Today i bring you here some eduction which i found very helpfull for traders.
The trend is your friend we are always told, but what is trend ?
To get easy in touch with a trend you have to check trendlines which can be mixed with support and resistance lines to check a trend change.
Trendlines need in minimum 2 trend points to draw.
Normally the trend is building up and in that case the trend lines going more and more in the same direction as i have marked it in purpe, till trend channel is establised ( marked in blue)
If you found such trend channes the probability that these trend continous is very high.
Please check for the red lines as short channel also. ` ------------ To have a closer look of trading i am writing a trading book about my more than 10 year experience in trading its free at the moment ,if you are interested in let me know by mail.