Gold _example :: Chopstick Theory from Malaysia

Hope this helps anyone ..somewhere...

I'm sorry it's not magical or too simple.

But it could help.

Please have an open mind.

Here goes.

When I have a position.

1st : I draw a trendline
: Angle is sharper

Nothing specific

2nd Trendline
: Angle is milder -

And both these line will work together.

I will stay in position so long price respects this line(1)

If price breaks; I might sell half

Then

If price breaks line (2)

I close all


I don't know if you understand.

Hope it make sense.

Different pairs have different movement / angle

I guess.. you'll need to tweak it yourself.
Then you'll be with the trend, roughly.

I'm not your guru.

NB/ Ofcoz you'll have to analyze if LONG or SELL before you take a position.