Trendlines

Trendline Trading Strategy: Proven Techniques That Actually Work

So, in today’s training I would like to share with you a trend line trading strategy that you can use to profit in bull and bear markets.

So, here’s the breakdown for today’s training.

Number One:
I’ll share with you the secret to drawing trend lines that nobody tells you, it’s a simple three-step technique and I’ll share it with you.

Number Two:
We will talk about the trend line bounce strategy and trend line break strategy.

Number Three:
How do you achieve and find higher probability trading setups right with trend lines.

So that’s what we’ll do today. How do you draw trend lines?

First thing is that you want to zoom out your chart, so you see the big picture in the grand scheme of things. Number two right for me, I find that drawing your trend lines from right to left it’s kind of easier comparing to drawing from left to right.

So there’s no right or wrong to this but just I find it if you draw from right to left right it’s an easier for me and I’ll explain why later and once you’ve done it right you want to collect the most number of touches that includes both the body and the wick. Doesn’t matter whether is touching the body or the wick as long you can get the greatest number of touches. So, let me explain. So, this is over here or zoom and so remember first thing right we talked about zooming up seeing the big picture.

General guideline you can zoom out ten times, right? So just you know one, two, three, four, five, six, seven, eight, nine and ten. So about 10 times to kind of see the big picture.

At this point right you can see that all I want to draw the line a trend line over here, from right to left so traditionally how people do it. It’s not wrong is they draw it from left to right.

TO CONTINUE PLEASE WATCH THE VIDEO:

Keywords: crypto trading, learn to trade, crypto markets, bitcoin, bitcoin trading

hey hey what’s up my friend so in today’s training I only share with you right a trend line trading strategy that you can use to profit in bull and bear markets right so here’s the breakdown for today’s training number one I’ll share with you the secret to drawing trend lines that nobody tells you it’s a simple three-step technique and I’ll share it with you then we will talk about the trend line bounce strategy the trend line break strategy and finally right we’ll talk about how do you achieve find higher probability trading setups right with trend lines okay so that’s what we’ll do today but first alrighty if this is the first time you’re watching this video or the ten-time what a hundred times doesn’t matter give me a thumbs up and subscribe to my youtube channel the link is below just click subscribe and this way whenever I publish a new video right you’ll always be updated so do it right now okay go okay how do you draw trend lines right first thing right first is that you want to zoom out your chance or you want to see the big picture in the grand scheme of things number two right for me right I find that drawing your trend lines right from right to left it’s kind of easier comparing to drawing from left to right so there’s no right or wrong to this but just I find it if you draw from right to left right it’s a easier for me and I’ll explain why later and once you’ve done it right you want to collect the most number of touches that includes both the body and the week doesn’t matter whether is touching the body or the week as long you can get the most number of touches right just do it right so let me explain so this is over here or Z and so remember first thing right we talked about zooming up seeing the big picture so general guideline you can zoom out ten times right so just you know one two three four five six seven eight nine ten so about 10 times right to kind of see the big picture so at this point right you can see that all ze n right I want to draw the line a trend line over here from right to left so traditionally how people do it right and it’s not wrong is they draw it from left to right okay then that’s one line okay then sometimes they might draw like this over here and every nice oh this is broken right so let me just remove this so I find that it’s easier right to draw from right to left because there is less of this type of corrections so let me share with you how I would do it right so right to left click your trendline – this is the right most obvious swing high and fireback old way to the left side so at this point right what you are trying to do is to get as many touches as possible so this isn’t a perfect by any means so I’m going to do some slight tweaking as of right now so you can see that this high is being touched that’s great but somehow this one is not touch over here okay so what I could do is I could bring this one lower over here and at this point now I touch this level this one is like a kind of like a false break but still a valid touch if you ask me this is alright it’s still a touch and this is a touch as well so one thing to know about trendline is they’re just like support resistance just like any other tool right then you used to define an area of value we are dealing with areas on your chart we are not dealing with a specific level on your chart so you gotta treat this trendline s an area something like this right where you can you know draw it like an area okay so this is how you treat trend lines as an area on your chunk and a quick tip for you right if you want to visually write help you look at it as an area what you can do is you click on this trendline on true C control V now you have another parallel line right here you can attach to it right and treat it like an area and for this parallel line what I would do is I would try to you know touch it at the extreme ends of this trend line which is this one over here so now if you look at it right this trendline right you can better visualize it as an area and that’s how I would go about you know drawing trend lines and if you want right we can even press ctrl-c ctrl-v to have another line parallel to it and treat it as an area make sense okay so another example you know yet okay so as you can see over here again I’ll draw it from right to left trendline – this is the extreme highest point at the right side fire it all the way to the left okay again it won’t be perfect the first time around so I’m gonna make some tweaks to it so at this point right clearly this part over here is not involved not involve yet so let’s see if I can you know try to get it involved now to bring this down it won’t quite make sense because it will invalidate this highs so we’ll let this remain here okay so what I’ll do is possibly bring down this one lower and get involved this level of this level and this one over here as well so you can see that I have now tricked my trendline from this house over here okay because about to leave it at these highs okay it’s not wrong okay but I like to encompass right I like to give the more recent swing highs are the so-called higher waiting to it means I’d like to give it pressure preferential treatment I wanna get them involved okay so in this case right what I’ll do is that since I could shift this down right and get involved this two levels here which is this one here and here right this is how I would draw this trendline for this particular market and again right it doesn’t mean that this is the only correct trendline right because as you can see right the longer-term trend line right would be this one over here okay any kind of like point was a similar level if you project forward in time you will be around the same level as well so again as mentioned I would rather give weight age right to the more recent swing levels okay another way you can draw a trendline is to connect these two out there’s no trendline out right and you get something like this one over here okay there will be another trend line over here at this point right so yep this is also another valley trendline in fact if you draw from right to left or this one your stuff from here to here any extend is on all the way down okay but I’ll be more concerned with the recent price action so I will just leave this trendline over here and this would be the one that I’ll be watching and right as of right now okay so I give more weight age to the recent price section and this is how I would draw this trendline at this point in time for euro yen right because I again as mentioned I give more weight age right to the recent highs the recent lows the recent price action and just one last example again right New Zealand against the three spring again same tightening right zoom out okay plot it right for me I like to do it from right to left so again trend line tool from rightness to extreme highs go all the way to the left and try to get as many touches as possible so at this point you can see that okay again this is a quite number of touches but it really invalidates this entire portion over here which is the read the more recent level so what I’ll do is I will adjust it right and take into account the recent level so I’ll possibly do something like this list probably something like this okay so you can see right if I were to take this into consideration this high okay then fo how to draw it like this right I only at this point I only have like kind of like two points okay but if I to forego this most recent swing hi okay let’s see I I would do it from this highs instead okay and I connect all the way back up here over here okay and I’m sorry not besides this highs over here right and I project this down further I could get more number of touches compared to the other approach that I just done earlier so for this approach right I get one touch – touch three octavius’s four okay so this is the most number of touches right body and week so I will go with this particular trend line instead of this this most recent one here say if you want to draw this hour only of like one touch so there’s only one here and two here okay if I were to connect this one here into this manner okay you can see that there’s a lot of invalidation points that you know disrupt this trend line so I’ll remove this right and keep this trend line here at this point in time for this chat and this would be the trend line I will rest reference from right why is that again right it has the most number of touches all right and that’s the biggest criteria when I when I do right when I take into account drawing off trend lines most number of touches as well as the taking into account the most recent price action so if the most recent price action only s you know two bounds of a trend line whereas if I go further back in time I get like four or five pounds I would you don’t go back further in time and get the most number of touches okay so this is how I would go about drawing trend lines so moving on right how do you you know use trend line in your trading okay so let’s find out how do you use this in order to trade the markets so this is Aussie dollar okay you can see over here I have drawn this trend line over here right number of touches right one touch two three four and this one over here is the fifth one so when you trade trend lines right it’s only confirm right after the market has you know bounds the trend line off at least twice right so for example if I would look at this chart I know many traders you see already look at those were real or the market has bombed the trend line over here I go short at this point employ no you would right because at this point in time right you couldn’t even draw the trend line right because this level right it has not reversed from this level you do even know whether the market all right you can’t even draw the trend line because if you look at this right at this point in time you only have one pointing market which is this level over here how do you know to draw connect this highs over here when the market hasn’t even reacted to this highs you have no idea that you will draw a trendline to connect this highs does it make sense so you can only sort of like draw the trendline after it has bounced off it twice after the prices bounced off the trendline at least two times so for this one here okay so it bounced once it bounced twice then that’s a time when you draw the trendline then when it comes back at timer and then only then right can you decide that whether this is an area you want to treat from okay so whenever you trick trend lines remember you need at least a two tests of it right to kind of confirm the trendline if there’s only one bounce of it right it’s not even possible to draw a trendline okay so for this one over here right how do you actually note radius right so only to kind of like just focus on this portion over here right so over here right when you trick trendline right bear in mind that you know you’re dealing with an area on the chart you have no idea at which particular point of the area right woody reverse from would it be you know before or after the trendline so for example let’s say we are dealing with an area I can actually just you know ctrl-c ctrl-v and say that you know hey we are dealing with this this this area of trend line on your chart this area okay this area the question is right hey right now how do I know which part of the area the price will bounce from would it be at the earliest point of the trend line or would it no retrace deeper right and reverse from here well the thing is you don’t know you never know right that’s why you let the price tell you right when to get it right you let price be your kind line right and that’s that’s what we will do down here right so far in this case or in this instance right the price right has given us who’s right there the market is about to reverse a little came back in once give you kind of like a shooting star pattern for those of you who are familiar with candlestick patterns if you’re not I have one training video in the description you can check it out over a million views right so do check it out if you are not familiar with candlestick patterns right now this is one price rejection second candle market trying to close higher and this third candle light it form a bearish engulfing pattern telling you that the seller Zion control fourth candle over here this is another form of price reject rejection as the buyers try to push the price up near this house only to get rejected and closing near the lows where is poor in time right they are multiple price rejection right multiple price rejection in this area so at this point if you see multiple price rejection and this swing high and this area of resistance right shown by the trendline this is a sign of weakness and you might want to consider selling right in this market condition where do you sell right what you can do is just place a sell stop order below this swing low right and to get you trigger right towards a short side in this market right so this is one type of our entry trigger a pattern right to get you to shut this market right using trend lines because remember right you have no idea where at which part of the trail line the market is going to reverse whether the early portion of the trend line or the later portion right where the price breaks that’s a false break off the trendline and then reverse lure so since you have no idea right you let price be youkai line you watch the price section you look at how the price gets rejected right to time your entry make sense another one right brain crude oil okay so this time we’ll have a look at the in our time frame so again same thing right so at this point right if I just go over here at this point there is no way right you’re gonna buy it over here right because the trendline is not even formed yet okay so likewise at this point okay at this point it’s also unlikely you’ll buy over here why is that because if you think about this right when you when the price is over here right how you draw this trend line at that point in time would look something like this okay so me up here maybe you could buy over here maybe right but you can see that from the spot right where you draw the trendline and maybe after 100 candles later your trendline will go through different iterations and variation so you constantly tweak it right to adjust it to the current state of the market very much okay so at this point in time right the current state of the market how I would draw this trend line is like this alright and again you can see that price again bounced off once over here break above this highs came back bounce a second time break above it as highs bounce at a time right break up of this highs now we can look forward let’s see if there’s a fourth bounce at this point okay you have a price rejection right notice over here the price got rejected by this trendline again this is not aligned on your chart even though it’s called a trendline I wish a call it trend area right because if you think about this right your trendline kudos is an area on the chart and you just have no idea right which part of the which part of the trend line you will reverse whether it be the early portion of the trendline or the later portion so that’s why again you let the price be your guy alright in this case right the market did give you a signal you see that strong selling pressure into this uh area of value the trend line if you draw if you know your simple support resistance right you can see that over here this is an area of support right previous resistance become support becomes the point and is back down here into this area of support as well so you got multiple confluence vector I something I’m gonna talk about later I can see that you you got multiple factors coming together trend line support price rejection around this is like in the form of a bullish engulfing pattern telling you that the buyers are stepping in so this are you know numerous factors coming together right signaling to you that you know you might want to consider buying in this market condition okay so again right this is how you know you can use trendline in your trading right looking for their bounce looking for the additional confluence factors to time your entry okay so now so that’s off you might be thinking okay Rainer right now I understand candlestick patterns but sometimes you’re in the market it will not give you a clear obvious candlestick patterns you might not you might not former a shooting star it might not form a hammer you might not form a bullish engulfing pattern it might not be obvious to your eyes alright that there is price rejection so what now how do you how do you enter the markets alright so this is what I would cover right now so for example if you look at this this is the 10-year Treasury note futures so you can see that over here I just zoom or a little bit right and you can see that at this point right this market is in an uptrend right and if you for this particular technique right I like to overlay the trend with a moving average to the market respect so this is a healthy trend and then a healthy trend the market tends to find support at 50 MA okay so you can see over here at the market tends to find a support right and the 50 period moving average bout once twice here’s a third time in here so kind of like a fourth time so here’s the thing right again same same concept as the trendline you need a minimum of two tests right before you kind of confirm right the market is respecting this particular moving average so recall I said this an area it’s not a light so in this case right market didn’t retest the 50 MA and all right before it continues higher so now here’s the support tricky putt right Raynor at this point right but we wonder carry at this point I don’t really have any signal to to enter the trade right the market just came down lower over here there’s more bullish candles and any stats to just reverse up higher from here right there’s no you know strong price rejection there is no bullish engulfing pendant there’s no signal to enter the train trainer so what now well this is where the technique called the trend line break comes into play so what you’re doing here in this instance are is to use the trend line or as an entry trigger to enter the trade so for example the previous section what we were discussing is that you are using trend line to help you define your area of value right and then time your entry using a price rejection like you know reversal candlestick patterns but for right now what we are doing is that we are using the trend line to time your entry and how you go about doing it is that you want to draw the retracement trend line on the pullback okay so in this case gives you there is you can draw a mini trend line connecting from this highs to the size and you can just draw the trendline down if you have difficulty doing it a tip for you just go down to a lower timeframe like B for example the in our timeframe right and you can see the market structure right it would be clearer to draw a trendline okay so let me just show you to you of this on this timeframe there you have it the eight hour time frame right this is the same trend line over here and you can actually you know adjust it better to like this okay so at this point right this is how you draw the trendline on this in our time frame the price action here is clearer and you might want to consider just going down one timeframe lower to draw a trendline okay so anyway back to the daily timeframe okay so what you’ll do all right again is over here you can see the trend line that we have drawn earlier what you do is that you want to go long right only when the price is brick and close above the trend line so this what I call it the trend line break technique when the price break and close above the trend line then you go along okay so this is a very useful right especially if the market doesn’t give you any you know reversal candlestick patterns it doesn’t show any form of price rejection this is a technique that you can use right a trend line break to help you time your entry into the market moving on an example Eurodollar okay so in this case where you can see that if i zoom on the chance right euro dollar it doesn’t seem to be respecting the 50 MA and the reason being is that this is not a healthy trend this is more of a weak trend where the pullback is much deeper okay so in this case we are usually in the weak trend the price tends to either you know respect 100 or 200ma so in this case it’s actually the 200mb okay so again right same technique then you can use that you can use the trend line break effect name and again you need a minimum of two tests right to decide that to tell right whether the market respects the market or not to tell whether the market respect to tell whether you know that the price respects the moving average or not okay so one test all right price breaks down below this swing low over here we have a second test okay so now we know okay the market seems to be respecting this 200 period moving average as you know you’d hit down lower from here okay so at this point right again the market came up over here for that thing this is like the fourth test how you can time your entry again is that you can you don’t have any say any form of his price rejection what I can do is you can use the trendline technique that I share with you connect it from the swing low all the way up higher and look for a trend line break so in this case possibly right this will be the entry trigger when the price this one here when the price breaks below this trendline right this would be an entry trigger for you to go shot okay so quickly over here for you right so when you trade this trend line break okay you want to let the price come close to the moving average right before you take the trade right so what do I mean by this so for example right you look at this right at this point you know that at this point know that the market tester once tested twice and it actually came back over here and this actually has a trend line break over here okay you can actually draw a trendline right let’s be honest you can actually draw a trendline over here and take this on this list rate right towards the short side when the price breaks below this trendline but I won’t fake it right reason being is that you know it’s still pretty far away from this area of value from the 200 period moving average so if I do set my stop loss right it won’t be logical right if I were to set my stop loss above this high it’s right because technically right I am cutting my trigger into this area of value right so this is why I like to me know enter my treat as close as possible right and the moving average so I can say my stop loss right just slightly above the moving average right where it’s at a logical location right so be aware if the price is far away from the moving average and there is a trend line break there is a trade that you might not want to take because of the fact that the market retrace back pulls towards the moving average you get stopped up okay so be aware of this okay so hopefully this our trend light brake technique right make sense to you and moving on okay moving on I want to talk about the how do you actually find higher probability trendline trading setups okay so this is what we’re cover right now so earlier right so far what we have discussed so far is that you know using trend line and price section to have you time your entries or using the trend line break right to to get you into a tree so in this part I’ll just share with you right what are the tools that you can use like to find higher probability trendline trading setups again the same thing apply right when you draw a trendline zoom out your chance okay so I highlight you to this point over here this this level okay so I’ll just draw this level and you’ll see why shortly why this why this level right is significant so if you look back okay you can see that price bounced once twice right and this is the time the market came into this level on top of it right if you know simple support resistance right you can actually draw support resistance on your chunk and if you ask me right I would say there is a area of support right somewhere here not this price tested support once twice then it cut below it break down and now a retest previous support right that could become resistance and this right it’s a key point over here and this is a key level on the Cherokee area now chat why is that because you have multiple technical confluence coming together number one you’ve got this downward trend line number two you got this area of support right where previous support could become resistance number three you have price rejection right look at this price rejection multiple price rejection right here and even here I coming to this this is a key area right after which the price break down and finally one last thing right if you look at a lower time frame right there is also a brick off structure right so let me explain what this means right so if you look at this portion over here from this up move over here on the lower time frame right you can agree that it’s gonna be a series of higher highs and higher lows right because that’s where let’s how the market maker you know a higher move right so let me explain that to you right so on the forward time frame you see a series of higher highs and high looks ok so you can see that over here on the lower timeframe right you have this series of higher highs sorry higher lows and higher highs okay so where the break of structure occurred it’s at this point over here with the market meet a lower high and lower low so this is a break of structure so you can see that there are multiple factors coming in number one prices retesting the downward trend line number two is that area of value where it’s at area of resistance number three multiple price rejection on the higher time frame number four a break of structure on this four hour time frame okay so you can see that number of confluence coming together that makes this a higher probability trading setup and finally right one last example okay so this is a trait that uh has not played out yet so I want to do this kind of like in real time for you okay so you can see it over here and this is the channel a dollar gets the Norwegian krone oh all right again I will just zoom out the chance draw your trendline right to left okay so I would do it something like this right quite a number of touches touch touch touch and here and on top of it right it’s not only this area of value of the trendline but also add previous resistance right it could now become support you can see the previous resistance resistance resistance now become support so what about a price rejection on the higher time frame right now I don’t really see much of a price rejection all right this is a pretty small body small range candles right and if you look down to the lower timeframe like the forward timeframe there isn’t there isn’t a break of structure at this point in time as well so what I’m looking at for now this particular market is that if there is a break of structure right on this time frame the forward time frame or you can look at the in our time frame I’ll be looking to buy okay so let’s see the market comes up higher right and it breaks out right now you have a series of higher highs sorry higher lows into resistance right and the price breaks out you have a higher high and higher low so this is otherwise known as a ascending triangle so if I get a break of structure I’ll be looking to buy in this market condition and I’m not buying just because there’s a bullish shot better line the ascending triangle pattern no right there are multiple confluence right coming together as you’ve seen earlier here on the daily timeframe we’ve got the upward trend line we’ve got the area of support right and finally if we have an entry trigger on the lower timeframe the of structure that to me right it’s a setup right that I want to be taking make sense so let’s do a quick recap shall we so today right we talked about how to draw trend lines number one you’ll see the big picture ideally those zoom on your chest 10 to 15 times I draw from right to left but you can do it from left to right as well is there’s no right or wrong I like to focus on the getting the most number of touches including above the body at week and also giving a way page right to learn more recent price action but between the two right I will try to get more touches than the recent price action so if I example if I get if the recent price action only gives me let’s say two touches but let’s say the the the I could adjust in a way that I get four or five touches I will go with the one with the more number of touches then we talk about the trend line bounce right how we can actually look to trade off this a trend line when it serves as an area really we’re looking for a strong price rejection can be the form of a hammer bullish engulfing pattern shooting star cetera the bigger the better the stronger the price rejection right the better it is okay trend line break right so what if you don’t have any form of reversal candlestick patterns what no that’s where you can use the trend line break technique right to surface an entry trigger to enter a trade this is especially useful right if the market respects a certain moving average she comes close to the moving average but I don’t have any let’s say you don’t have any pattern to go lock the trend line break timing is a useful technique to you to use and finally right we talked about improving your odds right using you know multiple confluence factors like you know support resistance a break of structure on the lower timeframe and much much more right so hopefully this training video gives you a good idea right on how we can you know adopt trend line in your own trading and before I go right if you have enjoyed today’s training then I’m pretty sure you’ll also enjoy this particular trading guide that I have for you the ultimate guide to price action trading we’ve talked about you know candlestick patterns support resistance and much much more so trade line is just one aspect of price action trading we will also cover the other aspect in this guide over here you can download it for free just click this orange button and I’ll send it to your email for free so with that said right I have come to us the end of today’s training right if you’ve enjoyed it at times a button and subscribe to my youtube channel the link is all below and if any comments for me rival any topic that you want me to cover in my future video right leave it below right I have a look right and I’ll do my best to help so we that’s it I wish you good luck and good trading I will talk to you soon you

 

602, 2020

Trendline Trading Strategy: Proven Techniques That Actually Work

By |February 6, 2020|Categories: Bitcoin, Business, Strategy, Trading Platform|Tags: , , , , |Comments Off on Trendline Trading Strategy: Proven Techniques That Actually Work

So, in today's training I would like to [...]

3101, 2020

How to trade on Bitseven, Earn bitcoin from Bitseven !!!

By |January 31, 2020|Categories: Crypto Market, Trading Platform|Tags: , , , , , , , , , , , , , , |Comments Off on How to trade on Bitseven, Earn bitcoin from Bitseven !!!

hello everybody and welcome to another video on [...]

2001, 2020

How to Combine Trading Indicators (This Separates Professional Traders from Amateurs)

By |January 20, 2020|Categories: Crypto Market, Indicators, Strategy|Tags: , , , , , , , , |Comments Off on How to Combine Trading Indicators (This Separates Professional Traders from Amateurs)

Knowing what indicators to use and what is [...]

 

Go to Top