Trendline Trading Strategy Secrets Revealed

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Trendline Trading Strategy Secrets Revealed

Drawing key levels is a core part of technical analysis.

The problem is the technique can be so confusing to newbies because marking

them on a chart is very subjective!

It is mainly due to the amount of conflicting information out there, traders get really frustrated with getting the process right.

If you give two traders the same chart and ask them to each plot a line – you will probably see two very different results.

In this guide, I am going to show you my way of drawing a trend line and give you a demonstration on how I use them.

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How To Spot Price Action Setup Around 8ema And 21ema

In this forex trading lesson, am going to share with you

Price action Trading setup around the EMA that 

drive the market.

 Price action is more active around the 8ema and 21ema. 

Price action setup above or below is a sign of confirmation for continuation or reverse trend.

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Learn How To Spot Fakey Setup Patterns

What is a fakey price action pattern?

A fakey pattern set up in the market means that a false-breakout of an inside bar pattern has occurred. 

In other words, a fakey setup is when price initially breaks one way from an inside bar pattern but then price snaps back the other direction, creating a false break of the inside bar structure. 

How to Build Your Own Forex Trading Plan

I get a lot of emails from traders regarding Forex trading plans, and from reading these emails I have found that most traders either do not have a trading plan, make their trading plan too complicated, or don’t know how to build one. 

So, today’s lesson is going to provide you with some insight into exactly why you need a Forex trading plan and then I am going to give you an example trading plan so that you know how to build your own. 

Let’s get started…continue reading how to build your own forex trading plan

6 POWERFUL TRADING PSYCHOLOGY QUOTES FROM MARK DOUGLAS

Any Forex trader with even the smallest amount of trading experience will understand how much of a crucial role trading psychology plays in your trading success. Forex trading is one of the toughest, if not the toughest mental challenge you will ever face in life. Read further   .6 powerful trading psychology quotes

 Money Management Strategy To Increase Profits

In today’s lesson I am going to teach you guys how to “trade with the market’s money”. 

That’s right, I am going to show you how to scale in or “pyramid” into a winning trade, without taking on more risk. 

 This essentially means you will add to an open winning position without taking on more risk and possibly even creating a risk-free trade, all while dramatically increasing your potential profit.

It’s not too good to be true, but there are certain times when scaling into a trade works better than others, which we will discuss in today’s lesson.

 (Note: scaling in is the same thing as adding to a position or pyramiding in)

Read further Pyramiding – A Money Management Strategy To Increase Profits