8/7/2019 Indicator trend lines System

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8/7/2019 Indicator trend lines System

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better. I particularly like to get an Hourly RSI major trend line that is being tested, and trade intoit when it fails. Same thing for daily charts and even weekly charts. If I find a daily RSI scenario

like that, my trade sizes will be substantially larger, and I will hold the positions longer for bigger moves, 300-600 pip type moves.

I also calculate Fibonacci projections and use them for targets. If the price has broken throughone level, I will hold the trade until it meets the next projected level.

I also print out 4 hr and daily charts with nothing but EMA 20, 50, 200 and SMA 10, 72 on them.I then get a straight edge and pencil and try to identify trends, support / resistance lines of 

importance, breakout levels, and then patterns. I try to calculate a rough idea of how big each upcoming move will be based on Measured Moves and Flag pole theories, past moves in the trend

etc««.sometimes a hands on approach gets the brain working sharper.

My indicator trend lines not only give trade entries, they also tell you when to get out.AndyT 

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