In your opinion, which linear channels are most useful for technical analysis? - page 2

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Carmine Pinto:

Based on my experience: Equidistant Channel is effective but you need to understand that most meaningful levels to mark on your charts are the result of collision of several technical factors included the swift momentum due fundamental factors on the same levels (not right to the pips) 

‌Technical analysis work as a self fulfilling prophecy most of the time (while other times even if you have a great technical analysis outlook it can be totally meaningles to the price dynamics and remain just a sort of graphic art in those cases) but the experienced traders is capable to increase the odds that a trade will work in his/her favour thanks to the global understanding of the market dynamics, not only one or two elements in your favor. This global understanding is especially required when you are conducting a serious business plan with large capitals.

Short answer: support/resistance levels created by the price itself.

Andrew's Pitchfork is a techinque based on price itself so it can be very effective for the Pitchfork expert.

Indicators like Linear regression channels, Bollinger bands or Standard Deviations Channels and others are just a rough indication based on the past, of course this doesn't mean that indicators can't be used succesfully.

‌Hope this help.

‌

Kind Regards,‌

Nice and detailed explanation about what trading is  in reality.  Thanks!
 
Keltner Channels and BB
 
nice
 

I can share this one non-repaint

<*.ex* files deleted>

 
I believe it's down to preference. Channels are more of a qualitative thing, I like the donchian channels
 
Fibonachi Channel, use the use fibonacci channel , delete all levels and add one level only which is -0.5 , use the channel upper and lower line as support and resistance, use the center line (-0.5) as pivot 
 
 

IMHO, any type of straight channel is more useful with additional bands applied. The nearer a band is to the centerline, the more likely price is to statistically return to that zone.

XAUUSDM12

This is a linear regression channel with standard deviation bands. I was able to vote in the OP's 11 year old poll.😁

 
Andrew's Pitchfork, good one!

I just draw a trendline, duplicate it and put it above/below the first one, now I have my channel, I find this is the easiest way to do that. I don't use the channel very often tho.
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