Channel Surfing: Riding the Waves of Channels to Profitable Trading - Paperback

by Michael J. Parsons (Author)

Despite the proliferation of computer indicators, the professional trader recognizes that success in trading still depends on a person's ability to read, anticipate and react to market movement. But how do you define something that can change more often then the weather? The answer is to use the geometry of the market itself. Channel Surfing presents one of the most definitive methods for establishing the geometry of any market, enabling a person to exploit the bias between buyers and sellers. Price rarely moves in a straight line and so channels provide the ultimate momentum indicator, outperforming many of the most popular indicators in use today. The beauty of it is that it doesn't require you to suffer through large draw downs in order to realize a profit. In fact, it is so effective that it is probably the very best approach for beginning traders and those with very little capital. So just imagine what an experienced and well-funded trader can do with it As you read this book you can expect to discover and learn: The basic concepts of Channel Surfing, presented in a way that is easy to understand and easy to apply. Why channels are a natural phenomenon and how to take full advantage of this. How to take the basic concepts of Channel Surfing and catapult it into an even more powerful method of trading using advanced techniques. Additional methods of reading the geometry of the market that add to your success. For both novice and professional traders alike Channel Surfing provides a solid foundation for understanding the language of the markets. It is an exceptionally powerful technique that has the ability to adapt to the personal trading style of the individual trader and dramatically improve their success.