Trendline Trading

Slide 1: 

Develop A Good Eye For Trendline Trading

Let me first declare my love for trendline trading, support and resistance. These essential trading skills are being used every single day of my trendline trading life and have provided me numerous opportunities in trading. They also require me to take years to develop the skill be good and quick at drawing them.: 

Let me first declare my love for trendline trading, support and resistance. These essential trading skills are being used every single day of my trendline trading life and have provided me numerous opportunities in trading. They also require me to take years to develop the skill be good and quick at drawing them.

Slide 3: 

Important Analysis Through Trendline Trading

The support, resistance and trendlines plotted thrown together with the price chart will create a huge amount of vital information waiting to be extracted for detailed analysis. This requires lots of time and effort. At the same time, the analysis that is coming up contains subjective elements.: 

The support, resistance and trendlines plotted thrown together with the price chart will create a huge amount of vital information waiting to be extracted for detailed analysis. This requires lots of time and effort. At the same time, the analysis that is coming up contains subjective elements.

In the long run, a trader will be able to identify and plot these levels easily. In order to speed up the learning process it is always good to compare the analysis done to the analysis from software programs such as Autochartist or any other charting software service as a guide. This will greatly sharpen a trader’s observation skills and techniques. The catch is to do the analysis manually first before seeking automation service from other sources.: 

In the long run, a trader will be able to identify and plot these levels easily. In order to speed up the learning process it is always good to compare the analysis done to the analysis from software programs such as Autochartist or any other charting software service as a guide. This will greatly sharpen a trader’s observation skills and techniques. The catch is to do the analysis manually first before seeking automation service from other sources.

Slide 6: 

Concepts of Trendline Trading

Slide 7: 

Two Concepts of Trendline Trading:

I have some tips for traders who wish to do it manually and develop that good ’eye’ as a foundation to trendline trading. In order to draw really reliable trendlines or horizontal lines:: 

I have some tips for traders who wish to do it manually and develop that good ’eye’ as a foundation to trendline trading. In order to draw really reliable trendlines or horizontal lines:

1. Work with market memory on the price chart 2. Note the number of ‘contacts’ that a trendline is making with the price : 

1. Work with market memory on the price chart 2. Note the number of ‘contacts’ that a trendline is making with the price - Meaning that a trader should work on a time frame where the market memory is not too long or too short to plot his trendlines so that it is still relevant to the current market. - More contacts makes the line more significant thus reflecting that the price is giving more respect to the trendline that is being plotted. That means the trendline is most likely a major trendline , support or resistance.

3. The spacing between contacts should have a healthy spacing 4. The proximity of the trendline, support or resistance to the current price : 

3. The spacing between contacts should have a healthy spacing 4. The proximity of the trendline , support or resistance to the current price - This indicates a more impactful trendline that is being plotted. -Is the current price far from the trendline or close to it? Whereby being closer might indicate that the trendline might have some effect on the current price near term.

Slide 11: 

These are just some pointers that I have observed and learned from through the years which aids me in developing my foundation in plotting trendlines , support and resistance.

Slide 12: 

Perfect Trendline Trading w ith Practice

Slide 13: 

Never rush to succeed the first few times if a trader doesn’t get it. Practice makes perfect and with a good foundation in charting, I am sure whatever strategies applied no matter how complex it might be, a trader’s market analysis will never go horribly wrong.

Slide 14: 

What if you just couldn’t trade F orex effectively with a day time job? I know how hard it can be to trade F orex manually, but if you want to really be successfully trading your own unique manual system , you need to learn a single method that works amazingl y well.

Slide 15: 

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