Have you heard of the t-line? Many traders and investors alike are using the t-line as an indicator for entering and exiting trades with great success. A candlestick swing trader named Rick Saddler coined the term “t-line” while working in his trading room. In the last post we talked about the T-Line. T-Line is a simple trading system. T-Line just means 8 EMA. This is what Rick says: T-Line trading is a flexible, reliable investing technique that will benefit most swing traders. I coined the term “T-Line” back when I was working as a moderator in a trading room in 2004….
The rules for the T-Line trading system are simple. When price closed above T-Line, we open a buy trade and when the price closed below the T-Line, we close the trade. A good idea will be to use this T-Line in conjunction with candlestick trend reversal as well as trend continuation patterns. Candlesticks are great signals when you learn how to read them correctly. The trick lies in looking at the candlesticks in the overall context of the market. A reversal pattern like the hanging man when it appears need confirmation before you can enter into a trade. Price closing below the T-Line can be a good confirmation signal just after the formation of the hanging man. Watch this webinar that explains how you are going to trade with the T-Line.
After watching the above recorded webinar, you should have a clear idea how you are going to trade with the T-Line Trading System. Keep ypur trading simple and you will see your win rate going up.