Waverider Trading Technologies

Futures Trading Signals And Education

Changing Lanes!

The pound has reached our 2nd profit target the lower Keltner channel and I am taking another 3rd of the original 10 contract trade off the table. Since pricing has dropped slightly below the lower Keltner I will use the middle Keltner as my trailing stop loss and try to stay in the last part of the trade as long as possible, hopefully all the way down to the orange profit pivot line. The movement of pricing from hovering at the upper Keltner to down below the lower Keltner is commonly referred to as a "lane change".
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