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    Thread: How we can draw a trend line?

    1. #11
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      we can draw trendline by connecting two high points or by connecting the two low points so guys always do your deep analysis before opening of any trading position.trendlines often provides us the levels of support and resistance


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    3. #12
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      drawing a trend line is easy all you need to do is just make sure that you connect all the lower prices and and all the higher prices and then make sure you do your best to make sure you are good to go.


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      drawing trend line is an art its not about just connecting two support or resistance level we have to draw 2 trend line mid term and long term n best way of drawing trend is with the help candle stick pattren


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      i do not think that drawing trend line require candle stick or some thing like that well i think that you did not express clearly whats in your mind drawing trend line is just about connecting at least two highs or two lows


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      thanks for sharing this information, trend line is my favorite way for trade, and as new trader i ever got difficult in draw trend line, so i think this will help full for new trader
      but for me i only take low to higher low or lower low for trend line and also hig to higher high or lower high
      Nekad Trading the best forex trading strategy


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      I want to add that drawing a trend line depends so much on your strategy ... when you draw the trend line you can take the tip of the tails or shadows ... or the body of the candles or the average of the candles ... if you are taking the average of the candles you may use the zigzag indicator to help you then which method should i use depends much on my strategy if i seek only 10 to 20 pips then i should focus on the tips and not the average but i should make my decision carefully and think twice before i open a position but if i'm a swing trader the it won't matter so much few pips difference
      Also it depends on the currency pair as for the pairs with JPY you should be forgivable for about 20 pips as it easily bounce from the trend line and return with an amount of 20 pips


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      Try to pull the line at the highest price on a big time frame like H1, see it in H4 chart and above, and also the lowest price do the same, and watch the chart, is there any cross line formed? If yes where is it? It's upside, or downside? And after that, move to the lower time frame, do it again put that line, and see what you think about the candle movement when hit the cross of the trendline.


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      You will find the right way in this pic [IMG]https://media.daily**.com/illustrations/2013/08/20/3_Tips_For_Trendline_Trading_body_Picture_4.png[/IMG] ..
      The more times a trendline has been hit and respected with a bounce, the more important the market believes that it is.


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      it really hard for a new trader. but if you practice then you will don it. but be careful bro. the like trader trade with the line just and if the trend line drawing wrong then you will get loss maximum time. so be careful to draw it.
      search the Google to resource file.


    11. The Following User Says Thank You to biplabdas For This Useful Post:

      dabu (06-17-2014)

    12. #20
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      bro, have some trading tools which can automatic draw the trend line. but you need to draw the support and resistance line. because it is not good to trade with the zone. because the broke of the zone make a big movement which you have to catch.


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