If you define yourself as a "trend trader" (and maybe if you don't), you inevitably encounter the need to draw Line Studies on any or all of your charts top-down. Notice my use of the term "Line Studies", as opposed to just trend lines, because in the TM Trader's Club, we actually work with both types - horizontal and diagonal. These annotations are invaluable because they establish the all-important Support/Resistance elements which every astute trader knows to be on the lookout for.
If you're new to Line Study analysis, though, the question is not just "how to draw it", but "once I've drawn it, how do I know it's really valid as opposed to a possible case of mistaken identity?"
This latter question underscores the discussion in the latest "Midweek Roundup" video presentation posted for the members of the Trendline Mastery Trader's Club, one of seven different content streams we post each week (in addition to our three times per week Twitter feed). Not only do we start the presentation by posing that question, we conclude it by providing you a
definitive and practical answer. This information alone could go a long ways in helping you better understand how to apply Line Studies - a critically important element of Technical Analysis - in your own trading.
This weekend's latest complimentary video presentation will walk you through two chart illustrations (different from the ones in Wednesday's Roundup video) that explain the concept further. If you're at all prospectively interested in what we have to offer by way of either or both of the Trendline Mastery foundation course and membership service, this brief review should be helpful.
To view our latest complimentary video (for which you will not be prompted for a user's name or password), please use the following link:
I hope you enjoy today's presentation.
To Your Trading Success,
& the Forexmentor team
P.S. To learn more about the Trendline Mastery course, please visit our public FAQ page at: www.forexmentor.com/trendline
P.P.S. To learn more about the Trendline Mastery Trader's Club, please visit its public site at: www.forexmentor.com/trendline/club.php
Brokerage fee amount by transaction value 1.
Trade online and settle your trade to a CDIA or CommSec Margin Loan 2.
Trade online and settle into a bank account of your choice.
Share Trades over the Phone 3.
CommSec Share Packs online 4.
CommSec Share Packs over the phone 4.
Trades requiring settlement through a third party 6.
1 For GST rounding reasons, the final brokerage fee may vary from the stated or expected brokerage fee by a couple of cents.
4 Normal brokerage will apply when a stock acquired through CommSec Share Packs is subsequently sold.
5 Amount per share will be noted as brokerage on each confirmation issued. There will be no substitution should a stock have a trading halt placed on it.
6 Includes third party Margin Lending, and where the Commonwealth Bank exercises its rights under the loan Terms and Conditions.
Other fees may apply. Please see the CommSec Financial Services Guide.
Open a CommSec Share Trading Account.
Buy and sell shares using a CommSec Share Trading Account with our cash account - with it you can seamlessly settle trades, transact and earn interest.
Buy and sell shares using a CommSec Share Trading Account with your existing bank account.
Frequently asked questions.
Shares held with another broker.
For the transfer to be successful the name and address registered on your issuer holdings must match your CommSec account.
Your request will be completed within 72 hours.
Shares held with the share registry To transfer shares held with the share registry into your CommSec Trading Account you need to complete an Issuer Sponsored Holdings to CHESS Sponsorship Transfer Form.
Your request will be completed within approximately 48 to 72 hours of receipt.
When you have bought and sold shares on the same day and the next trading day, your payment may be partially or wholly offset. For more information refer to the New Client Guide.