Your support is fundamental for the future, to continue sharing the best free strategies and indicators.


78# Trenline Manual System

Trendline continuation and breakout trading

Advanced trendline strategy. Pure price action analysys.

Submit by Dimitri

 

Trenline Manual System is an advanced trendline based system in relation to support and resistance levels, so a pure price action system based on price action. Quest trading system is a perfect tool to analyze the market and make predictions based on price action. In other words, this is also a technical analysis tool for making market forecasts based on price action. For technical analysis and to make more reliable forecasts it must be used from the time frame or higher. For example, if you want to establish a robust trend, you need to look at the H1-H4 and daily time frame chart if they agree the trend is solid and the forecast can be reliable.

 

To trade you always need to start from the supports or resistances and enter the trendline breakouts or the continuation of a movement.

Time frame 1 min or higher

Currency pairs: any.

 

Metatrader 4 Indicators

Trendline 1

Trendline 2

Symbolol changer.

 

Trading rules Manual Trendline

Choose whether to trade on continuation of a movement or at the breakout of a trend line.

Breakout

Buy

Price bounces Supporte zone.

Entry when the price breaks the trend line.

Continuation

Trend is up, price bounce on support, the price is above the trend line.

The most important thing is to identify a certain trend up confirmed on two time frames higher than the one you want to trade.

 

Breakout

Sell

Price bounces resistance zone.

Entry when the price breaks the trend line.

Continuation

Trend is down, price bounce on resistance, the price is below the trend line.

The most important thing is to identify a certain trend down confirmed on two time frames higher than the one you want to trade.

Exit position

Place initial stopo loss below/above support/resistance zone. Profit Target at the levels of murrey math or at the previous SR Zone or with ratio 1.1 minimum stop loss.

This system is very discretionary, It is an excellent tool for doing technical analysis based on price action.

 

I recommend using this tool to trade only as a continuation of the trend, it is simpler to switch even to the breakout if more experience is needed otherwise you take many false signals.

In the pictures Trendline Manual system in action.

Trenline Manual System
Trenline Manual System
Trenline Manual System
Trenline Manual System
Trenline Manual System
Trenline Manual System
Trenline Manual System
Trenline Manual System
Trenline Manual System
Trenline Manual System

Share your opinion.

Comments: 0
Trenline Manual System
Trenline Manual System
Trenline manual system.rar
compressed file archive 110.9 KB
https://www.forexstrategiesresources.com/.../60-trendline-demark-breakout- system/
Submit by Frank 03/06/2014. Trendline Demark breakout system is a forex strategy based on the trendline price action. Markets: Forex, CFD, Futures, Indices, ...
https://www.forexstrategiesresources.com/.../6-trend-line-breakout-and- fibonacci/
The main trend line, should represents main direction of price. While the smaller trend should represents the minor – inner - trend, going in the opposite direction  ...
https://www.forexstrategiesresources.com/.../581-5-minute-trendline-scalping/
5 minute trendline scalping is a simple trend line breakout method with Metatrader 4 Indicators. In other words this also an high/low scalping breakout.
https://www.forexstrategiesresources.com/.../117-trendline-system/
I call this trendline trading strategy because it involvesdrawing trend lines using ... I draw trendlines in the daily or on the 4rhly charts chart then switch to the 1hr ...
https://www.forexstrategiesresources.com/.../104-tom-de-mark-trend-line- strategy/
104# Tom Demark Trend Line Strategy Trading System. Submit by Joy22 Setup Chart 1. EMA (exponential moving average)9 , Ema (exponential moving ...
https://www.forexstrategiesresources.com/.../116-trendline-forex-entry-signal -two-high-probability-setups/
However, using a trendline bounce by itself as a Forex entry signal is too risky. There have to be other factors. Once you have drawn the trendline you now have  ...
https://www.forexstrategiesresources.com/.../forex-books-about-trend-line-e- pattern/
https://www.forexstrategiesresources.com/.../119-sperandeo-victor-trendline- method/
Very simple method trendline Sperandeo was named “Changing trends in the one-two-three” (1-2-3 change of trend). The process of constructing a trend line by ...
https://www.forexstrategiesresources.com/metatrader.../trendline.../2/
Free download Indicators Trendline for Metatrader 4. . All Indicators on Forex Strategies Resources are free. Here there is a list of download The Trendline ...