Staying Out Of Trouble Trading Currencies With Channels

Staying Out Of Trouble Trading Currencies With Channels

Trading Currencies

The FX market is riddled with technical analysts, and every type of tahlil is actively used all the time. Elliott wave and Gann are particularly popular, but also standard statistical techniques, patterns and candlesticks are used. The FX market is the largest (volume) and liquid market. It is a 24-hour market, thus a model of how equity trading will look in a short time. This market is relatively unique in having government intervention and is sometimes correlated with other markets such as equities and gold. Barbara, as an indicator junkie, will show you what methods she uses and why the Average True Range Channels help her stay out of trouble. She will also discuss the dilemma of trading muliple time frames and why there is often more profits in trading the correction than the trend.

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