If the trading filter lies above the upper trend channel, a downtrend market is in progress and one should sell or hold short market positions. With this method, trade timing decisions are based on penetrations of the lower and upper trend channels, i.e., one should buy or sell long positions based on penetration of the trading filter through the lower trend channel and should sell or cover short positions based on penetration of the upper trend channel. 5 year subscription to Working Money. Free book selection. Limited time offer.
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