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    Thread: TrendLine Strategy #1

    1. #1
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      Salleh Ibrahim is on a distinguished road Salleh Ibrahim's Avatar
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      Default TrendLine Strategy #1

      Look for High-Low Waves

      To be able to use trendline, of course we need two price points to be connected
      thus forming a trend line. To make a UPTREND line, we need two points
      low wave. To make a DOWNTREND line, we need two high points
      wave. Then how do we determine high-low waves? Actually we are free to choose
      the highest price anywhere but in the strategy that I use this I use the ZIGZAG indicator
      to determine the high / low point.

      ZIGZAG that I use uses the following settings:
       ExtDepth = 20
       ExtDeviation = 5
       ExtBackstep = 3

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    2. #2
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      Default

      The Trendline Trading Strategy is a forex price action trading system that is designed to trade the price bounce off the trendlines. You will notice on your charts that price does two things when it comes to a trendline: it bounces off it which means it obeys the trendline or


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