This system is a breakout system . We are going to use trend lines and Fibonacci levels . We are not going to waste our time predicting the trend. Instead, we are going to follow the trend and wait for price to move and confirm our signals before we enter the market. Trend lines simply represent the direction of the market. In up trends, the line should be drawn below the price. Connecting at least 2 lowest lows. The more lowest lows and higher highs the trend creates, the more valid – powerful – it becomes. In down trends, the line should be drawn above the price. Connecting at least 2 lower highs. The more lower highs and lower lows the trend creates, the more valid – powerful – it becomes. UP Trend Down Trend There are two kinds of trend lines that we are going to use with this system. Main trends small trends. The main trend line, should represents main directio...
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