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Accurate Trend Lines Trading Strategy **ADVANCED**
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Trend lines are recognizable lines that traders draw on their charts to connect a series of prices together or show some data's best fit. The resulting line is then used to give the trader a good idea of the direction and also areas of support or resistance.
Trendlines can work on any timeframe, supporting scalpers, swing traders, or even investors to find actionable areas to help them make smarter decisions when entering a position.
0:00 What is a Trend Line?
0:57 How To Draw Trend Lines
1:55 How To Trade Trend Lines
3:20 Avoid False Trend Line Breakouts
3:55 Chart Patterns + Outro
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CFTC Rule 4.41 - Hypothetical or Simulated performance results have certain limitations, unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
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