Nov 18 2011, 11:44 PM
QUOTE(odin140 @ Nov 18 2011, 09:40 PM)
Can anyone explain how does the channel and trend line works? How to differentiate sideways from up or down? And most of all not forcing the line on the market? Don't get it on baby pips. A lot more for me to learn.
You need time to learn how to draw, identify and trade a valid TL.Of course have to be prepared of scenario where you have an invalid TL drawn.
An example of TL on today EU chart.
Long @ breakout of TL (of course with some other supporting TA + proper money management).
You may want to try checkout at AU m15 chart. Very similiar TL to this EU, which yet to be broken.
This post has been edited by mphpopular: Nov 18 2011, 11:47 PM
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