the great 'English' channel

One for the itchy traders... or budding punters
 
This is a great article that outlines the concept of trading channels and suggests a strategy for risk management.
 
By using technical analysis on a short range target - the idea is that you can automate a trade to reduce risk (but not protect against a dollar loss).
 
However, this should help you sleep at night... if you don't kick yourself in the morning when it hits your stop and  bounces the other way.
 
 
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