Courses Infomation

Jeffrey Kennedy – Trading the Line. How to Use Trendlines to Spot Reversals and Ride Trends

In this powerful eBook created from the same-named video course, Senior Analyst and “Trader’s Classroom” instructor Jeffrey Kennedy guides you through chart after chart, teaching you how to apply simple trendline techniques — including his own unique approach — to decide when to jump aboard a trend AND when to jump off that trend.

Through practical, real-world lessons he shows you why, in his words, “a trendline is a simple, crucial tool.” With this easy-to-follow, easier-to-reference manual, you will SEE how you can immediately apply these powerful techniques in your own trading. Best of all, the convenient format gives you access to these valuable trading lessons from wherever you are around the world – without the hassle and expense of traveling!

Here’s what you learn:

What a trendline tells you about past and upcoming price action
What different types of trendlines you should apply and when
How to assess market action and draw proper trendlines
How to use trendlines to identify trend reversals
How to use trendlines to manage a trade as price action unfolds
How trendlines work even more effectively in conjunction with your Wave analysis
The uniquely powerful “Kennedy Channeling Technique”
And more!

More About the Author

Jeffrey Kennedy is Chief Commodity Analyst at Elliott Wave International (EWI). With more than 20 years of experience as an analyst and trader, he writes and edits Futures Junctures on commodity markets and provides daily video lessons on the Wave Principle, technical analysis and trading via Elliott Wave Junctures. He is also an adjunct instructor in the Quantitative and Computational Finance program at Georgia Tech, where he teaches technical analysis.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

Salepage : Jeffrey Kennedy – Trading the Line. How to Use Trendlines to Spot Reversals and Ride Trends

About Author

Jeffrey Kennedy

Jeffrey Kennedy is Chief Commodity Analyst at Elliott Wave International (EWI), and is the editor of EWI’s Commodity Junctures, a forecasting service of the commodity markets. He has more than 20 years of experience in financial markets as a technical analyst, trader, and teacher.

Jeffrey has co-authored the definitive book on trading using wave analysis, titled Visual Guide to Elliott Wave Trading. It is a Bloomberg imprint published by Wiley & Sons.

Through EWI’s Trader’s Classroom, he provides video lessons on the Wave Principle, while also covering technical analysis and trading. For five years, Jeffrey has taught technical analysis as an adjunct instructor in the Quantitative and Computational Finance program at the Georgia Institute of Technology. He is also an approved educator for the Market Technicians Association Educational foundation (MTAEF).

He has published many financial articles in magazines, such as Stocks, Futures and Options, Traders World, The Technical Analyst and Technical Analysis of Stocks & Commodities. He has also appeared on Yahoo Finance’s “Breakout” and the Business News Network’s “Berman’s Call.”