I would like to present a trade I took today on my live account. It is all about using a channel to trade between support and resistance boundary. In the moment that price action is testing either the upper boundary (resistance line) or the bottom one (support line) we can enter short or long. In my experience, in consolidation formations, like the one I presented in the following chart, there is more then 50% chance for a rebound from either of the two lines. And this 50%, combined with a R/R ration of more then 3:1, every time, please do the math and if we consider that in the event that it breaks through the resistance or the support, we can trade the breakout as well, with even a higher success rate, we can easily understand that we need no fancy indicator or a multitude of them to trade consistently, only one good and tested strategy on a naked chart.

Traducir a inglés Mostrar original

Puesto que usted no está conectado, no sabemos su idioma, pero suponemos que es inglés
Por favor, ingrese o elija otro idioma para traducir la lista.

– o –