Nice thread on trendlines emacro. Does raise a few questions on your mehtodolgy but I'll start with just a quick one.
After the TL break, do you have a set time for the retracement to form? For example, is the next bar after the close below counted as a valid retrace or is it considered too early. Conversely, is there an extended period of time, say 12 bars, after the break that you would not consider taking the retrace trade.
Thanks in advance and keep posting the charts. Very interesting.
G-Man
After the TL break, do you have a set time for the retracement to form? For example, is the next bar after the close below counted as a valid retrace or is it considered too early. Conversely, is there an extended period of time, say 12 bars, after the break that you would not consider taking the retrace trade.
Thanks in advance and keep posting the charts. Very interesting.
G-Man