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7 Simple Strategies of Highly Effective Traders by Alpesh B. Patel, Paresh H. Kiri

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Strategy 6. Trend Lines And Channels

Introduction

Our aim in this chapter is to show you how professionals apply simple trend and channel strategies in their trading. The cliché the trend is your friend is known to many but applied by very few.

Strategy basics

There are three ways we can trade using solely a trend and we will look at each separately with examples:

  1. Trade with the trend.
  2. Trade the break of a trend.
  3. Trade within the channel created by the trend.

A paradox with this methodology is that many traders seek to find established trends upon which to trade from.

What if we can show you how to find a trend at its inception and also accomplish what is considered to be the most popular trading technique used by professionals ...

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