Dear Traders and Hopeaholics alike,
as the self-proclaimed President and Founder of HOPEAHOLICS ANONYMOUS (or HA for short), yes I know you are going to laugh at this strategy... many have, but it is me having the last laugh HA HA HA... I hear you...but this works! And the strategy is FREE, no paid course, and simple to use!
THE ONLY WAY TO MAKE MONEY - IS TO...
The above chart shows what is called a “channel” in trading. It is basically diagonal support and resistance (a.k.a Trend-lines). The area in between is known as a channel.
The red zone is said to be the perfect entry area for sells whereas the green is for buys.
How To Find The Zones?
Using the “Parallel Lines” tool, draw the diagonal S/R then measure the...
RMultiple for this trade set up was 2.24R. Stop loss level line goes below breakout candle. After the breakout is confirmed with a daily close candle, the entry is on the retest of the broken line level.