Trendline and hegding

Hi
How do i draw trendline and what are the benefits and also is hedging really important i mean what is the advantage. thanks

Hi Jolabiyi1

Trend line Basics

Swing Highs & Swing Lows

3 candle pattern

Indicates a price peak or trough

Indicates trend formation

Both High and Low points

Connect “Swing Points" with a straight line and extend these lines to the future

A swing High is where the high of the candle in the middle is higher than the candle on either side.

Then we look for the previous swing high and draw a line joining them both together and extend them out to the future and generally look for price to break up through the trend line

A swing Low is where the low of the candle in the middle is lower than the candle on either side.

Then we look for the previous swing low and draw a line joining them both together and extend them out to the future and generally look for price to break down through the trend line

FOR AN UPTREND USE THIS

PSL = Previous Swing Low
HP = High Point
Pips= Points
TLB = Trend line Break
TARG= Target


THE FORMULA IS AS FOLLOWS:

UPTREND

PSL- HP = PIPS
TLB - PIPS = TARG


FOR A DOWNTREND USE THIS

PSH = Previous swing High
LP = Low Point
Pips= Points
TLB = Trend line Break
TARG=Target


THE FORMULA IS AS FOLLOWS:
DOWNTREND
PSH - LP = PIPS
TLB + PIPS = TARG


Now to be on the safe side exit trade when within 5-10 pips of target area. Now this is only a small part of how I trade so by its self it is not the holly grail so use it to give yourself confidence with your own system.

With hedging just type hedging in the search engine and there is plenty of posts that will explain it for you.

Hope this helps Go Getter

Also use the search feature of this forum... full of answers to the many questions your asking. You may want to check there first before posting.