NAS100 MEMO

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TRENDS &
TREND-LINES

For some traders, learning to trade on the Forex is like learning how
to build a car from scratch, without an instruction manual. Many of
you have acquired quality parts, such as breaks, wheels, motors,
seats, and steering wheels, yet as you attempt to put them
together, you are not coming close to building that perfect little car
you envisioned.

To become a successful trader, you need the right parts, with the
right manual, to put all the parts together and have your car work
properly. After all, a part such as a $2.00 gasket can bring your car
to a screeching halt. Just look at what happened to the space
shuttle Challenger.

I will never forget the day it happened. At the time, I owned a

business that took photographs for NASA of all the work being done
on the space shuttle at the Kennedy Space Center. We took pictures
of all the different phases, from construction, to liftoff, to landing,
and then had a company in Japan print laser photographs of the
images for resale to the public. There were just as many employees
who worked on the shuttle seeking these qual- ity laser photoprints
as there were tourists around the world wanting them. In fact,
importing and exporting them is what introduced me to the
exchange difference in currencies, which is how I became familiar
with NAs100 trading.

God of forex
Lot of traders call me god_of_forex.i got this name from a group of
257 members,I once took R300 to R13 000 in a day 🔥🎯.the credit
below is de 100% bonus I got from jpmarkets

We have god_of_forex & forex traders you cannot compare

the two.

 “Goals on the road to achievement cannot be achieved without

discipline and consistency.”

 “The chances you take, the people you meet, the people you
love, the faith that you have. That’s what’s going to define you.”

 “The only thing stopping you from achieving your dreams are the
stories you keep telling yourself that you can’t. Don’t wait- act
now. Regret nothing.

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 “Put God first in everything you do. Everything that I have is by
the grace of God, I understand that. It’s a gift. I didn’t always
stick with Him, but He stuck with me.

 “Give other peoples opinions their right significance. Take advice

if it is constructive, and learn from it. But do not build your life
based around the opinions of others. Trust yourself and trust
your choices.”

 “When you do good, you get good! Fulfilment comes from

serving others, not just hustling to serve yourself. On the path to
success, there is always going to be an opportunity to help
someone else be successful too. Take that opportunity, and be
the kind of person who makes a difference in the lives of others.”

Done ✅ with de motivations let’s get back to the point.

Example 1

The very first thing to know about drawing trend lines is that you need at least two
points in the market to start a trend line. Once the second swing high or low has
been identified, you can draw your trend line.

Here is an example of thef first two swing lows that have been identified.

Notice in the chart above, we have two main points at which we can start to draw

our trend line. Once this level has been established, we can start to look for bullish
price action to join the rally.

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Sure enough, just a few weeks later a bullish pin bar emerged at trend line
support.

So just because we can wait for weeks hold a tread we use M15 on Nasdaq then
we apply the rules 🔥🔥🔥

There are three very important keys to drawing effective trend lines.

🎯The higher time frames will always produce the most reliable trend lines, so start
there and work your way down

🎯Most trend lines you come across will have some overlap from the high or low of
a candle, but what’s important is getting the most touches possible without cutting
through the body of a candle

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🎯Never try to force a trend line to fit – if it doesn’t fit the chart then it isn’t valid
and is therefore not worth having on your chart

As promised, I’m going to show you a way that I like to use trend lines to
determine the strength of a trend. Moreover, this method can help you spot
potential reversal points in the market.

At this point in the lesson, you know that a trend line can be used to identify
potential buying or selling opportunities. But this only works as long as the market
continues to respect the trend line as support or resistance. So what happens
when the market no longer respects the level?

This is where you have a chance to trade a market as it makes a turn from a major
swing high or low. Below is an example of a market that broke trend line support
and then retested that same trend line as new resistance.

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We can see in the GBPCHF daily chart above, that the pair had respected a trend
line for some time. However once the market broke trend line support, it quickly
retested former support as new resistance. This retest gave traders the
opportunity to sell the pair, which would have resulted in a substantial gain over
the next several days as the market sold off.

One thing to note about using trend lines in this way is that it works best when you
have a really clean trend line with three or more touches. The more obvious the
trend line is, the better this strategy will work.

We can also use this strategy to identify a bullish reversal.

Notice how shortly after breaking trend line resistance, the market came back to
retest the trend line as new support and formed a bullish pin bar in the process.

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This gave price action traders an opportunity to buy just before the market rallied
for 800 pips.

This is a great way to use trend lines to spot potential reversals in the market. It is
without a doubt one of the best ways to catch a big move as a market changes
direction.

Summary

I hope this lesson has given you a better understanding of how to draw trend lines
and how they can be used in the Forex market.

We’ve covered a lot in this lesson, so let’s recap some of the important points.

Think of trend lines as the diagonal equivalent to horizontal support and resistance
levels

Trend lines can help traders identify buying and selling opportunities that occur
within a strong trend

The higher time frames will always produce the most reliable trend lines, so start
there and work your way down

Most trend lines you come across will have some overlap from the high or low of a
candle, but what’s important is getting the most touches possible without cutting
through the body of a candle

Never try to force a trend line to fit – if it doesn’t fit the chart then it isn’t valid and
is therefore not worth having on your chart

A break and retest of a trend line that had three of more touches can often mean a
reversal in the market and a potential buying or selling opportunity

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I’m proud of you

.You know, it’s not easy going after your dreams…

Even having the COURAGE to risk it all in pursuit of your dreams…

Just having the COURAGE to risk it all while chasing your dream…let alone fighting
through all the setbacks, obstacles and naysayers on the way to your dream… It’s
not easy.

That’s why most settle. But you’re not like the rest, that’s why your listening to
this, and I just wanted to say…. I’m proud.

I wanted to say that… because I know most of you may have never have heard
that.

I wanted to say that… not because you need a pat on the back, you’re strong
enough to succeed without any of that… just to let you know you are unique. You
are a rare breed.A strong individual.

Keep doing your thing and don’t let anything or anyone stop you from reaching
that goal you have.

Trend trading is the most profitable trading system in the forex industry. Most of
the professional traders who are successfully trading the forex industry and
making the consistent profit out of it are trend traders. There are two types of the
trend in the market, uptrend and the down trend. Since it’s an advance trend
trading strategy we will further divide the trend into two parts.

The primary trend reflects the long-term movement of the price and the secondary
trend line reflects shorter price movement inside the long term prevailing trend.
Let’s see an example primary and secondary trend trading:

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In the above figure, trader draws the primary trend line which reflects longer term
price movement of the EURUSD pair.In the confluence of the trend line and
support zone a bullish morning star pattern is formed. General trend traders enter
the long position with the formation of the bullish morning star with the stight
stop loss just below the confirmation candlestick pattern. On the contrary, the
advance the advance trader gets multiple opportunities to trade with the trend.
Drawing the secondary trendline above the primary trend line requires two
connection points.

Professional advanced trend trader successfully identifies the secondary trend line
above the primary trend line. The trader enters into the long trade in the
secondary trend line with price action confirmation signal. Setting the stop loss in
secondary trend line is the bit tricky. Trader tends to use trailing stop loss feature
while trading the secondary trend line. The major reversal in an uptrend can also
be identified earlier by the break of the secondary trend line. In the above figure,
the market broke the secondary trend line and ultimately changed the trend by
breaking the primary trend line. Many successful traders often draw successive
primary trend line to gauge the strength of the prevailing trend and to protect
them from sudden reversal.

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The zigzag indicator is one of kind indicator which can help us to find the impulsive
wave and corrective wave. Professional traders use the zigzag indicator to identify
the next possible move of the wave in the prevailing trend. After extensive analysis
day, traders have come to the conclusion that this indicator works best with the
prevailing trend and stochastic oscillator.

The trend line in this strategy works as the potential buying and selling zone
whereas the ZigZag indicator helps to plot the four major points of the wave. Let’s
see how the professional trade this strategy:

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In the above figure, a valid trend line is drawn by the three major connections
points. Once the valid trend line is drawn professional traders looks for a, b, c and
d wave. It’s imperative that before the formation of the d wave the pair makes a
new higher high in the price. Once the pair makes the new higher high, traders
look for the minor retracement in the price near the trend line support. After the
price hits the trend line support with the descending wave D trader looks
confirmation signal from the stochastic indicator. With oversold stochastic
professional traders enter long in this strategy.

Setting the stop loss in this trading system quite easy compared to other trading
systems. A tight stop loss is used by the trader which is set just below the trend
line. Some professional traders look for price action confirmation signal in the
trend line to enter the market. It’s true that trading with price action confirmation
signal always gives better result but it also deprive us of the extremely profitable
trade. Here the zigzag indicators work as a replacement of wave and help the
trader to ride the new trade with the great level of accuracy.

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Trading with two exponential EMA in the direction of the prevailing trend gives
generates extreme profitable entry signals for the traders. Professional traders
prefer EMA trading in the trending market to trade in the direction of the trend. In
this system, two exponential moving averages are used to identify the potential
entry points during the strong trending market. The 100 and 200-day exponential
moving average acts as excellent support and resistance zone in any currency pair.
Professional traders take cautious entry with the help of these two EMA and carry
their trade along the trend. Let’s see an example of EURUSD trade setup using 100
and 200 day EMA:

The current price movement of EURUSD is in the uptrend since the price is trading
over the 100 and 200-day exponential moving average. Professional traders
observe the market see any potential breaching of the 100 days EMA. Once the
price breaches the 100 days EMA and bounces back from the 200 days EMA with
minor retracement, trader waits for a bullish close of the candle.

If the bullish candle closes well above the 100 day EMA trader open their long
position. Professional traders set their stop loss just below the 200 days EMA when
they enter long in the market. However, some traders prefer to trade the

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breaching EMA with tighter stop loss. In that case, they set their stop loss just
below the low of the previous candle.

The ‘take profit’ area greatly varies in this trading strategy. Some traders set their
take profit level in the key resistance level and book a decent amount of profit in
their trading capital. But the best way to trade this strategy is to use the trailing
stop loss feature by which traders can maximize the potential profit.

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