Thursday, November 1, 2012

Something Special for trend line trading


U must have to know:


  • Daily chart shows data of 1-3 yrs this is long term trend
  • 4hrs chart shows data of 6 months this is intermediate term trend
  • 1hrs chart shows data of 1-3 months this is medium term trend
  • 15 min chart shows data of 1-3 wks, this is short term trend
  • Trend line will be retested after broken

What will happen when trend line is broken down:

  1. See new higher high or lower lows atleast 2 
  2. See stochastic Oscillator
  3. See candlestick pattern
  4. Break out of outer trend line will reverse the trend
  5. look for fibbos , fibbos angle to coincide.



No comments:

Post a Comment