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Understanding "double channel" Line and A B C


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Understanding "double channel" Line and A B C

  #1 (permalink)
 
faithdefender's Avatar
 faithdefender 
Salem VA USA
 
Experience: Intermediate
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Can someone help me with two questions that can help me with my trading. I found this in a Forex website, but the directions were fuzzy.

I am trying to learn to draw channels/trendlines to come together at different points

The article reads; Draw/Drag the channel line from A-C then put the other channel on B. Then repeat this again, Draw/Drag the channel line from B to D then put the other channel on C.

I am trying to use this to help me identify support resistance areas at cross points.

I am not sure how to identify the ABC spoken of. If someone has pictures or info that can help me, I would be very grateful.

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  #2 (permalink)
 
Devil Man's Avatar
 Devil Man 
Fort Lauderdale
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faithdefender View Post
Can someone help me with two questions that can help me with my trading. I found this in a Forex website, but the directions were fuzzy.

I am trying to learn to draw channels/trendlines to come together at different points

The article reads; Draw/Drag the channel line from A-C then put the other channel on B. Then repeat this again, Draw/Drag the channel line from B to D then put the other channel on C.

I am trying to use this to help me identify support resistance areas at cross points.

I am not sure how to identify the ABC spoken of. If someone has pictures or info that can help me, I would be very grateful.

@faithdefender sounds like you might be looking for the triangle drawing tool in ninjatrader?

on your ninjatrader chart right click, select drawing tools, then 'triangle' (cntrl + F6)...apply to your chart.

let me know if that's what you are looking for

DM

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faithdefender's Avatar
 faithdefender 
Salem VA USA
 
Experience: Intermediate
Platform: Oanda, NT8, TradingView
Broker: Oanda, TorS
Trading: Stocks, Currency Futures
Posts: 171 since Jan 2019
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I really appreciate you pointing out that indicator. I never knew that existed. What I failed to mention is I also need to understand how to determine what makes an A a B and a C and how to identify what is what. I will be able to use what you pointed out. I am half way there.

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 tr8er 
Europe
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faithdefender View Post
I really appreciate you pointing out that indicator. I never knew that existed. What I failed to mention is I also need to understand how to determine what makes an A a B and a C and how to identify what is what. I will be able to use what you pointed out. I am half way there.

I hope that helps

Trading ABC patterns | Futures

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faithdefender's Avatar
 faithdefender 
Salem VA USA
 
Experience: Intermediate
Platform: Oanda, NT8, TradingView
Broker: Oanda, TorS
Trading: Stocks, Currency Futures
Posts: 171 since Jan 2019
Thanks Given: 131
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Thanks TR8er. I will read it right now.

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