at least 5pips below the LOW of the candle that touches or intersects the trendline. Setups, now that we are done with the basic first steps, it is time to learn the set ups You will learn 5 price action set ups combining at times, Support Resistance, Trendlines, Major, psychological Numbers, and also, fibonacci Numbers. Indicator: I use only 1 Metatrader4 indicator called Swing ZZ(zz for zigzag ). (4) As trade moves in my favour I move stop loss to at least 5 pips just under each higher subsequent higher swing lows that form.
Rar compressed file archive.2. HeikenAshi trends candles : Blue there are a lot of bulls in trend. Long entry rules: Just do the exact opposite of short entry. T he trendline can be the daily, 4hrly or the 1hr trendline. Blue bullish trend buy, red bearish trend sell.
Golminer 2, sHI Silver Trend alert. (3) I place my profit target within the level of the previous high. I call this trendline trading strategy because it involves drawing trend lines using the swing highs and lows of the. Short entry example: The attached is 4hr USD/JPY chart showing short trades that could have been taken and would have been very profitable using this strategy. Instant Trendline Filter trend confirmation (green and red line) it will be later about them. The more that we have clustered in a price range, the better the odds of the trade.