Michael Parsons – Channel Surfing. Riding the Waves of Channels to Profitable Trading
Michael Parsons – Channel Surfing. Riding the Waves of Channels to Profitable Trading
Michael Parsons – Channel Surfing. Riding the Waves of Channels to Profitable Trading
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Description
MICHAEL PARSONS – CHANNEL SURFING. RIDING THE WAVES OF CHANNELS TO PROFITABLE TRADING
Despite the proliferation of computer indicators, the professional trader knows that success in trading still depends on a person’s ability to read, anticipate and react to market movement. Is it possible to define something that can change more often than the weather? The answer is to use the market’s geometry. A person can exploit the bias between buyers and sellers with the help of Channel Surfing. The ultimate momentum indicator is provided by channels, because price rarely moves in a straight line. It doesn’t require you to suffer through large draw downs in order to realize a profit. It is the best approach for beginning traders and those with little capital. Imagine what an experienced trader can do with it. The basic concepts of Channel Surfing are presented in a way that is easy to understand and easy to apply. How to take full advantage of channels and why they are a natural phenomenon. Taking the basic concepts of Channel Surfing and catapulting it into an even more powerful method of trading using advanced techniques is how to take the basic concepts of Channel Surfing and catapult it into an even more powerful method of trading. The geometry of the market adds to your success. Channel Surfing provides a solid foundation for understanding the markets. The technique has the ability to adapt to the personal trading style of the individual trader and dramatically improve their success.
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ABOUT THE AUTHOR
Michael J. Parsons started trading in 1987 and following a series of losses embarked on a journey of research that has led to the development of several trading techniques based on a unique approach. By utilizing aspects of wave science he first developed what would later be called Reversal Magic, a time based method for predicting reversals. The accuracy and success of this method was astounding, but even astounding methods need some form of money management, resulting in the birth of Channel Surfing. He has continued to develop an emerging science of technical analysis with a price targeting method called Balance Magic. Today he continues to write about and research new methods of trading and maintains a web site at www.tradingcafe.com. Additional information on the various publications he has written can be seen at www.reversalmagic.com.
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