I think in today's modern market, major indices and stocks having wide participation tend move in channels , rather than in a straightline like manner,
so when to be in trade in a trending channel, in a side ways channel etc, will be decided on how bars are outside the channel or how many are within, or how many are touching the top channel or how many are touching bottom channel? it has really become difficult to earn money inthe mmarket since so many smart and experienced traders are out there to fade novices like me.....hehehe......
please , seniors throw some light on how trade the channels, basing on experience, not the bookish stuff.......my request......regards