Trend Line Price Action with MACD strategy

Quoting afolabiay

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Things you need to understand using this MACD and trend line is 1. To draw the line accurately 2. To time your entry 3. Know the market sentiment or trend. Seeing a breakout does not mean it is a long or short signal..but you need to know whether there is a news reacting to it, for example NZD Interest Rate news Previous 2.50 Forecast 2.75..there are rumors that 90 percent of the economist says that the interest rate will hike.. so we have 90% assurance that we are going to have the Actual at 2.75.... with this kind of information then we will see...

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Quoting medIce

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And i have another question: How would you draw trendlines in this chart. Its GBPUSD 4h.. {image}

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Quoting afolabiay

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{quote} i have drawn it... i trade for a living and that is what i still do till now, and i still use this strategy not only that i use the break out for trend change confirmation and sentiment... which make me trade the news with ease {image}

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Quoting medIce

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{quote} Thanks for clearing me up. Are you interested to explain breakout from trend change confirmation and sentiment to us?

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Quoting arlucad

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like your strategy but dont understand very much

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Quoting afolabiay

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GBP JPY set up {image}

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Quoting medIce

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{quote} What are those "green zones"?

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Quoting afolabiay

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{quote} those green zones are support and resistance zones

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Quoting medIce

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{quote} Do you trade breakout/breakdown when price goes trough whole greenbox or is it enough when it goes just trough one line. Sorry for questions, but i just want to learn as much as possible. edit: can you correct my chart if its wrong. Upper trendline may be wrong as i set it up to top of wick im not sure should just draw to top of candle not wick(shadow)? {image}

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