Trend Line Trading

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Watch Forex Trend Line Trading for MT4
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Trend lines are a part of many trading
techniques and forex systems. It is used to
indicate how price has trended in the past and
most important to predict movements in the
future. One of the most commonly accepted
principles of technical analysis states that the
trend once established, has greater odds of
continuing than of reversing. Then the most
profitable, lowest risk opportunities will come
by trading retracement-style set-ups in the
direction of a confirmed prevailing trend.
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On the other hand, a trend cannot persist
forever, as such, downtrends evolved over time
into up-trends, and then mature up-trends must
devolve again into down-trends as the market
cycle continues throughout history.
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There are many different kinds of trend lines

• Trend lines can be horizontal or vertical and
  anywhere in between. Generally, a trend line is
  drawn with a slope to mark even the most modest
  uptrends or downtrends in the market.
• Horizontal trend lines are also very popular
  for showing support and resistance lines at a
  common price point. It is fairly common that the
  market can trade wildly around a common price
  point and do it even over the course of time.
  "Round" numbers such as 100.00 or 10.00 are
  more likely to be a place for a horizontal
  support or resistance because traders like to use
  round numbers as entry and exit points.

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How do you profit from trends?

• There are two methods to trade a trend. In
  trend line trading. The first method is to
  anticipate that price will touch the trend line
  and make a rebound, and market move in the
  prevailing direction of the trend again.
• You will open a position in the direction of
  the possible reversal with a stop above where you
  think the turning point will occur.

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Don't place this order until the reversal has
happened. The setting of the stop loss must fit
within your risk management plan.
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The second outcome you will see in trend line
trading is when price breaks the trend line and
this term is usually called trend line break.
Trading trend line break is a popular strategy in
forex trading.
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When the market ignores the trend line and
breaks beyond with great strength then a change
in the original trend would have occurred. Now,
the trader opens a position in the direction of
the new trend and sets his stop loss behind the
proceeding trend line. The stop loss must also
fit within his risk management plan.
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The problem with trend line trading is that it
is too time consuming and trend line trading
requires constant monitoring of the markets
during active forex trading hours. That means
that this style of trading is not suitable for
part-time traders who have a day job.
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Not to worry, we have found a great tool which
makes trend line trading possible for even the
part time traders as 15 minutes a day is more
than enough to set up at the popular Meta-Trader
4 forex platform to trade trend line system.
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Forex traders can now set up and leave the
remaining work to be carried out by the software
while he can perform other daily work. At the end
of trading day, the trader will review how
his/her trading system performed for the day.
Using this kind of effective and time-saving Mt4
trend line trading tool allows for minimum
emotions and stress during the active trading
hours and free up the traders time so that he
can concentrate on doing the more important
things in his life.
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