on this, and someone else asked me about close and that trend lines based on close would give differing trend lines etc.
strat, is another respected trader on FF (in my opinion there are only 3 gurus on here, Strat, Jacko, and J16) and Strat swear's by the close of the candle and draws trend lines thru them.
i use high and lows for trendlines but also look at closes on trend lines. for me, if a candle has pierced a trend line however deep, but then closes near, above/below the trend line, then that piercing does not really matter. i would want to see a close of say 50-100 points below the trend line to start thinking of a break of trend line.
strat, is another respected trader on FF (in my opinion there are only 3 gurus on here, Strat, Jacko, and J16) and Strat swear's by the close of the candle and draws trend lines thru them.
i use high and lows for trendlines but also look at closes on trend lines. for me, if a candle has pierced a trend line however deep, but then closes near, above/below the trend line, then that piercing does not really matter. i would want to see a close of say 50-100 points below the trend line to start thinking of a break of trend line.
Dislikedgood point... as coscorp pointed out, i guess the close is important and should maybe have a clue to get out of that trade.Ignored