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Trend lines like you never know it before

MJ2008

Platinum Member
VIP Member
Hello

Trend lines are one of the most powerful technical tools that I know .
But I've used it a completely different way for common uses of which we read about every day. As the optimal use of this powerful tool is in the following words :

Any break for the trendline is a fake and an opportunity to enter with the general trend (just if this break come of high momentum , break shall be True ) .
Even if the Break occurred true, dont enter with the break coz it is the most intrigue area , and wait for recheck and you well be save to enter with the new trend .

Explanation well be next post .

Best Regards
MJ
 

MJ2008

Platinum Member
VIP Member
Hello

Lets explain each sentence in the statement that I mentioned :

1 - Any break for the trendline is a fake and an opportunity to enter with the general trend .
In the case of the downward trend, for example, draw a line between the two top :


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Every time price trying to break the trend line We deal with this break that
it is fake , and the price well keep move down As in the example :

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After a false break, we modify the draw trend line from the first top to the fake break top As in the example :

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After the re-drawing the trend line repeat the process that was mentioned in the first ,Since any attempt to break the trend line should we consider it fake breaking , And that the trend will continue and will not be reflected .

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Then we Redraw a trend line :

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Any attempt to break the trend line should we consider it to be a false break .

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Then we Redraw a trend line :

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Any attempt to break the trend line should we consider it to be a false break .

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Then we Redraw a trend line :

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So on So on ,,,,,,,,,,,

Well be continue
Best Regards
MJ

 

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thanks majjed - nice idea - what would you consider best SL and TP for the 'false trendline break' strategy? ;)

and.... could an ea ever be made from this?
 

Dirk58

Member
great stuff

great stuff

great stuff majjed. A bit like Bob Iaccinos system, he always does trading with trendlines and..... space.
Hope you continue this one soon.
 

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