Best Practices: Our Recommended TrendSpider Workflow for Traders to Scan for Trade Opportunities

TrendSpider is an incredibly flexible tool that can be used on any timeframe chart to identify key price levels, trendlines, indicators, support & resistance zones, chart breakouts & breakdowns, and more, automatically. But how do you put it to work for you? What’s the best way to work it as a user? We recommend you approach it as a process. Continue reading Best Practices: Our Recommended TrendSpider Workflow for Traders to Scan for Trade Opportunities

Market Recap on XAU/USD

We are still holding the 4-hour bearish trend that I had talked about this past week. Still on the lookout for buy opportunities once the 4-hour bearish trend is broke, and confirmed broke on the re-test. It respected the Daily bullish trend below it, it’s only a matter of time before we get the breakout I have been waiting for.  Continue reading Market Recap on XAU/USD

Why Eyeballing Charts for Trend Lines is Disadvantageous

One of our ads has a headline that basically says: “Humans suck at drawing trend lines.” And this ad in particular has caused a bit of a stir on social media, so we thought that it would make sense to provide some more elaboration on what we mean. Here it is:

Humans Suck At Drawing Trend Lines. 

Yup. We meant what we said in the ad. In this post we want to explain why.

Continue reading Why Eyeballing Charts for Trend Lines is Disadvantageous

XAU/USD Analysis

Here’s an interesting chart I am following on XAU/USD. You can see that it just had a lot of bullish momentum, that broke the support line that was broke last week. Once it retests again for support, I think it will be safe to say that the bulls have taken back control, and shoot for 1325 area. We will wait for confirmation once 4 hour Bearish trend above is broke. What do you guys think about this chart? Continue reading XAU/USD Analysis

How Fast Can You Analyze Charts With Trend Spider

Today I am going to demonstrate how use TrendSpider’s automated trend line detection to find and make a Forex trading decision with relative speed compared to doing the analysis by hand. Hope you find this useful. Leave a comment and let me know what you think! Continue reading How Fast Can You Analyze Charts With Trend Spider