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yes, trend line is a way to know the direction of the trend then we will make decison for trade and follow the trend, the trader can use with manually or they just use the indicators for it..vut for the final decision always back to them..Quote:
Originally Posted by amit
levels of support and resistance are used to determine entry points and exit points, levels of support and resistance are calculated by the number of prices reached a specific level, but you can use indicators for determined as the RSI.
Yeah,you have listed so many kinds of trend line in forex.I think there are so many indicators can help us to draw the trendline easily in forex.But the most difficult part for us to learn is the Break Out.We usually can not analysis when the trendline will break out.Do you have the strategy to analysis the break out here?Wish you can share it here.
trend line is an old strategy that have bigger accuracy between almost f hundreds indicator .it accuracy about70-80%.to cover 10-30%failed or unpredictable,we used money management .IT can be Average,matriangle,Revrsal,stop loss.both f this anagement have weakness and strong.
trend line and break out strategy is well enough for make lots of pips by only one signal.trader just have to draw trend line and wait when line will break trader entry .there are lots of break out strategy like triggle breakout, channel breakout ,support resistance break out
But my thinking is deference because we are expecting some breakout trend but some time it is not happen and we wait for whole day to recovering the loss, so better to trade with trend.Quote:
Originally Posted by mind4sale
understanding of trend line is too much difficult, as I am understanding it for some time but I am still unable to understand it, it shows us the trend, I also heard that trading with trend line and support and resistance level is the best but it need understanding.
me aapki baat se poori tarah sehmat hon..forex me trend line ka bahut bada role rehta hai kyunki forex me jo bhi trader trend ke hisab se trading karta hai uske loss ke chances bahut hi kam ho jate hai..is wajah se trend line indicator ko study karke trading karna hamesha faydemand mana jata hai
Break out trading is often found beneficial this may be due to more people/traders enter in trade when there is a break out of a range, and so there is found good movement just after break out and so we earn good returns in very short term.
before I want to ask you, if this system using MA, BB and fibonanci, seeing break outs usually use indicators., can you explain how I view the trend to use the line. and when prices turned