Beauty of the lines!

usd-jpy 27.01.

It doesn’t matter if you use lines of support or resistance, if you use up or down trendlines, ‘their beauty’ lies in simplicity of use. You can see in my analysis and trades, that my most common tools are exactly those lines! There is so many tools in my platform, most of them I tested but some of them I have never tried to use. I read about it, but I haven’t find the reason to use them. As for the indicators, I use only the moving averages 100 & 200 and that’s it. Technical analysis is one of the most important things in trading, especially in the short term trading, but don’t complicate. Be simple as you can be, draw  lines and combine them with market sentiment. Don’t trade between the lines based on nothing, this is not gambling!

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