An Example of Trend Trading
1.Just Identify the Trend And draw key level (Lower Low & Lower High in down trend and Higher High & Higher Low in up trend ).
2.then wait for prefect entry for example when you see some clear sings like price re test Lower High or false breakout from Lower Low in Downtrend (reversal pattern in this area like double top...)
3.put stop loss at the top of the Lower low in down trend
4.you can entry and take profit at next key level (Lower Low in down trend).or you can set take profit at the width of last rectangle area ( |LH-LL|).
*Patience and following the trend is important
*you can Have a more accurate entry point in lower timeframe
2.then wait for prefect entry for example when you see some clear sings like price re test Lower High or false breakout from Lower Low in Downtrend (reversal pattern in this area like double top...)
3.put stop loss at the top of the Lower low in down trend
4.you can entry and take profit at next key level (Lower Low in down trend).or you can set take profit at the width of last rectangle area ( |LH-LL|).
*Patience and following the trend is important
*you can Have a more accurate entry point in lower timeframe
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