Oct
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Using Trendline and Trend Channel
by Lawrence Chan on Oct. 12th, 2006 in Basic Chart Reading | Trading - General
Many beginner traders have seen trendlines, but not many of them know how to draw trendlines properly. On the other hand, there are even less number of traders know what trend channel is.
I am no expert in trendline or trend channel usages - most of my knowledge about these tools came from my mentors and real life experience. I am going to talk about some basic concepts in using trendlines and trend channels that can help beginners to better understand these two useful technical tools.
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