jon, your explanation is very logical and made your point clear enough to be understood. it is good to know that you are reading the trendline in itself to judge potential price movement, which seems no different than what I usually would expect to interpret market information,however, the way you translate the market info sounds very interesting by looking into patterns before qualifying a tradable TL. thanks for your sharing experience, I will post some TL chart when proper situation arise and see if we might have similar feel about the potential setup. Happy trading
Dislikedhey Jeurre, The way i see it is that there are 2 ways to draw TLs, generally speaking, one the way we see Mike (mbqb11) draw them on the charts he posts here which is just to outline the pattern or trend, the other is to draw them exactly as the tech heads say they should be, i.e. from the exact lows/highs (whether its a bar chart or line chart). The difference is that Mike does NOT trade the TLs he trades the PA whilst being aware of the pattern/trend.
i sometimes trade the TL which is why it is important for me to have them drawn correctly. to...Ignored