Connecting at least two «highest highs» will create a trend line. Edward Revy, hello all, First of all, this site is awesome. I dont know, 5 seems like a good number to me I have five fingers on each arm and similarly for the legs, so 5 is a number I was born with Put 10 pips if you want.
How to draw a valid. What is it used for? And many other things. Forex traders should know about. Plotting a trend line on a, forex chart gives very valuable information.
Heard read that before a million times? RT-Alerts is included in a Ramp Gold Membership. RT-Alerts is Ramp's sister program over. . (4) As trade moves in my favour I move stop loss to at least 5 pips just under each higher subsequent higher swing lows that form. I have tried 1 min timeframe, 5 min timeframe and 15mins but towards the end, have tended more toward using larger timeframes like the 4hr, 1hr 30min timeframe so that I dont stay glued to the computer all day long. (In a downtrend our trend line will rest on the top of the pattern formation).
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