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How to draw trendlines

  • #41
  • Aug 9, 2007 7:43pm Aug 9, 2007 7:43pm
[update#3]

UJ current low price 11777 (have a line there)
GJ continue its next phase after a retracement to its .618/24151 area. An old decending timeline (setup) is around 238 (+/- 20 pips) at this 1hr bar, r/r level though it does not qualify the maximum requirement of part,II phase.
  • #42
  • Edited 7:08am Aug 10, 2007 6:34am | Edited 7:08am
update:
keeping my eye on yet another major level @ around 23695 (+/- 20 pips)

update:
UJ has reach previous low, a retest @ 11725<>10 area
Price action has complete GJ pattern @ 23629
  • #43
  • Aug 10, 2007 11:50pm Aug 10, 2007 11:50pm
The journey of GJ/gippy and UJ/jeppy guided via
1. reading pattern
2. fibonnacci
3. trendlines

Pattern is complete when price run from point,I/24409 to point,J/23629 a total of +780 pips this completes part,II note point,J is a good r/r level

When GJ reach point,J UJ did likewise to retest a major timeline 11725<>10 a good r/r level after price fell below the supporting wedge trendline missing an earlier pattern target by 17 pips total run up +264pips total run down + 257 pips

Good Luck next week

,
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  • #44
  • Aug 11, 2007 12:08am Aug 11, 2007 12:08am
Quoting droesparky
we have about the same experice time in trading and your lines look good to me.

THere are some good articles on trend lines in this thread.

http://www.forexfactory.com/showthread.php?t=8464

when it comes to senior members of a forum I have found there are some good leaders, not all seniors are kind in nature, dont let it get to you.

Would you happen to know who the author is of this article?
  • #45
  • Aug 15, 2007 11:41pm Aug 15, 2007 11:41pm


Gippy melt down with cable (probable bullish formation with major support around 197 minor 198) and jeppy (@ 11574 just completed a triangle formation) .. at same timing gippy low hit 22931

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  • #46
  • Aug 16, 2007 5:51am Aug 16, 2007 5:51am
Mega ww first monthly target 11367
Same timing Gippy @ 22465

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  • #47
  • Aug 17, 2007 12:05am Aug 17, 2007 12:05am
A clear break below the 2nd mega ww monthly target 112/11179 would go for 104 (see below chart) the final 3rd mega ww monthly target. at almost the same timing earlier on gippy 22150 touch and go yield almost 600 pips. cable seems reluctant to move much, a retest and break of 19704 would negate the bullish pattern
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  • #48
  • Aug 25, 2007 11:44pm Aug 25, 2007 11:44pm
$/cad monthly pattern ..

please refer to : http://www.harmonictrader.com/price_patternscrab.htm

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  • #49
  • Aug 26, 2007 12:35am Aug 26, 2007 12:35am
This indicator may be of use to some, automatically draws trend channels for any time frame. Careful though, b/c it repaints on a trend break.. I wish there was a way to disable the repainting, anyone familiar with it in MT4 code?

Also, does anyone know how to set MT4 to snap (auto-align) trendlines to candles? When setting manual trendlines, I'm always adjusting by a few pixels. Other charting packages (QuoteTracker, Sierra, etc) auto-snap trendlines to candles, which is really convenient.
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  • #50
  • Aug 26, 2007 2:25am Aug 26, 2007 2:25am
Eur/$ monthly pattern ..

a mega ww .. however at its tail period 12/2004 --- 12/2005 another has appeared

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  • #51
  • Aug 26, 2007 10:49am Aug 26, 2007 10:49am
ww? what it mean
sorry for stupid question
anyway nice thread
kept up good work


newbie
  • #52
  • Aug 27, 2007 11:07pm Aug 27, 2007 11:07pm
Quoting adikabas
ww? what it mean
sorry for stupid question
anyway nice thread
kept up good work

newbie


Follow this link for reference : http://www.wolfewave.com/
,
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  • #53
  • Aug 30, 2007 7:55am Aug 30, 2007 7:55am
Seems they hijacked your thread wiz ;p


I just wanted to say: for the "mechanical" stuff do look into DeMark, for general advice: use what works for YOU.

Also Philip's stuff is pretty cool, I think I read into it a while ago, remarkably similiar to "that other system"

As for your trading:
Forget EVERYONE ELSE! Completely! Detach.

They don't matter.

That's about it.

Bah bah...
Trust price. Know yourself.
  • #54
  • Aug 30, 2007 8:14am Aug 30, 2007 8:14am
Quoting Phillip Nel
I cannot say that that you have drawn them wrong. Maybe not complete. I have 10 years experience in stock trading. Can you post the same 2 charts but with the 21EMA(Exponential Moving Average), the 89SMA(Simple Moving Average) and the 200SMA plotted on it. I want to show you something that you will use for ever.
Thanks
Phillip
Phillip, I use new charts now...If I post a chart with these moving averages on would you still show me what you mean?

Thank you kindly,

Wiz
  • #55
  • Dec 31, 2011 10:02am Dec 31, 2011 10:02am
a lot of your charts look scary to me and I have been trading for over a decade. It took me a while to figure it out, but it's really true that simple is much better. All these lines and counter lines and so on...well, I hope all of that is working for you.
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  • #56
  • Last Post: Dec 11, 2020 6:11am Dec 11, 2020 6:11am
Sorry for using this old thread, but as a junior I am not allowed to start new thread.
Could some one please help me out with an information?

I want to name my trendline which is not the problem. But I want to see the name or the price level on the chart.

Is this possible? How can I do this? - Thx a lot in advance.

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