Three Line Break (TLB) Strategy Explained by Abe Cofnas

Three Line Break charts originate from Japan. There are many ways to trade with Three Line Break charts. The most basic method involves buying when a white block emerges after three prior black blocks, or selling when a black block appears after three white blocks.

An advantage of the Three Line Break chart is that there is no arbitrary fixed reversal amount. It is the market's action which gives the indication of a reversal. Reversal signals in Three Line Break charts are sent well after the new trend has started. However, many traders are comfortable with this insofar as they believe that it is safer to be in for the major part of the trend rather than trying to pick a top or bottom. Abe Cofnas' Video DVD presentation explains the TLB in depth, which is easy to understand.

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