Narrowing breakout channels

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at Investment & Trading Magazine

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Currency System Analysis, Vol. 2 This system narrows the breakout channel a bit to place trades before other traders do. Instead of waiting for price to cross its highest or lowest points over the last 20 days, this system enters at the second highest or lowest level. The system uses two indicators called HighestN and LowestN that return the nth highest or lowest price within any look-back period (these indicators are available free at www.Wealth-Lab.com).

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