#doyourownanalysisordietryin
-
3 Trendline Strategies
Trendlines can be great trading tools if used correctly and in this post, I am going to share three powerful trendline strategies with you. But first, keep in mind the two most important concepts when it comes to drawing and using trendlines: 1. A confirmed trendline has 3 touchpoints You can always connect any two random points on your charts but only if you have a third one, you are dealing with a validated and active trendline. 2. Never cut through the bodies It is OK to cut through the candlestick wicks when drawing a trendline, but never cut through the bodies! #1 Break and Retest The break and retest strategy ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Feb 19, 2020 1:34am Feb 19, 2020 1:34am
- Bones
- Joined Nov 2007 | Status: left CanaryWharf desk-tea break | 2814 Comments
- Comment #2
- Quote
- Feb 19, 2020 2:34am Feb 19, 2020 2:34am
- Sahir12
- | Membership Revoked | Joined Feb 2018 | 441 Comments
TuriBinda
- Comment #3
- Quote
- Feb 19, 2020 3:40am Feb 19, 2020 3:40am
- Mattmee
- | Joined May 2016 | Status: Member | 127 Comments
Dragon Shepherd
- Comment #4
- Quote
- Feb 19, 2020 5:31am Feb 19, 2020 5:31am
- photoshop
- | Joined Feb 2020 | Status: Member | 64 Comments