PRICE FIRST
INDICATOR SECOND

Designed to surround the
general price action of the
charted instrument

This is the time when you
want to be on alert for
potential trading
opportunities

THE BANDS DO NOT ACT AS
A PHYSICAL BARRIER TO
PRICE JUST AS MOVING
AVERAGES DO NOT
MAGICALLY SUPPORT PRICE

The moving average can
also act as a landing zone

KELTNER CHANNEL
SETTINGS

Movingaveragelength(will determinelagtime
ofchannel)
Averagetruerange(ATR)
Bandmultiplier(usesATRreading)
Movingaveragetype(EMA,SMA)
ATRtype(EMA,SMA)

The band multiplier is a
very important number

This may be suitable for
those scalping with the
Keltner channel

Some traders utilize the
Bollinger bands and the
Keltner channel together

20 period EMA
20 period ATR
2.25 multiplier

Trading pullbacks is best
done in a market that has
exhibited a strong push in
a direction.

We can use travel outside the
bands as an indication there was
conviction in the swing.

Remember, an excursion outside
of the channel indicates an
extreme from what was a
considered normal price action.

No Pullback

CONFLUENCE AND
TRADE TRIGGERS

We need a trigger to get into
the trade and there are many
tools that you can use.

The trigger chart is only
used for exactly what the
name implies.

100%

Stop

TRADE TARGETS

Fibonacci Targets

We are going to take the
move into the extreme of
our pullback and project
forward in time to a
potential price target.

So many numbers…..
I only use a few

To keep things objective……
Bottom of structure for entry price
Stop price when low breached
Target price

This Keltner channel
trading system is not
complicated

Keltner provides
other opportunities