Channel Surfing. Riding the Waves of Channels to Profitable Trading – Michael Parsons

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Summary

• Archive: DescriptionDespite the proliferation of computer indicators, the professional trader recognizes that success in trading still depends on a person’s ability to read, anticipate and react to market movement.

• But how do you define something that can change more often then the weather?

• The answer is to use the geometry of the market itself.

• Channel Surfing presents one of the most definitive methods for establishing the geometry of any market, enabling a person to exploit the bias between buyers and sellers.

• Price rarely moves in a straight line and so channels provide the ultimate momentum indicator, outperforming many of the most popular indicators in use today.