The Bucking Bronco

two points make a line

I already discussed the matter.
Most diagonal lines are subjective by their very nature.
For this reason they must have at least some sense... (specially with the triangular forms).
Normally we identify three families...
And normally, just for this reason, three points are better than two.

The last candlesticks formed on the right indicate this direction and inclination.
And this is somewhat symmetrical.

two points are a line, three points are a trend

"Two points for a line." is one of my most solid and efficient Rule.
But the line must have a sense.
The aim is that everyone must see it. It must be self-evident, never forced.

full ack. different people see different things. but there are some zones, where all the different lines coincide, and those are the most interesting.

some people have so many indicators and drawings and patterns and lines and colors on their charts, that they don't see the obvious anymore. they really don't see the forest for the trees

Good morning! Breaking the trendline.

My DAX Ger30 H1.

How to build a proper, personal "Mental Road Map" – 32

Let's be clear and fix a clear rule:
"Two points are enough to draw a TENTATIVE trendline but a third point is needed to make it a VALID/CONFIRMED trendline."

What determines the significance of a trendline?
The answer to that question is twofold:
> the longer it has been intact
> the number of times it has been tested.
The more significant the trendline, the more confidence it inspires and the more important is its break.

Remember that trendlines must include all price action.
Trendline must be drawn over or under the entire day's price range, shadows included.
And they must be constantly updated.

Murray Gunn:
"Trend lines, in simple terms, show where supply and demand probably (not definitely) exist.
In my opinion, therefore, they should be called supply and demand lines because this more accurately reflects the logic behind them.
Supply and demand of the instrument in question drives the market price. Nothing else drives it.
Not economic, technical or quantitative analysis.
Not even economic or corporate statistics,
as virtually everyone in the modern markets is conditioned to thinking, and what we spend most of our time talking about.
It is, in fact, human beings that decide on the clearing price for the market (the market price) by interacting and haggling with each other.
It is how human beings act and react to information or analysis, not the information or analysis itself, that is the most important thing."

The Law of Supply and Demand.
Oil. The whole day on m1.
A flood of unwanted oil in the market.
Price = zero.

Just put me in a room with a computer and Chopin's Nocturnes, I'll be fine.

Stay technical. Stay with the trend. Follow. Don't try to predict... etcetera.
Nothing new. Nothing changes. Why should it change?

Up at the open. And now down!
Nothing more to demonstrate. I leave the "should, would, could" to the other threads.
Question of mindset.

Coronavirus.

A better world will not be born from the virus: men forget quickly ...
But for the first time in history (apart from the ecological crisis) humanity faces a common risk, and as such perceived,
even if declined in the forms and in the most varied social and political conditions.
The question is entirely open whether new Trump, Bolsonaro or Orbán or new forms of coexistence and social justice will be born from all this.
It would be the moment for United Nations but I see only "selfishness".

@ 425 now... banking some! Thanks for your money guys and girls.

Trailing stop on. And I enjoy the show. m5.

Soundtrack... play it loud.

And now we'll see. OODA. Trade well.
Do you see the possible levels?