Relevance of a good trend line

[Sukii]

I can't begin to tell you the number of times I lost money to forex because of a bad trendline when analysing the market make sure you draw a precise and accurate trendline to avoid incorrect analysing
Learn from my mistakes

[Rruchi man]

I can't begin to tell you the number of times I lost money to forex because of a bad trendline when analysing the market make sure you draw a precise and accurate trendline to avoid incorrect analysing
Learn from my mistakes

The mastery of how to draw trend lines and then spot supports and resistance are parts of the basics of trading, and it is a part of the things that any new trader needs to know and master before progressing into the intermediate stage of learning. If a trader skips learning how to draw trend lines to see if it is an upward or downward trend, or how to spot resistance and support, that trader will experience difficulty in understanding and will continue to make losses until they go back to learn that basic knowledge.

It is an important knowledge.

[Hatchy]

I can't begin to tell you the number of times I lost money to forex because of a bad trendline when analysing the market make sure you draw a precise and accurate trendline to avoid incorrect analysing
Learn from my mistakes

Well, drawing trend lines is simple though if you understand the simple basics. Trendlines just require you connect the highest wicks of swing highs or lows. And the you have to understand more about support and resistance zones ad these are major movers when using the trendline strategy. Again something you have to add along side your trendline strategy is chart pattern. Chart patterns gives you some good entries and exist of the market if you understand how they work. Trendlines works mostly if you on a trending Market. If you try connecting it on a ranging market, you might not be able to get it properly.

[Sukii]

That is also true but I do have a question
Why is it that in some cases my trend line will be different from that of another person
I mean we can literally be in the same pair and the same time frame but still draw 2 different trend line expecially when using a 1 hour time frame
Or has it just happened to me

[Asiska02]

That is also true but I do have a question
Why is it that in some cases my trend line will be different from that of another person
I mean we can literally be in the same pair and the same time frame but still draw 2 different trend line expecially when using a 1 hour time frame
Or has it just happened to me

Where you learn from and your understanding of the market differs from each other, you may be trading on the same pair and also same time frame but if you don’t have same understanding of the trendline, it’ll definitely be different. Also what can cause the trendline to differ again is the way you as a person sees the market well than the other person. Some people can look deeper into the market than the other person, this is just pure knowledge and not some kind of scalping or guess work. And the more you can look and see into the market, the more you can get to win more trades than losses.

[Sukii]

That is also true but I do have a question
Why is it that in some cases my trend line will be different from that of another person
I mean we can literally be in the same pair and the same time frame but still draw 2 different trend line expecially when using a 1 hour time frame
Or has it just happened to me

Where you learn from and your understanding of the market differs from each other, you may be trading on the same pair and also same time frame but if you don’t have same understanding of the trendline, it’ll definitely be different. Also what can cause the trendline to differ again is the way you as a person sees the market well than the other person. Some people can look deeper into the market than the other person, this is just pure knowledge and not some kind of scalping or guess work. And the more you can look and see into the market, the more you can get to win more trades than losses.

Wow I honestly never thought about it that way
Obviously you've been in the system for quite some time now

[Chilwell]

I can't begin to tell you the number of times I lost money to forex because of a bad trendline when analysing the market make sure you draw a precise and accurate trendline to avoid incorrect analysing
Learn from my mistakes

Its a good thing that you shared your experience with people, because Sharing experiences can help others avoid making similar mistakes. Good trend line is crucial in trading, sometimes a poorly drawn trend line can lead to losses for a trader if care is not taken. Good trend line or a well-crafted trend line is what show you the direction of the trend, an investors or traders that has a good, meaningful and sensible trend line will be able to understand the markets dynamic. By using a good trend line, traders can also make more informed decisions and navigate the markets more effectively.

[Flavour]

I can't begin to tell you the number of times I lost money to forex because of a bad trendline when analysing the market make sure you draw a precise and accurate trendline to avoid incorrect analysing
Learn from my mistakes

Trend lines was something that was confusing to always get, I will draw a trend line expecting price to either buy or sell from there, but always get stopped out, it was always painful. Well I have partially left the era of trendlines.