Last Updated on May 6, 2025 by Tim Morris

Trendline

The basic of trading. It is important for the traders to determine where the market would possibly stop. Traders must and can identify trendlines. You can use I minute timeframe on this system, and the suggested pairs are EURUSD, GBPUSD, AUDUSD. Here are some list of indicators needed for this system:

• Trendline
• Stochastic (5,3,3)

For SHORT entry:

• The currency pair must retreat on the trendline but doesn’t close above. If the stochastic iscillator crosses up from overbought area, then you can open a sell position.

For LONG entry:

• The currency pair must retreat towards the rising trendline but doesn’t close below. If stochastic oscillator turns back above 20 from oversold, then you can open a buy position.

Set Stop Loss 3 pips below or above the trendline and you can take profit at 7-12 pips.

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