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How can I draw trend lines correctly?

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  • Post# 81
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  • Jan 5, 2013 4:07pm
  • kokopelli
    Joined Oct 2011 | 266 Posts | Status: Hot Member
Quoting forexmnstr
Check here ...forexmnstr I have drawn this chart week ago ... check the red line on 1625 also check the spot silver chart , but i did not place order to buy on silver ... I have placed the order on another platform ... I usually draw trends on MT4 demo account ...
Thanks for the clarification.

IMO, that red horizontal line is not a trend line...it's a horizontal support/resistance line. To me, trend lines are slanted lines connecting swings highs/lows. Nonetheless, as long as it makes money, who gives a damn what it's called.
  • Post# 82
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  • Jan 14, 2013 10:09pm
  • CindyXXXX
    Joined Feb 2008 | 4,546 Posts | Status: the game is overz now
S/R

A few more to watch
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they will try and put you in a box ... don't let them
  • Post# 83
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  • Jan 14, 2013 10:31pm
  • CindyXXXX
    Joined Feb 2008 | 4,546 Posts | Status: the game is overz now
Daily's...
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they will try and put you in a box ... don't let them
  • Post# 84
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  • Last Post: Jan 15, 2013 7:00pm | Edited Jan 16, 2013 5:57am
  • CindyXXXX
    Joined Feb 2008 | 4,546 Posts | Status: the game is overz now
Quoting CindyXXXX
S/R

A few more to watch
Was a good day for that fiddly stuff, with nothing to set the market into a fierce trend.

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EDIT:

Quoting CindyXXXX
Daily's...
These holding for now too.

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G/L
they will try and put you in a box ... don't let them
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