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Archives for April 2020

Trading With Consecutive WR7 Patterns

By Galen Woods in Trading Articles on April 22, 2020

WR7 Example - MU Daily

What do you look out for when analyzing price action with Open-High-Low-Close (OHLC) bars or candlesticks? Do you focus on the bar range (High minus Low)? In this WR7 tutorial, you’ll learn a powerful approach to make use of expanding bar range to improve your trading. The bar range within a period is a volatility measure. […]

4 Effective Ways to Trade a Channel

By Galen Woods in Trading Articles on April 10, 2020

Draw trend line channels to find retracements in trends. Channel also provide good target objective.

Price channels are helpful indicators for maintaining focus. Unlike many other trading indicators, they plot directly over price action. Instead of distracting you from the price action, channels offer a useful framework for analyzing market movement. There are many flavors of price channels out there. But their recipe boils down to two ingredients: A representative […]

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