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Thread: Shmen Trend line

  1. #1
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    Shmen Trend line

    This is automatic trend line indicator which is make trend line line on your chart. The bullish trend lines are blue and bearish trend lines are green. When these trend lines are make on the market chart then you are need to follow it and above and below this trend line you can place your stop loss and if your stop loss hit then these lines are not disappear and make another line if the trend is again change. You can follow these trend line and make easy profit on your trades,Below I share the Pound chart of H1, H4 and D1 time frame. Which shoe you that how much this indicator trend lines are effective for traders to use in their trading and find the trend and best points to enter in a trade.








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    Last edited by jassim; 07-01-2018 at 08:25 PM.

  2. #471
    Trader snnaky's Avatar
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    Yes, the trend line is the simplest way of trading, which is very important to judge the change or reflection of the price, but to be a correct decision you need a large frame to draw the line of the direction and thus the difference between the right and wrong because traders differ in the choice of time frames.

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  3. #472
    Trader pajero's Avatar
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    Quote Originally Posted by snnaky View Post
    Yes, the trend line is the simplest way of trading, which is very important to judge the change or reflection of the price, but to be a correct decision you need a large frame to draw the line of the direction and thus the difference between the right and wrong because traders differ in the choice of time frames.

    Trendline is a tool that is very commonly used in technical analysis. Even the role is very important, because the best trading strategy is trading that follows the trend of price movements. If we can draw the trendline correctly, then the line can be as accurate as the other trading methods. Basically there are only three trends: uptrend, downtrend and sideways. We will discuss one by one.

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  4. #473
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    With the market trend we actually have a chance to earn a huge pips depending on what we can analyze. Trend lines can easily show us the market trend but its not that always the market moves following the direction given by trendlines. I also like indicator moving average to know the market trend, with the higher time frames. The thing is we should not hurry to trade without strong analysis done first.

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  5. #474
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    This is a beautiful trend line indicator that is able to effortlessly rule out the exact positions of the resistance and support lines called the Shmen trend line indicator .The tend line is expected to measure out those areas of the market where the market price of the market will be good to either take off the money om the table or to wait and see what other indicators will come up with before it is used to trade market no matter how reliable the indicator could be.

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  6. #475
    Trader maryrosi's Avatar
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    Quote Originally Posted by glory3 View Post
    This is a beautiful trend line indicator that is able to effortlessly rule out the exact positions of the resistance and support lines called the Shmen trend line indicator .The tend line is expected to measure out those areas of the market where the market price of the market will be good to either take off the money om the table or to wait and see what other indicators will come up with before it is used to trade market no matter how reliable the indicator could be.
    many professional traders use trendline indicators, because they are simple and easy to understand, but many also don't like the trendline indicator because they don't understand the trendline indicator, indeed if we can't understand the trendline indicator, then we will have difficulties in trading and of course it's also difficult to get profits in trading, so to use the trendline indicator, we should learn with focus, so that we are able to understand it well.

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