TRENDLINE TRADING | Advanced trading lesson
Hello traders 👋
Today im sharing my trading strategy with trendlines. It's my first education post, so maybe a lot of mistakes. Please don't take it the wrong way, thank you.
Let's talk about lesson
What are Trend lines?
Trend lines are diagonal lines that are drawn on charts in the financial markets trading. Trend lines are used to highlight, visualize, and make price action easier to analyze on different instruments and assets in the financial market.
How to trade And Use Trend Lines + basic supports.
1. Wait for touch ⌛
When drawing a trendline, the first thing price is check the three times or more. If the price is not checked three times or less, can't draw trendline.
2. Draw ✏️
To draw a trend line, you must choose a time frame. I'm use always bigger than 1 hour timeframe . This is because you want to find the price action for a longer period and not just some light movement.
3. The Basics of Support and Resistance + key levels ✔️
When trading with trend lines, the concept is applied in order to maximise the chances of winning trades.
4. Looking for entry + risk management 💰
Always wait for confirm example; trend line break + price making lower low + pullback + add indicators
🤲 If you like my strategy, Please like and comments. 🤲
Thank you!
Today im sharing my trading strategy with trendlines. It's my first education post, so maybe a lot of mistakes. Please don't take it the wrong way, thank you.
Let's talk about lesson
What are Trend lines?
Trend lines are diagonal lines that are drawn on charts in the financial markets trading. Trend lines are used to highlight, visualize, and make price action easier to analyze on different instruments and assets in the financial market.
How to trade And Use Trend Lines + basic supports.
1. Wait for touch ⌛
When drawing a trendline, the first thing price is check the three times or more. If the price is not checked three times or less, can't draw trendline.
2. Draw ✏️
To draw a trend line, you must choose a time frame. I'm use always bigger than 1 hour timeframe . This is because you want to find the price action for a longer period and not just some light movement.
3. The Basics of Support and Resistance + key levels ✔️
When trading with trend lines, the concept is applied in order to maximise the chances of winning trades.
4. Looking for entry + risk management 💰
Always wait for confirm example; trend line break + price making lower low + pullback + add indicators
🤲 If you like my strategy, Please like and comments. 🤲
Thank you!
