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Micro-Channel Concept Trading Quiz

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Questions and Answers

Which of the following is a minimum requirement for the Micro-Channel Concept?

At least 4 bars in the same direction with a micro gap

At least 3 bars in the same direction with a micro gap (correct)

At least 5 bars in the same direction with a micro gap

At least 2 bars in the same direction with a micro gap

What is a strong close according to the Micro-Channel Concept?

A close near the opening price of the bar

A close near the high of the bar (correct)

A close near the middle of the bar

A close near the low of the bar

What is the condition for trending lows in a BL MC according to the Micro-Channel Concept?

No L below the L of prior bar (correct)

No L above the L of prior bar

No L above the H of prior bar

No L below the H of prior bar

Study Notes

Micro-Channel Concept

Minimum requirement: a strong close in the prior trend
Strong close: a close above the previous high in an uptrend, or a close below the previous low in a downtrend

Condition for trending lows: a series of lower lows and lower highs

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Description

Test your knowledge of the Micro-Channel Concept in trading with this quiz! Learn about the minimum requirements and pattern identification techniques for using this strategy effectively. Put your experience to the test and see how well you understand this indicator-free approach to trading.