Throughout history, whether it’s stocks or forex, commodities or indices, we see that the financial markets are ruled by trendlines. To quote Jesse Livermore, one of the most successful traders of all time, “Successful traders always follow the line of least resistance. Follow the trend. The trend is your friend." And time and again, we see his famous words hold true. For example, if we look at a chart of the FTSE 100 over the last 5 years, the moment the FTSE broke below its bullish trend channel back in August 2007, was the first indication that all was not well, that the markets were changing trend and provided a warning to traders to liquidate their positions.
timetotrade has launched “Trend Line Alerts” an exciting new charting tool for private investors which watches the market for you. The tool is intuitive and easy to use. You simply select your chart, draw your trendline and click an alert button. And that’s it. Timetotrade then monitors the charts for you and lets you know the next time the share price crosses the trend line.
Simply click here to find out more
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