Trends Advice

[blazejohnny03 10]

Hi everyone, im new to both this forum and trading scene.. i have so many wuestions that i would to ask but the one that really confuses me is drawing s/r lines for upward or downward trends. I really dont know where to draw the lines esp if there is a pullback it really confuses me even more. please any advice on how to do this would be really helpful!!

[wrbtrader 10]

https://www.google.ca/#q=How+to+draw+trendlines

 

Next, to get specific help...you need to post lots of charts here of whatever price action you're learning/trading with trendlines that represent what you learned from the above link.

 

You can then ask further questions about what you've learn after you've posted charts of the price action you've been learning/trading. Hopefully, someone can then respond and answer your question after you've done some self study from your Google research.

Edited March 3, 2014 by wrbtrader

[Tradelikespock 10]

here ya go! Starts with #65

 

http://thepatternsite.com/Tutorials.html#P5

[pro4Xtrader 10]

Normal, or regular trendlines are not of a big use, the ones that would give you an early signal are those that you develop yourself. Not develop a trendline ... but a method how to draw them.

 

Good luck

[divyanshisharma 2]

1. Trade Only in Liquid Stocks.
2. Stay Away from Volatile Stocks.
3. Trade in Good Correlation Stocks.
4. Follow the Market Trend before deciding the Right Stock.
5. Pick the Stock you are most confident in after Research.

[CrazyCzarina 17]

As forex market is a volatile market for traders, therefore having a  positive mindset before entering into forex trading with consistent  efforts is important .