Sunday, October 10, 2010
Let's play with Trend Line
Labels: Forex Articles |
The trend line is an indicator that I think is quite interesting to touched, because we are free to draw the trendline in accordance with the taste.
How do we attract the benchmark trend line? The trend line can we draw from highke high and low to low.
Approximately results as shown in the chart below:
Then, what information we can from the pull of the trend line? Mmm ... let us examine more closely Wink
Chart above photographing condition when the trend line that I pull on the chart of GBP / USD hourly time frame into a kind of limiting price movements. Its function is approximately equal to the limits resistant. Prices above 1.4836 on the chart becomes a kind of resistant to the movement of the GBP / USD. Where can pass, the trend will continue to rise, but if it fails, he will descend to later try again later Cheesy
The trend line also can be reached in such a way as to form a channel, such as the pull of one of my mentors follows:
Well, how? My fun playing with trend line and channel?
Sure ... need a little patience to pull this trend line, but from a simple indicator of this, it turns out we can also get a lot of interesting information. And the pull of trend lines, patterns that we can sometimes make me more and fell in love with the chart in front of me.The movement of the chart that briefly appear at random, if we observe more carefully, it turns out to form a fairly consistent pattern.
That is why I often idly tugging at the trend line is just pull here pull there, the result? We can know the behavior and what is being done by one pair example: "it turns out the GU is trying to break high, he succeeded or not.
Trading is an exciting activity.
How do we attract the benchmark trend line? The trend line can we draw from highke high and low to low.
Approximately results as shown in the chart below:
Then, what information we can from the pull of the trend line? Mmm ... let us examine more closely Wink
Chart above photographing condition when the trend line that I pull on the chart of GBP / USD hourly time frame into a kind of limiting price movements. Its function is approximately equal to the limits resistant. Prices above 1.4836 on the chart becomes a kind of resistant to the movement of the GBP / USD. Where can pass, the trend will continue to rise, but if it fails, he will descend to later try again later Cheesy
The trend line also can be reached in such a way as to form a channel, such as the pull of one of my mentors follows:
Sure ... need a little patience to pull this trend line, but from a simple indicator of this, it turns out we can also get a lot of interesting information. And the pull of trend lines, patterns that we can sometimes make me more and fell in love with the chart in front of me.The movement of the chart that briefly appear at random, if we observe more carefully, it turns out to form a fairly consistent pattern.
That is why I often idly tugging at the trend line is just pull here pull there, the result? We can know the behavior and what is being done by one pair example: "it turns out the GU is trying to break high, he succeeded or not.
Trading is an exciting activity.
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