Trendline trading strategy makes me think have you ever wondered why all trading strategies never forget to consider the significance of trend lines? It is because the system works.
Now the question is, how do you use them as your basis for every day trading?
First of all you have to identify the highs and lows of price action. A high is a price bar/candle that is preceded by two bars/candles with lower highs and followed by two bars/candles with lower highs. A low is a price bar/candle that is preceded by two bars/candles with higher lows and followed by two bars/candles with higher lows.
When these highs and lows are identified the next step is to connect these price peaks with a line.
The battlefield is now complete now it is the time to play smart. Most players look for setups. Below is a fully annotated chart showing how to place orders using trend lines, also how stops are place in the context.
For more in-depth insight on how to use trend lines as your basis for trading download a free ebook titled “Trendline breakout forex trading strategy” below. The most important benefit of using clean charts is the reduction of stress and confusion, that’s because clouding your charts with indicators doesn’t make the market certain. The only way to make your trading certain is to discipline your risk management/money management, use one volume for a period of time for accurate results.
Did you gain anything? please comment below and share with your fb friends to unlock the download link, cheers!
Our community works well with Instaforex. Are you looking for a demo or real account? We recommend Instaforex. Currently, they offer up to $1000 no deposit bonus; That’s right! You can trade real funds without depositing them, see the definition below;