The Three Trend Line Strategy Forex Trading Tool

There is no one single super smart Forex trading tool which gives you profit, profit and more profit.

The only possible solution is to use a combination of different tools to identify the favorable market forces to get a maximum number of high probability trades over a period of time. 

Trend lines are the most popular and reliable Forex trading tool which many successful traders give their testimonial for.

The Three Trend line Strategy

Trend Lines are an important tool for trend identification and confirmation in technical analysis.
It is a straight line that connects two or more price points and then extends into the future to guide you.

There will be lines drawn across significant lows in an uptrend, and significant highs in a downtrend. To roughly classify trend lines, we can divide them into three as short term trendlines, medium term trendlines and long term trendlines.

1. Short Term Trendlines

Draw these lines across the most recent two lows for an uptrend or across most recent two highs for a downtrend. Best observations are found on a smaller time frame such as a 15 minute or 30 minute chart.

2. Medium Term Trendlines

These are best observed on a higher time frame like a 60 minute chart. It either connects the nearest significant low to current price action to the previous significant low in an uptrend or the nearest significant high to current price action to the previous significant high in a downtrend.

3. Long Term Trendlines

It uses higher time frames such as the 4 hour chart or the daily chart to draw long term trendlines using the same method of Medium Term Trendlines. The long term trend line is considered as an effective Forex trading tool. The daily chart is used mostly by traders of big institutions who do not usually engage in small moves on an intra day level.

By drawing a trend line on a daily chart you can graphically analyze where price is and where it is likely to bounce. But employ trendlines as a Forex trading tool with caution and discretion. Covering your charts with every trend line possible will result in confusion and blurry analysis.

It is not a good idea to rely completely on a short time trend line.
They merely give you a defined picture of current price action.
These are broken often during the course of a day.
Their main use is to give you a clear, instantly recognizable graphical representation of current price behavior. If you notice price coming back to test a trend line on the higher time frames, look at other factors. Draw in horizontal lines to mark key support and resistance using previous highs and lows.
Draw Fibonacci retracement and extension levels.
Calculate the daily pivot points and put them on your chart. Have the 200 EMA (Exponential Moving Average) shown on your charts.
Enjoy your day.

10 Websites To Buy Cheap Quality Items Online For Business

If you are thinking about starting a simple importation business or just wan to buy cheap quality items online, there are many things you have to think about and make decisions on, but no matter what decision you make, like getting some funds, how to purchase, etc, you need trusted website(s) to make the purchase online.. 

Below is a list of ten websites to possibly make your Purchases.

1. eBay - eBay.com is the best online shopping websites, it is recommend for anyone, there are millions of quality goods and products from top-rated sellers to choose from. 

 You can also get almost anything you could ever think of buying at a very reduced and affordable price through auction (bidding) where the highest bidder goes away with the goods.

Also, eBay uses buyers protection to make their marketplace a very safe and secured one.

2.  Amazon – Amazon is also very similar to eBay, being the largest online shopping website, they have different type of products with reduced price ranging from refurbished and used to new Electronics, Apparel, Computers, etc.. 

Amazon features numerous services including one-click buying, extensive customer and editorial product reviews, gift registries, gift certificates, wish lists and photo processing. 

 

3. New Egg – You can buy many things on New Egg but they put more attention on the Technology part of life unlike other websites in this list e.g Laptops, Computer parts, Accessories and so on.

 

4. AliExpress – Aliexpress is also a good place to buy cheap Electronics, Appliances, Fashion Stuffs etc. 

But note that Aliexpress is located in China thereby most (not all) of their products are Chinese products. 

Aliexpress currently offer more than 11 million unique consumer products across more than 4,000 categories, ranging from apparel and accessories to consumer electronics to jewelry and more. 

5. Ever Buying – This is another stop spot to shop for Mobile Phones, Cheap Laptops and Tablets but the site is mainly filled up with Chinese products just like Aliexpress.

 

6. DH Gate – DHGate is a Chinese Wholesale Marketplace for Small and Medium Buyers interested in purchasing Directly from China Manufacturers with Extensive catalog, free drop shipping, wholesale discount, express door-to-door shipping, escrow service.

 

7. IP mart – IPmart is an Online shop specializing in GSM unlocking device, china phones and some other china gadget and accessories.

 

8. Dino Direct - DinoDirect.com is an Online Store With so many products you need to buy which also includes Free Shipping depending on the type of product.

 

9. Cellular Country – This website only sell Used, Refurbished and New Phones. check the sites for more details.

 

10. Made In China – The name already justifies what you are going to see, They provide online marketing platform for both Chinese enterprises and global buyers.

 

Note that the sites listed above are just recommendations, you can check the websites to see how they look like, the prices and what they have to offer you.  

If you know some other website(s) where online shopping /importation is not expensive?

 Kindly share using the comment box below.

Hope This Helps.

 Have a good time. !!!