![]() When the market is in strong trend mode, look for setups to trade with the trend, such as buying near the high of the swing. Non-trending swings are trading ranges, and non-trending bars (bars with small or non-existent bodies) are dojis. ![]() Here is what Al Brooks had to say about micro trend-lines in a recent trading article that we found at Everything on a price chart represents either a trend or a non-trend. You should also understand that once you find a trend line, you can normally copy that trend line and then move the copied trend line to the upper side of the price action to form a channel, and that upper trend line or trend channel line as I like to call it will help you determine where the trend will likely begin its next correction. If you make sure that you always use trend lines, even for short term trends following the trend line rules we teach in our price action manual, that one process will help you improve your trading immensely over night almost. Even though is it not a flat line like most people are used to seeing support and resistance, in the end, these trend lines are just as important as the flat support and resistance areas, so make certain that you understand this fact.Īnother important rule with trend lines is to even use trend lines on the short term price action, because the rules still hold on short term minor trend lines that fall within the larger trend lines. It’s important that you understand a trend line is nothing more than a strong support or resistance area that is angled or slanted. One thing that many traders don’t understand is how strong the support and resistance actually are at the trend lines. You also hear me talk about how the key entry points for trading the ES is always at strong support and resistance areas. You hear me say it often, and that is to be sure you are drawing your support and resistance lines and knowing where the latest support and resistance is located. ![]() Using trend lines to help you read the price action is one of the best tools we have in our arsenal. ![]()
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