三角交易-Qs (Triangle Trading -Qs)

I'm sure most of us know how to draw triangle using trendline. Also i always see most traders here in FF upload thier chart with triangle setup! But do you know how to project or find your target price once the price break the trendline?

Follow the rules below:

How to trade?

Now that you can identify triangle and know their behavior, how do you trade them?

STEP 1 (First Target)
http://www.sribena.com/pic2.jpg

1. Draw horizontal line at the higher high or where the price hit the first higher resistance within the trend line/triangle.
2. To avoid false break, Buy when price close beyond the trend line.
3. First target at horizontal line.

Let's see what happen??

http://www.sribena.com/pic3.jpg

STEP 2 (Second Target)
http://www.sribena.com/pic4.jpg

1. Measure the pips difference from A to B or Price at A minus Price at B. From my daily chart example above, the distance from A and B is 574 pips.
2. Buy when price close beyond the trend line/triangle (same as step 1). When price open add 574pips. In my case, my second target will be at 1.5038

Let's see what happen again?

http://www.sribena.com/pic5.jpg

Second Target also HIT!! That's all.. don't be too greedy :

You can trade this method on any currency at any timeframe as long as you draw proper trend line or triangle. Do alot of practice before you trade it on live account.

Do you want third target? LOL...

Good luck & Happy Trading.

p/s: Your comments, views, suggestion on this method is appreciated.

*Charts in this post has been deleted.