Hey everyone, hope y'all doing great! Was just wondering your thoughts on using trend lines. I haven't seen any of you use it, but isn't that also a form of support/resistance?
Ignored
yes i use them that way. in the screenshot above with the yellow ETP-3 pattern
Hey everyone, hope y'all doing great! Was just wondering your thoughts on using trend lines. I haven't seen any of you use it, but isn't that also a form of support/resistance?
Ignored
One of the key concepts taught on this thread is the expectation of projection symmetry as well as pullback symmetry. This is very much re-presentable by using the trendline or a trend-channel as shown. We expect that a new swing will project approximately the same length as the previous swing and we expect the next pullback to be similar to the last pullback. As those get out of balance, we have a clue about the possibility of change. Strictly trading a trendline all the time will not be profitable for you. I'd encourage you to put more emphasis on horizontal price levels. However, when price is respecting a trend channel, trade it.
First trade = -25 (I was trading the intraday order flow), sadly it was an expectation failure
Second trade = -10 (Traded with harmonics), trading the immediate order flow from the up move.
Total = -35, Like Mr. Pip always says "next", my frequency was a miss today and both of trades were expectation failures, but it was a good learning day.
Ratios & Harmonics: a Different Way to Trade
