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We all agree that a trend line is a very useful and simple tool, but due to misleading application this nice tool is underrated by traders. Trend lines could be quite accurate and provide great assistance in trading. In fact trend lines are look similar to support and resistance lines, but usually used during directional move of the market – up or down. Other words speaking – trend lines have some slope, although there are horizontal trend lines that exist also. It is simpler to understand, when you will see it. There are three major types of trend lines such as upward trend line – uptrend, downward trend line – downtrend and horizontal trend line – Sideways trend.
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thanks, for telling me about the importance of charts and trend line and how useful are these as a tool to help traders, these are simple and useful and a powerful weapon for trader.
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No strategy or a successful tool in trade without the use of trend lines because it shows the direction of the currency, whether bullish or bearish trend line break points because they portend change currency movement and tacking Hence the importance of the trend lines
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hi guyss,, please advice about my open position,, Long GU..
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The trend of the market is classified into the three types:-
Uptrend (Higher Lows)
Downtrend (Lower Highs)
Sideways Trend (Ranging)
Thank you for the important information
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my trade plan on GJ,,, please advices...
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Trend line is the most common and clasic tool to help traders.You can not draw a good trend line.I think you got what i am expecting as a real traders.
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yes trendlines are very useful in trend analysis, if properly plotted. Anyone here that does not know how to plot it, should download trendline books by tom de mark they are very helpful.
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i think trend lines just show where trend market running. so we can predict how strong price movement and how much we must take profit. and non directly we can use trend line for looking suport and resistance from price movement in limited time. so we can make decision for opening position in forex trading
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Trendline is the best tool in forex trading because it can be used for long term, mid term or short term. This is basic strategy but very powerful if we know how to draw a proper trendline and which criteria is good for the trendline.