Forex Trend Line Strategy

Forex Trend Line Strategy

At this point, you decided to enter a LONG trade and happily click on the BUY button. Somehow, the market suddenly reverses and all you can do is sit and watch how the price slowly moves toward your stop loss.

To make things worse, the price moves back up in the direction you have entered your trade earlier on and you start to ask why don't you set your stop loss further away.

All the indicators may be showing you that an upward movement is coming and you have a trend line break BUT

The above is one frustrating problem that most traders face when they are trading. Without exception, I used to have the same problem when I first started trading a few years back.

When I see a trend line break, I will quickly enter a trade only to find the market starting to reverse after I have entered my position.

This did not just happen once and in fact it happened so many times that I started to think that the market was trying to go against me.

It took me quite sometime to know why I am always at the wrong side of the market and things started to change for the better after that.

One of the reasons I am always on the wrong side of the market is because of the trend line I am drawing. Most people think that trend line drawing is very simple and therefore do not pay much attention to it. In fact, do you know that your trend line is changing every now and then? The reason why the market reverses once you enter a trade at the point of trend line break is because the break did not occur at all!

I will be showing you how you can verify if a trend line break really does occur with the help of an...

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