1) Channels are an excellent way to identify patterns with price.
2) How to identify when price will be changing soon in another direction. a) Up b) Down c) Range or consolidate
3) Price action and channel can detect immediately that the price direction may be changing a lot faster than indicators.
4) How to identify price patterns on chart where Institutions are buying large block trades of 401k's, etc and in order to take advantage of price swings.
a german fund manager posts every day vids. he uses trade navigator as statistical tool and told yesterday that on the last days of a month the fundmanager are trying to lift the prices a bit to get a better monthly- result. in the new month prices tend to track again the before-lifting-path.
tnx vy much!!!
at 169.38 i have the 23,6% fibo.
i am trying to find my way of trading with options with a small acount. but i am investing pretty much time in learning. in fact all day. i decided to focus on price action and keep on track of the economic fundamentals for long term options. as i do no daytrading due to the restrictions with the small account - i concentrate right now on finding the proper entries/exits for holding options at least one day.