The Channel Breakout System by Mark Vakkur, M.D.
ARTICLE SYNOPSIS ...The Channel
System by Mark Vakkur, M.D.
This is one of the simplest and oldest trading techniques,
where trades are initiated based on price exceeding a given
historical level. Here's how the channel breakout system
works using the Value Line index, IBM, and the Fidelity
Southeast Asia Fund.
With the proliferation of affordable
and powerful system-testing
software, it is tempting to
create and optimize increasingly
complex systems with
multiple rules, exceptions, and
corollaries. Often, however,
less is more. One of the simplest
technical analysis systems
is also one of the most rob...