Stop drawing trend lines yourself and use the advanced trendlines indicator for Metatrader 4. This indicator draws key support and resistance trend lines on any chart and time frame. It also comes with projected price targets based on the breakout of support or resistance trend lines. Download link: Click here to download the AdvancedTrendlines.ex4 indicator […]Continue reading
The Pin bar Forex Reversal strategy offers traders the ability to trade price reversal in the market securely and in a profitable manner. Being able to spot pin bars around areas of support and resistance is key in spotting buy and sell opportunities in the market. Chart Setup MetaTrader4 Indicators: 200 EMA, Disparity_Index.ex4 (Input Variable […]Continue reading
Personally, the rainbow guppy system invented by the Wicker is one of the most powerful forex trading systems i ever came across that can be used in many different yet profitable ways. Here’s how I use it in conjunction with rising and falling trend lines. It’s pretty easy and straight forward. The rainbow trend line […]Continue reading
The 15 Pip Breakout Forex Scalper strategy is an excellent strategy to trade short-term trend reversals. This scalping method consists of a trend line and a few indicators to predict where to buy and to sell in the fast moving currency market. You should be rest assured of profitability and consistency in the number of […]Continue reading
The use of trendline channels are a very easy way to determine profit target levels in forex. How does it work in downtrends? You go short at the upper trendline and take profits at the lower trendline. How does it work in uptrends? You go long at the lower trendline and exit the long trade […]Continue reading
When a break closes above/below a trend channel or to close above/below a critical support or resistance level, a sustained break is said to occur. The Sustained Break forex trading strategy is a system designed for use on price regardless of if it ranging or follows an uptrend or down trend market. Chart Setup MetaTrader4 […]Continue reading
Price action in the forex market forms trend lines and is kept in check by trend lines. It is a well-known fact that as one trend line is breached, another one takes shape and the cycle is sustained. The Rising Trend Line forex reversal strategy is designed around trend lines to offer currency traders valid […]Continue reading
If you’re looking for a very profitable forex pattern that can be seen on all time frame’s and currency pairs, then look no further. It’s called the 1-2-3 trading pattern and forms on every market turning point. The 1-2-3 Forex Reversal Pattern strategy offers traders buy and sell signals based on the popular 1-2-3 pattern […]Continue reading
Trend lines are line tools that are used to link the highest or the lowest prices that are represented on the activity chart. Their ability to map out zones of support and resistance leads to quick identification of price breakouts. Moreover, if you add some basic technical indicators to this line tool, what you’ll have […]Continue reading
The trend line candlestick pattern strategy is a two step low risk forex trading method that works for all currency pairs and time frames. It’s a simple yet profitable strategy to trade the forex market. How it works? The first step is to determine the primary trend by drawing a trend line. The second step […]Continue reading
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