Page 1 of 2 12 LastLast
Results 1 to 10 of 11
 1 Attachment(s)    

Thread: How To Improve Your Trend Line Trading

  1. #1

    Default How To Improve Your Trend Line Trading

    Trend Lines are the most powerful technical analysis tools. They allow you to gauge the trends direction, identify potential reversal levels and enter trades with low risk and high reward. In this article, you will learn how to improve your trend line trading with 3 power tips.

    Tip #1: Trade only Trade Lines with 2 Peaks
    Demand that each line you trade will be tested at least twice before basing any trades on it. This ensures that the line is indeed strong and able to generate profitable trading signals. If you trade when price bounces on the trend line, it is okay to enter on the third bounce, after two tests of the trend line. As a rule of thumb, avoid technical levels that have not been tested at least twice. While it may be profitable to trade levels that were tested only once, it takes a lot of experience to properly identify and know which to trade and which to ignore.

    Tip #2: Don't Trade Trend Lines which are Too Steep
    If the line is too steep do not trade it - it is probably not a strong line and will break easily. Avoid lines that are too steep and trade only the ones with reasonable but average slope - to increase your profitability.

    Tip #3: Demand Strong Bounces
    Demand that each bounce on the trend line results in a strong reversal to the opposite direciton. If price touches a trend line and retraces slowly - it is a sign that the trend line is weak and prone to break. Demand that the lines you trade are psychologically strong so when price reaches them the trade will be strong and fast. Do not waste your time on trend lines that are of zero importance and effect.

    These tips will help you to identify trend lines and more importantly - help you decide which are worth trading and which are weak, and should be ignored. The most important decision in trading is not what to trade, but what not to trade.

    TrendLineX(TM) is a powerful indicator that trades trendlines automatically. It automatically calculates stop loss and signals exact buy and sell trades based on trend lines.

  2. #2
    Member
    Join Date
    Dec 2008
    Location
    Germany
    Posts
    76

    Default

    Hello,

    jes trendlines are very very powerful tools in trading. Maybe they are the best tools. But till now, i haven't seen a real good trendline drawing indicator! All indi's seen till now had heavy problems to draw them like a human being.

    Could you post some screenshots of actual days to show the performance of your indi? Maybe on monday evening, the timedistance of the last week or something like this.

    Don't be sad, but you have to understand, that people first want to see some good examples before jumping in.


    So what do you say?


    Kind Regards

    Criss

  3. #3
    goldie.kyles
    Guest

    Default

    Hi There,

    Some very nice tips being shared here. Thanks for the wonderful share. It will be of great help to newbies like me.

  4. #4
    kevinjones
    Guest

    Default

    The trendline is easily developed and is highly visible. It signals a likely reversal; but some trends pause and then continue, so a trendline is not the last word, but only a starting point in the interpretation of the current trend.

  5. #5
    sabrinathomas
    Guest

    Default

    If you really want to improve your trend line drawing then you must use some good and technically sound trading softwares. This is not your fault, if you are drawing the trend line wrong; this is your trading system’s fault.

  6. #6
    shirley.williams
    Guest

    Default

    Thanks for this info. Trend Lines are on of the most basic, but also most powerful, indicators available to day traders and long term traders alike.

  7. #7
    goldie.kyles
    Guest

    Default

    Trend lines are a basically a dynamic support or resistance level. Unlike horizontal levels which are a static level, the trend line is a level that advances with time. The trendline can be either ascending trendline or descending trendline.

  8. #8
    sabrinathomas
    Guest

    Default

    If a trader is trading according to the trend lines, means if someone is drawing trend lines and following trend lines, then he must have good software, otherwise he may face a big loss.

  9. #9
    Junior Member
    Join Date
    Feb 2010
    Posts
    4

    Default trendline indi

    Quote Originally Posted by crissfx View Post
    Hello,

    jes trendlines are very very powerful tools in trading. Maybe they are the best tools. But till now, i haven't seen a real good trendline drawing indicator! All indi's seen till now had heavy problems to draw them like a human being.

    Could you post some screenshots of actual days to show the performance of your indi? Maybe on monday evening, the timedistance of the last week or something like this.

    Don't be sad, but you have to understand, that people first want to see some good examples before jumping in.


    So what do you say?


    Kind Regards

    Criss
    Try this nice indi...
    Attached Files Attached Files

  10. #10
    kevinjones
    Guest

    Default

    Plotting a trend line on a Forex chart gives very valuable information. Not only the trend line will show a current trend (direction) of the price move, it will also depict points of support and resistance levels for market price. In addition, it will also help to determine good entry and exit points, best positioning for profit taking and placing protective stops.

Similar Threads

  1. Candlestick cross trend line
    By zalinarashid in forum Ideas for expert advisors
    Replies: 18
    Last Post: 01-03-2017, 17:37
  2. On-line trading system video LION-HUNTER TRADER
    By Lion-Hunter Trader in forum Ideas for manual systems
    Replies: 0
    Last Post: 11-06-2013, 15:16
  3. Trend Line Breakout EA
    By funyoo in forum Expert advisors backtesting
    Replies: 0
    Last Post: 08-16-2010, 17:37
  4. Trend line trading strategy
    By cookiemonster in forum Ideas for expert advisors
    Replies: 0
    Last Post: 07-11-2009, 18:49

Tags for this Thread

analysis, average, forex, high, how to, indicator, indicators, learn, long term, profit, profitable, real, resistance, signals, simple, stop, support, system, technical analysis, time, trader, trading, trading signals, trading system, trend

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •