Trend Line and Break Out.

[junaid abbasi]

Although US stock indices closed in the negative the previous day, Japan�s Nikkei extended its record run to 16 consecutive days of gains. The victory by Prime Minister Abe during the weekend�s elections seems to have boosted sentiment and optimism that stimulus policies will continue. The dollar rebounded versus the yen to come back to around 113.69 from a session low of 113.29.

---------- Post added at 08:51 PM ---------- Previous post was at 08:49 PM ----------

Gold gained to around $1280 an ounce as it took advantage of some modest dollar weakness during the Monday’s US session.

Looking ahead, after the release of Eurozone PMIs, the US session will feature the Markit PMI, Richmond Fed manufacturing PMI and API crude oil inventories later.

[zunaira_waris]

if long from below and you still like the upside, you have some profit to be patient for a break but understand the area should be a tough nut to crack regardless.

[sidrazafar]

Trend Line Break is a reversal chart patterns, where a stock in an up trend, breaks out of a support trend line and a stock in a down trend, breaks out of a resistance trend line. This is a very basic, simple, time tested chart pattern, which with an addition of a trend following indicator, gives an excellent result.

[danish555]

trend line runs with the market trend it show the market current trend of this trading market there many trend line and the traders use these trend line during the trading and the breakout when the market start after the two holidays .

[sidrazafar]

As a review, a trendline is a line connecting two or more lows or two or more highs, with the lines projected out into the future. Traders than look at these projected lines and look for future prices to react around those levels.

[olivia]

Hi
trend line is an old strategy that have bigger accuracy between almost hudreds indicator. it accuracy about 70 t0 80 percent to cover 30 percent failed or unpredictable
we use money management .it can be average matriangle reversal stop loss both os this angatement weakness and strong

The trend line is not even a strategy. It's just a trend line. A line showing the pair pattern.
So if the price falls then the trend line will decrease and if the price rises the trend line rises.
And the inaccurate 70 to 80 accurate is 100% accurate because it only follows the price movement.
And does this average matriangle reversal stop? you mean martingale? I do not really
know how to connect martingale in this matter because martingale is a betting system where you double your lot every time you lose a trade.

salam

[modestrader]

i trade for a months using trends lines but i didn't know how to predict the fake breakout; can some one help me please ?

[kaval]

It is true. the support and resistance levels are used as buy and sell signals when the market starts.
Generally, the strength of the support & resistance level is measured by how many times the price reaches a certain level,
but fails to break through. Also should the level have been tested several times before, merchants will often keep watch for the escape ..
but it is best to read this book about support and rejection .. there is also an indicator to use it which attracts all pivot points
becarfull

[sajjad1974]

Trend line tu hemsha say hi bohat khas cheez rahi hey. Acha kia aap ney trend line different types bata di . Agar aap in sab trend line ki types ko thora thora explain bhi kar detey tu bohat sey new traders ka fayda ho jata.

[ik yar]

I use trend lines in my analysis that are very helpful and useful in trading. I also look at patterns like head and shoulders and double top/bottom and triple top/ bottom for trend reversal.

I agree with you but it is usually difficult to analyze head and shoulders, dobble tops and tripple up and down,
I want to know as if there are indicators that can tell us the pattern.
If you know abouit this then plzzz let us know.
regard