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At times, prices can be pretty wild. Sometimes we see large choppy Trading Ranges, abbreviated trends that fail to continue for more than a short duration. Lots of explosions and collapses make markets difficult to trade, even for the very best traders.

It seems that at times only the innovative and adaptive traders can consistently take money out of their trading. Sometimes all that is needed is a simple set of tools. Let’s look at just such a set of tools, that from a technical point of view are proving themselves successful in trading the kinds of charts we encounter from time to time. In the illustrations that follow, we will be using a fifteen bar exponential moving average of the close, along with a simple forty bar moving average of the highs and lows. With the forty bar simple moving average of the highs and lows we will attempt to create a channel.

When prices move beyond the bounds of the channel, we will attempt to trade pointy places. We will never attempt a trade when prices are within the channel. The exponential moving average will be a filter used to keep us from trading when the moving average is flat. So, even though prices are out of the channel, as long as the fifteen bar moving average is flat or relatively flat, we will not attempt to trade.

Download Link;
www.4shared.com/file/56769678/d09051fe/Joe_Ross_Trading_Manual.html

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