to work. Once amateur hour is over and the market maker has chewed up all of their orders, the professionals come in and begin their trading day.

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