Hi guys,
I've opened this thread in order to find experienced people who have studied on trend lines and use them as their analysis of the market. I've been in this market since 2006 and spent a lot on studying lots of tools, indicators, etc. I don't want to talk about my background or how much I know about market or TA, instead, I intend to zero in on one very precious tool that most traders don't know well and take it for granted. I've searched a lot during these years everywhere from forex websites to youtube for advanced and constructive knowledge about trend lines and to be honest there is none. All you can find are some rudimentary views on this valuable concept. In every video or any article about trend lines, people don't even have any idea of how to draw a trend line or what a correct trend line looks like. The only thing that you find is that a trend line is drawn by connecting 2 or 3 or more dots from wherever you want. Some people relate it to Fibonacci, others use an irrelevant or unnecessary indicator to find some highs or lows, etc.
Anyway, I know some untold insights into drawing and using trend lines in different situations but still, I'm looking for more. I'm not going to play guru or brag about what I know or try to lure newbies into this thread. Just the opposite, I'm looking for very experienced people who have studied a lot on trend lines and have new things to say so that we can share our experience and improve. To be honest, I haven't held my breath and I have a glimmer of hope to find such people here on FF but still let's shoot in the dark.
I already have a profitable strategy using trend lines so if you think trend lines are just connecting dots and useless please move on and find another place to share your knowledge, no offense.
If you think your experience fits the above criteria and you are willing to disclose it, please answer the following questions either at the first of your post or during your explanation.
How do you draw a trend line and why?
What types of trend lines do you know and what is the use of each of them?
Do you use multi-timeframe for analysis or just analyze in one timeframe?
Do you think terminals like MT4 have bugs or somehow defective for drawing trend lines? If so, is it general or it happens on specific occasions?
These are just a few general questions but I think they can open the discussion well but you can elaborate if you will.
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Here is a video where I explained How I draw TLs: