Trend lines in the Zone Trade
To find a trend line on a chart, you need to look for two points – two swing highs for a downtrend and two swing lows for an uptrend.
Drawing a trend line in a downtrend
For a trend line in a downtrend you are looking for a higher high followed by a lower high. You draw a line from the first high to the second high and extend the line out on the chart . You will look for a long trade when the price returns to the trend line for a third time. Unlike the traditional method of trading with trend lines, instead of entering into a short trade at this point, you will wait until the price breaks through the trend line and tests it again from the other side as support.
Drawing a trend line in an uptrend
For a trend line in an uptrend you are looking for a lower low followed by a higher low. As with the trend line in an uptrend, you draw a line from the first low to the second low and extend the line out on the chart. You will then look for a short trade when the price has broken through the trend line and tested is again from the other side as resistance.
In either case, you are looking to see if the testing of the trend line from the other side happens in confluence with the price retracing into the zone in order to look for a set up.
Catching Knives - Counter-Trend Trading Strategy
This trading course will teach you a counter-trend strategy, which is very powerful.
The 79% Pullback Pattern Strategy
When trading in the direction of the trend, the most profitable way to do so is to wait for a pullback – a temporary change in the direction against the trend, before it continues on. The 79% strategy uses a combination of Fibonacci, fractals and swing highs/lows to find the optimal point to enter into a trade.
10 Bar Breakout Strategy
This trading course gives you a very simple trading strategy which you can trade easily in the evening as a working person.