Common Mistakes When Drawing Trend Lines

In this article I am going to tell you about the COMMON MISTAKES traders do when drawing trend lines.

Drawing trend lines is one of the few easy techniques that really WORK. Prices respect a trend line, or break through it resulting in a massive move. Drawing good trend lines is the MOST REWARDING skill.

The problem is, as you may have already experienced, too many false breakouts. You see trend lines everywhere, however not all trend lines should be considered. You have to distinguish between STRONG and WEAK trend lines.

One good guideline is that a strong trend line should have AT LEAST THREE touching points. Trend lines with more than four touching points are MONSTER trend lines and you should be always prepared for the massive breakout!

This sophisticated software automatically draws only the strongest trend lines and recognizes the most reliable chart patterns formed by trend lines...



Chart patterns such as "Triangles, Flags and Wedges" are price formations that will provide you with consistent profits.

Before the age of computing power, the professionals used to analyze every single chart to search for chart patterns. This kind of analysis was very time consuming, but it was worth it. Now it's time to use powerful dedicated computers that will do the job for you:



Click here to get the intelligent software solution with audible alerts and receive more super tips about trading chart patterns!

How To Increase Your Success Rate in Forex Trading

Do you think that to dramatically improve your success rate you have to read tons of thick books, buy expensive software and spend countless hours of learning more about Forex?

What I'm going to share with you is something very EASY to use and very POWERFUL at the same time.

Let me give you an EXAMPLE:

Imagine you trade a system that makes 50% winning trades, but another 50% are losing trades. If you increase your odds of winning by only 20%, that would make 70% winning trades and 30% losing trades.

Well, HOW TO accomplish that?

Just pick the best trending pair at the current time and simply follow the trend! I have found ONE INCREDIBLE TOOL that continuously scans the Forex market and picks the most reliable trending pairs for you.



By taking signals in the direction of a strong trend you would REDUCE UNNECESSARY LOSSES and increase the odds of winning. You need to know "how well" the market is trending to avoid very short-term trends.

STOP hunting the market for every potential trade. Pick only the best trending pairs and time frames and DO NOT take any trading signals in the choppy market (unless you know exactly what you are doing).

Successful traders keep it simple and this is the way how the pros made fortunes in the markets - by trading less and making more.

CLICK HERE To increase the profitability of any system or robot you are currently using, check out this easy and powerful ultimate solution:

FAQ About Forex Trendy

After my previous email I have got many questions about the cool "Forex Trendy" software. Here are the answers to the most frequent questions.

Q: Which platform to use with this software?
A: You can use any trading platform! Yes, you can use MetaTrader 4, MetaTrader 5, TradeStation, NinjaTrader... because the software runs on dedicated computers and you only need a web browser to get the instant result online.

Q: How many currency pairs does Forex Trendy scan?
A: It scans 34 Forex pairs on 9 time frames from 1-minute to monthly. Together 34 pairs x 9 time frames = 306 charts.

Q: What method is used to determine the trend?
A: The trend reliability is determined by the "Trend Drawdown" - a method that uses no indicators, but pure price action. This method is explained in the ebook you will get in the subscription.

Q: Which configuration do I need?
A: Use the latest version of any major web browser (Internet Explorer, Firefox, Chrome, Safari, Opera...)

Q: Does it work on mobile devices?
A: Yes, it has been tested on several mobile devices and browsers.

CLICK HERE try it now:




"I really like your idea of taking only the best trending pair and even time frame. I am very impressed with such a simple and effective approach. I am not a tech guy and I am amazed how it works online without anything to install... I just log in two times a day and check for any interesting pairs."

Stephen Ross, NY

"I use this software every day together with my own system and two EAs. I execute trades only when trend drawdown is below 15% so I decreased the trade frequency, but I got two times better results. I am also interested in pattern recognition, I haven't tried it yet, but it looks amazing!"

Julien Labonne, Florida, USA

"I would highly recommend this service to anyone serious about forex trading. Another one that gives back much more than he receives. The real value for such a low price is rare in the forex industry."

Sebastian, Germany


Click Here to Join today!

The Truth About Trend Following

Have you experienced times when your EA was profitable in trending market and suddenly all the profit was taken back in a series of losses? What is the reason and HOW TO AVOID IT?

Let me explain the basic principle how most Forex systems work. They are tuned up to work in a specific market condition. They often make money in a trending market, but loose money in a choppy market. It is not a problem as long as the market is trending and the system is making more money than it loses. Such a system can be profitable for several months and you would be happy with it. BUT...

PREPARE FOR THE WORST...

Market change over time. A well designed system starts with trend analysis to stay away from potentially losing trades. There are two problems of how a Forex system recognizes the trend.

PROBLEM: FALSE "STRONG TREND" INDICATION.

The system responds only to immediate price action. An explosive price movement that is usually the result of news release is tempting people to jump in and make a profit. It looks like a "strong trend", but what usually happens next is a hard fall.

To avoid falling into this trap, check for the SOLUTION to find a REAL trend:


SECOND PROBLEM: TREND RELIABILITY

Most systems use various indicators to determine the trend. Actually, there is nothing bad about using indicators. One Simply Moving Average can do the job. The problem comes with the question: "Is the market trending NOW?" Whether the market is trending or not trending is not like black and white. The correct question is: "How well the market is trending?"

And here we have something called TREND RELIABILITY.

Trends exist and they can be traded up and down for a profit. You have to focus only on the most reliable market trends. "Forex Trendy" is a software solution to find the BEST trending currency pairs, time frames and compute the trend reliability for each Forex chart:

How To Find Out Which Pair and Time Frame Is Best To Trade?

Which Forex pair and time frame is best to trade" is the frequently asked question and I want do give you the DEFINITE ANSWER in this email.

Are you expecting that I am going to say something like EUR/USD on 5-minute time frame or GBP/USD on daily...? No, it is not so simple, but SIMPLE ENOUGH we can figure it out!

The "PROBLEM" is that markets change over time. If GBP/USD was a well trending currency pair a few years ago, today it is another one.

I actually want to let you know about a SPECIAL TOOL that I use to find the BEST TRENDING PAIRS among all the Forex pairs.



The software scans 34 Forex pairs on all time frames from minute to monthly. This way you pick the best trending pair and time frame at the current time.

The system is running on our powerful computers, so you have nothing to download and install. Just join in and start using it within a FEW MINUTES! CLICK HERE to get the link.

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           A Stock-Picking Robot? Seriously?
              
                        
            I'm assuming you know what I'm talking about.  If not, let me take a second to fill you in.
              
            There's a site on the Internet that claims to have invented a robot that can pick winning stocks.  All you have to do is hit a button and the software 'magically' tells you what stock is about to explode! What a joke! I have a better idea. Why don't you just take out your wallet and light it on fire!   Why? This 'robot software' is just a basic software application that scans through a bunch of ticker symbols and lands on a stock symbol completely at random!  It's completely fake!
               
            I realize that there are a lot of services on the Internet that you have to chose from, so I'll get straight to the question you're asking right now.  What makes me different? I'm a real live person!
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            Best of luck to you,
              
            James Connelly
            AKA The Penny Stock Prophet
          

Secret Trading Strategy - See How Quickly $1000 Turns To 1 Million Trading Penny Stocks!

            By now most people know I'm not easily impressed... and
            generally very skeptical about "so called" new "secrets"
            and "magical formulas" etc...
               
            It's true - You can absolutely grow your income and improve gains by
            getting more skilled and learning more about the business...
               
            I'm just saying that I don't put much stock in supposed
            "secret discoveries" that are supposed to turn the world on
            its head.
               
            So at first, as you can imagine, I completely ignored rumors
            about this Penny Stock "Prophet" who'd come up with a formula to
            identify undervalued stocks AND predict when they'd move.
                Click Here
               
            After all... that's pretty much the "Holy Grail" of trading
            stocks.
               
            With that kind of information you can dramatically increase
            your returns and reduce the risk of losing your cash - I
            assure you MANY well resourced companies and investors have
            been trying to figure that out since... well... as long
            as companies have been sold publicly.
               
            So a kid...?
               
            All skepticism aside his numbers seem to speak for
            themselves and the early rumors are now backed by traders
            who've since followed his system and seen their own dramatic
            results.
               
            I don't know "everything" as my wife would have you believe
            (sarcasm implied) but I do know a lot.  This is still
            hard for me to believe but I guess, for now, the "proof is
            in the pudding" and I need to take a closer look.
               
            If you're interested in making more money with low-risk
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            ...you should probably check this out too.
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            BTW... it looks like he'll be showing a limited number
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            I might tune in for the training too.
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