FOREX TRADING: Trendline Trading Using Price Action Strategy

Focused View

Ofonime Johnson

7:05:07

0 View

1. Introduction to Trendline

1.1 Definition of Trendlines.pdf

1. Definition of Trendline.mp4

23:53

2.1 How to Draw Trendlines Correctly.pdf

2. How to Draw Trendlines Correctly.mp4

28:45

3.1 Connecting highs and lows to draw trendlines is a.pdf

3. Connecting Highs and Lows.mp4

16:04

4.1 Adjusting trendlines for market conditions is esse.pdf

4. Adjusting Trendlines for Market Conditions.mp4

12:23

2. Types of Trendlines

1.1 Ascending and Descending Trendline.pdf

1. Ascending and Descending Trendlines.mp4

19:19

2.1 Internal and External Trendline.pdf

2. Internal and External Trendlines.mp4

10:01

3.1 Trendline Channel.pdf

3. Trendline Channels.mp4

07:31

4. Types of Trendlines.html

3. Using Trendlines in Trading

1.1 Role of Trendlines in Identifying Trend.pdf

1. Role of Trendlines in Identifying Trends.mp4

15:36

2.1 Support and Resistance with Trendlines.pdf

2. Support and Resistance with Trendlines.mp4

10:21

3.1 Breakouts and Bounces from Trendlines.pdf

3. Breakouts from Trendlines.mp4

11:29

4.1 Breakouts and Bounces from Trendlines.pdf

4. Bounce from Trendline.mp4

09:00

5. Using Trendlines in Trading.html

4. Advanced Price Action Techniques

1.1 Key Candlestick Patterns for Price Action Traders.pdf

1. Key Candlestick Patterns for Price Action Traders.mp4

16:19

2.1 Reversal and Continuation Patterns.docx

2. Continuation Patterns.mp4

07:14

3.1 Reversal and Continuation Patterns.docx

3. Reversal Patterns.mp4

12:51

5. Price Action Signals

1.1 Hammers and Hanging Man candlestick patter.docx

1. Hammers and Hanging Man.mp4

11:27

2.1 ENGULFING PATTERN.docx

2. Engulfing Patterns.mp4

14:21

3.1 Pin Bar candle.pdf

3. Pin Bar.html

6. Combining Trendlines with Price Action

1.1 Confluence Zone.docx

1. Identifying Confluence Zones.mp4

15:32

2.1 Combining Trendlines with Support and Resistance.docx

2. Combining Trendlines with Support and Resistance.mp4

18:16

3.1 High Probability Trading Setups.docx

3. High Probability Trading Setups.mp4

14:39

4.1 Entry and exit strategies .docx

4. Entry and Exit Strategies.mp4

18:05

7. Trendline Breakouts

1.1 Identifying Breakout Opportunities.docx

1. Identifying Breakout Opportunities.mp4

21:03

2.1 False breakouts .docx

2. False Breakouts and How to Avoid Them.mp4

11:09

3.1 Trading Breakouts with Confirmation.docx

3. Trading Breakouts with Confirmation.mp4

07:05

8. Trading Strategies and Risk Management

1.1 Trendline Bounce.pdf

1. Trendline Bounce Strategy.mp4

08:51

2.1 Trendline Breakout Strategy.docx

2. Trendline Breakout Strategy.mp4

09:28

3.1 Combining Trendlines with Candlesticks patterns.docx

3. Combining Trendlines with Candlesticks patterns.mp4

10:27

4.1 Risk management is crucial in trading for several.pdf

4. Importance of Risk Management.html

5.1 Position Sizing and Leverage.docx

5.2 Position Sizing and Leverage.pdf

5. Position Sizing and Leverage.html

9. Trade Management

1.1 Managing Open Trade.pdf

1. Managing Open Trades.mp4

12:21

2.1 Adjusting stop losses .pdf

2. Adjusting Stop Losses.mp4

10:13

3.1 photo 2024-07-16 21-31-35.zip

3.2 Taking Partial Profits in Forex.pdf

3. Taking Partial Profits.mp4

10:29

10. Practice Sessions

1. Live Analysis Session.mp4

16:54

2. Reviewing and Improving Trades.mp4

06:05

11. Case Studies

1. Real-Life Examples of Trendline Trades NZDCHF.mp4

04:57

2. Example Review NZDCHF.mp4

00:50

3.1 screenshot 20240718-205904 chrome.zip

3. Successful Trendline Trading Case Studies AUDJPY.html

4. Case Study II AUDCAD.html

5. Learning from Mistakes.mp4

02:09

12. Resources And Tools

1. Recommended Books and Websites.html

2. Community and Mentorship.html

13. Final Quiz

1. Test on Random Questions from Any Topics Learnt.html

Description

Application of Trendline and Price Action Trading Strategy to Trade Financial Market

What You'll Learn?

Ability to identify market trend
Combining trend with different market patterns and candles to carryout trading setups
Ability to identify real and false breakout
Ability to trade trend line bounce
combining trendlines with support and resistance to trade

Who is this for?

Financial Market Traders; STOCK, CURRENCIES, INDICES AND CRYPTOCURRENCY TRADERS

What You Need to Know?

This is for newbies and traders with experienced already looking to refine their trading skills

More details

Description
The Trendline Trading Strategy using Price Action involves using trendlines to identify and trade with the prevailing market trend. Here's a brief description:
Trendline Trading Strategy Using Price Action
Identify the Trend:
Determine the market trend (uptrend, downtrend, or sideways).
In an uptrend, look for higher highs and higher lows.
In a downtrend, look for lower highs and lower lows.
Draw Trendlines:
For an uptrend, draw a trendline connecting the significant lows.
For a downtrend, draw a trendline connecting the significant highs.
Extend the trendline to project future price action areas of interest.
Wait for Price Action Signals:
Look for price action signals near the trendline, such as candlestick patterns (pin bars, engulfing patterns, etc.).
Confirm the signal with other factors like support/resistance levels or volume.
Entry Points:
Enter trades when price touches or slightly breaks the trendline and shows a strong reversal signal.
In an uptrend, buy near the trendline after a bullish signal.
In a downtrend, sell near the trendline after a bearish signal.
Stop Loss and Take Profit:
Set a stop loss below the trendline for long trades and above the trendline for short trades.
Determine take profit levels based on previous support/resistance levels or a fixed risk-reward ratio.
Trendline Breaks:
If the price breaks and closes beyond the trendline, consider it a potential trend reversal.
Wait for confirmation before taking any trades against the original trend.
Advantages
Simple and effective way to trade with the trend.
Clear entry and exit points.
Minimizes emotional trading decisions.
Disadvantages
Requires practice to accurately draw and interpret trendlines.
False breakouts can occur, leading to potential losses.
Tips for Success
Use multiple time frames to confirm trendline validity.
Combine with other technical indicators for additional confirmation.
Practice disciplined risk management to protect your capital.
This strategy leverages the natural tendency of the market to move in trends, allowing traders to enter high-probability trades with a favorable risk-reward ratio.
Who this course is for:
Financial Market Traders; STOCK, CURRENCIES, INDICES AND CRYPTOCURRENCY TRADERS

User Reviews

Rating

average 0

Total votes0

Focused display

Forex

Ofonime Johnson

Instructor's Courses

Ofonime Johnson is a professional trader with over 4 years of experience in the financial markets. I expanded my knowledge with The New Wall Street investment firm after years of individual learning, where he quickly demonstrated his acumen in CURRENCY AND STOCK trading. Known for his analytical skills and strategic approach, Ofonime has adeptly managed diverse portfolios, achieving consistent returns even in volatile market conditions. Currently, he is a key trader at a leading asset management company, where he focuses on algorithmic trading and quantitative analysis and forex instructor. Ofonime holds a degree in Geoinformatics and Surveying from the University of Uyo beofore he switched to financial market trading which he has obtained series of certificates and acknowledgement and as well published price action idea on international journal and is a rising star in the trading community, recognized for his innovative strategies and commitment to excellence.

Udemy

View courses Udemy

Students take courses primarily to improve job-related skills.Some courses generate credit toward technical certification. Udemy has made a special effort to attract corporate trainers seeking to create coursework for employees of their company.