Trendline trading skills are being used every single day for trading and have provided many traders numerous opportunities in trading.

2. Let me first declare my love for trendline
trading, support and resistance. These essential trading
skills are being used every single day of my trendline
trading life and have provided me numerous
opportunities in trading. They also require me to take
years to develop the skill be good and quick at drawing
them.

4. The support, resistance and trendlines plotted
thrown together with the price chart will create a huge
amount of vital information waiting to be extracted for
detailed analysis. This requires lots of time and effort.
At the same time, the analysis that is coming up
contains subjective elements.

5. In the long run, a trader will be able to identify
and plot these levels easily. In order to speed up the
learning process it is always good to compare the
analysis done to the analysis from software programs
such as Autochartist or any other charting software
service as a guide. This will greatly sharpen a trader’s
observation skills and techniques. The catch is to do
the analysis manually first before seeking automation
service from other sources.

7. • In an uptrend, we link the bottoms of swing low and
Trendlines previous swing low together. We will sell the
moment price breaks this trend line to the
as an entry downside. In a similar fashion, this time in a
downtrend scenario, we connect the tops of the
trigger swing high and the previous swing high together.
Now we will be taking a long trading position.
• Trading on reject works in the logic that price will
revert to its previous ranging environment and
Trade on breakout is likely to be a wrong breakouts. A group
of traders who particularly like this type of trading
reject style are people who tend to fade breakout because
they believe that 81% of all breakouts are false
breakouts.

8. I have some tips for traders who wish to
do it manually and develop that good ’eye’ as a
foundation to trendline trading. In order to
draw really reliable trendlines or horizontal
lines:

9. 1. Work with market memory on the price chart
- Meaning that a trader should work on a time frame where the
market memory is not too long or too short to plot his
trendlines so that it is still relevant to the current market.
2. Note the number of ‘contacts’ that a trendline is making
with the price
- More contacts makes the line more significant thus reflecting
that the price is giving more respect to the trendline that is
being plotted. That means the trendline is most likely a major
trendline, support or resistance.

10. 3. The spacing between contacts should have a healthy
spacing
- This indicates a more impactful trendline that is being plotted.
4. The proximity of the trendline, support or resistance to the
current price
-Is the current price far from the trendline or close to it?
Whereby being closer might indicate that the trendline might
have some effect on the current price near term.

11. These are just some pointers that I have observed and
learned from through the years which aids me in developing
my foundation in plotting trendlines, support and resistance.

13. Never rush to succeed the first few times if a trader
doesn’t get it. Practice makes perfect and with a good
foundation in charting, I am sure whatever strategies applied
no matter how complex it might be, a trader’s market analysis
will never go horribly wrong.

14. What if you just couldn’t trade Forex
effectively with a day time job? I know how
hard it can be to trade Forex manually, but if
you want to really be successfully trading your
own unique manual system, you need to learn
a single method that works amazingly well.

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