I like to trade trendline bounces and trend reversals because the EUR/USD ranges most of the time. My strategy uses a profit to loss ratio of 3:1. That means that I only have to win 25% of the trades to break even. Any winning trades more than that is profit. That gives me an edge in winning trades in the long term. I am using trendlines in my strategy Forex Trend Reversals.
Trading trendline bounces is very effective because you are trading with the trend. The trend is your friend as the popular saying goes. Tight stop losses helps my strategy to keep drawdown and risk low. Check it out at http://collective2.com/details/126050414
Trendline breakouts are very effective for catching profits. When price starts to tighten and consolidation occurs, triangle and wedge chart patterns start to form. They are very good indicators that price will be breaking out soon. I use these breakout techniques in my trade strategy http://collective2.com/details/126050414 I am offering a Free months subscription to my strategy. The coupon code is UGGV34444.
dont use more than x5 leverage. Sooner or later you will blow up the acct