Keltner Channel Intraday is a Forex trading system. It is a intraday forex trading system. The Keltner Channel Intraday helps you to pick the up and down swings of the market and make profitable trading. The Keltner Channel Intraday forex trading system is a very simple forex trading system. There are very few indicators in the main chart window; you will not have any difficulties to read the price actions of the market. The indicators in the main chart window generates the buying and selling signal while the indicator in the indicator window confirms the signals generated by the indicators in the main chart window.
Altogether there are three technical indicators in this forex trading system. When you install Keltner Chanel Intraday forex trading system in your trading platform, your chart should look like this:
- Keltner Channel
Keltner Channel is a technical indicator which consists of three bands which move in a channel most of the time. These different bands have different colors and they represent different things. If you follow the colors of these bands you might get confused so there is an easier way to use this forex trading system.
In the main chart window, you can see yellow and blue stars. The blue star indicates buying while the yellow star indicates selling. To get most out this forex trading system you should be a trend follower. Do not trade against the trend, that way you will increase the odds of winning.
- Deep Bar Indicator
The Deep Bar Indicator is a technical indicator which consists of blue and pink bars. Blue bars indicate bullish pressure in the market while the pink bars indicate selling pressure.
Buying Conditions Using Keltner Channel Intraday.
- Market should be up trending.
- A blue star should appear below the market.
- Deep bar indicator should form blue bars.
- Place your long positions as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when a yellow star appears above the market.
Selling Conditions Using Keltner Channel Intraday.
- Market should be down trending.
- A yellow star should appear above the market.
- Deep bar indicator should form pink bars.
- Place your short positions as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when a blue star appears below the market.
Download Free Forex Keltner Channel Intraday Strategy
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