Using Trendline for Trade

[redace]

Hi......Let's just discuss here on how to trade forex using trendline.....

[ghous]

Hi......Let's just discuss here on how to trade forex using trendline.....

is this for yopur klnowledge??

well actually trend lines are just lines that helpo you to identify a proper uptrend or downtrend in comples chartings, in which it's easily done without using any indicators...well that's all...

[razz]

trendline trading are very powerfull once we can understand what is going on ... we will draw a trendline in many ways .. one method of trendline trading is to draw using the highest peak ( but there are rules to follow ) and we will know how many pips it will generate .

[kodek]

Originally Posted by razz

trendline trading are very powerfull once we can understand what is going on ... we will draw a trendline in many ways .. one method of trendline trading is to draw using the highest peak ( but there are rules to follow ) and we will know how many pips it will generate .

can you explain more about trendline trading .. u seem to have experience trading using trendline .. is that as easy as we see? just monitoring the line to enter a position .. any special rules etc?

[razz]

traders use trendlines to identify trends and determine when they end or reverse. The only problem with traditional trendlines is they are subjective — 10 traders could look at a chart and draw 10 different trendlines. Proper trendline
application and analysis require consistent, objective rules.

[kodek]

this method cant be used if the news are red (give impacts to the market?) .. i cant quite understand about technique yet .. will do a little research then .. how to determine the resistance level etc ...

[zapper]

Originally Posted by kodek

this method cant be used if the news are red (give impacts to the market?) .. i cant quite understand about technique yet .. will do a little research then .. how to determine the resistance level etc ...

The resistance level can be determined once you have calculated the pivot points...

[razz]

In trendline trading method the Supply and demand create price movement. Specifically, should supply exceed demand, price declines; conversely should demand exceed supply, price advances. This is the basic economic theory accepted by all traders that creates the market. In order to illustrate this we construct an ascending line to represent demand and a descending line to represent supply. The difficulty in constructing trend lines becomes apparent when choosing the specific points to select and connect creating the trend line. As in many aspects of trading, human nature tends to interfere greatly in the proper construction of trend lines...

[zapper]

Originally Posted by razz

In trendline trading method the Supply and demand create price movement. Specifically, should supply exceed demand, price declines; conversely should demand exceed supply, price advances. This is the basic economic theory accepted by all traders that creates the market. In order to illustrate this we construct an ascending line to represent demand and a descending line to represent supply. The difficulty in constructing trend lines becomes apparent when choosing the specific points to select and connect creating the trend line. As in many aspects of trading, human nature tends to interfere greatly in the proper construction of trend lines...

Supply and demand are basic and frequent terms in economics. But, we cannot say the mood/nature of the market. Some people might go long-term, while some for medium term and the rest for short term...

[knoppixgold]

trendline is powerfull tool but we have to filter with some other tools like horizontal support and resistance. trendline will show us the current trend and also support and resistance but if the market is sideway....we'll see a lot false signal from this trendline. so before we draw a trendline....we have to indentify whether market sideway/whipsaw or trending. if trending then we use trendline....if not...well its high risk. just my 2 cent.