Need help regarding Trendlines

I want to learn Trendlines, i have been gone through all the trendlines post and tutorials but still not convinced the way i'm drawed,

Please help me to know what is the rules to draw an uptrend line , downtrend and channel ,

For uptrend which is 2 points need to touched ?
close or open or high or low of the candle stick ?

For downtrend which is 2 points need to touched ?
close or open or high or low of the candle stick ?

Really appreciated your help !!!!

thanks in advance,

Regards
Narresh

Either way is fine, you can even draw them from open/close to to the high/low spike or vise versa. The more timid the line the less false breaks you will get. Example from close to close, price might hit the line or come through more then a few times, because it's a more aggressive line price may just come right back. On high or low trend lines you're giving more space for those type of spikes, so a break has a smaller chance of being a false break, however if it does break you miss more of the move.

It's mostly subjective dealing with trend lines and few people draw them the same way. However the trend line should always touch price whether it's high, low or close. It mostly just comes down to common sense and practice using them.

A few things to remember using them, rate of assent or decent - steeper trends are difficult to sustain and broken more easily. Length of the trend line the longer the line the longer the trend. The amount of times the trend line has been touched, the more touches the greater the support and resistance. When a trend line is broken it still has validity, if it was support it becomes resistance and vice versa.

Thanks !!!! for your wonderful information, really appreciate that !!!

Anytime, because a picture is worth a thousand words, here's how I draw them. The top line is the timid line, which at the moment doesn't really offer a lot of resistance, because it's only been touched 3 times. The second from the top is the aggressive, which offers a good amount of resistance. The bottom makes the channel and offers a significant amount of support being touched so often. Also false breaks give more credibility to the trend line.

http://img466.imageshack.us/img466/4...inesjo3.th.gif