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When To Tweak The Trendline Rule

The document discusses how to tweak trendline rules based on recent highs and lows, support and resistance areas, and supply and demand levels. It also provides examples of when to skip trades, wait for reactions, or look for obvious support and demand levels. Additional PDFs are referenced that explain how to use trendlines and candlestick patterns to trade with the trend.

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Charis
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32 views4 pages

When To Tweak The Trendline Rule

The document discusses how to tweak trendline rules based on recent highs and lows, support and resistance areas, and supply and demand levels. It also provides examples of when to skip trades, wait for reactions, or look for obvious support and demand levels. Additional PDFs are referenced that explain how to use trendlines and candlestick patterns to trade with the trend.

Uploaded by

Charis
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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#2

3rd October 2013, 10:53 AM


WHEN TO TWEAK THE TRENDLINE RULE
There are moments when the trendline rules can be tweaked, these tweaks are
made after a logical and common sensical pair analysis.

There are certain variables or confluences that will influence on how to deal with
trendlines and supply demand levels, they are listed here:

• Recent last month high/low


• Recent last week high/low
both are shown by the SupportAndResistance indicator you can download from the Indicators channel. The last
month/week's highs/lows are classic support and resistance areas
• Flip areas. Areas where supply has become demand and demand has
become resistance

When price is at or very near to these areas, you should not go against them.

You can do one of these three things:

1. Skip it. Don't trade it


2. Wait for a reaction to the SR area and trade in the direction of the reaction
3. Look for an obvious and decent SD level right at the area of
confluence with the last month/week HL or flip area

#3
6th December 2013, 11:09 AM
Sharon has created a new PDF where she explains how to use Trendlines and CP
patterns. She originally sent me a PDF, we revised it together several times and the
one attached is the final version, I have also uploaded it to the Trendlines lesson.

The PDF shows:

• How CPs are great patterns to trade when we are trending


• When a TL is considered broken, levels outside its range will be negated
• How levels too close to HTF SD in control are not high probability
• How Momentum type of trades are associated with the entry and curve's
timeframe direction

Sensitivity: Internal document for Union Bank


#4
7th December 2013, 10:48 PM
Find attached a PDF flow chart that shows an easy to understand diagrams on how
to use Trendlines to assess direction and validate SD levels. It has been created by
Robin (robinb) one of the members in Set and Forget's community.

The attached PDF chart shows:

• How to draw a TL correctly connection 2 obvious valleys and peaks


• How to use a TL to negate or validate a SD level
• When a TL is invalidated or ignored

Sensitivity: Internal document for Union Bank


#5
10th December 2013, 10:42 PM
Robin has created a new flow chart that shows how to trade with the trend by using
the trendlines. On the attached PDF you will see:

• How to use the TL to validate levels


• How to trade the MN/D1 combination together with drilled D1 zones down
to H4 SD levels
• How CP patterns are the most common pattern to trade when the trend is
being formed
• How H4 zones can be used if you missed the D1 entry

Sensitivity: Internal document for Union Bank


Sensitivity: Internal document for Union Bank

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