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Drawing Correct Trendlines 58 replies

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The Art to Draw Correct Trendlines

  • #41
  • Aug 9, 2011 2:58am Aug 9, 2011 2:58am
eu 30min
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/ ... clarifying decisions ... /
  • #42
  • Edited Aug 10, 2011 1:04am Aug 9, 2011 11:01pm | Edited Aug 10, 2011 1:04am
eu 30
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/ ... clarifying decisions ... /
  • #43
  • Edited 4:08am Aug 10, 2011 2:20am | Edited 4:08am
eu 30
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  • #44
  • Edited 9:51am Aug 10, 2011 7:58am | Edited 9:51am
eu 30
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/ ... clarifying decisions ... /
  • #45
  • Aug 10, 2011 7:31pm Aug 10, 2011 7:31pm
eu 30
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/ ... clarifying decisions ... /
  • #46
  • Aug 10, 2011 7:45pm Aug 10, 2011 7:45pm
when market is ranging it is difficult to draw them unless you uses a "cut through line" ..
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  • #47
  • Edited 5:18am Aug 11, 2011 2:46am | Edited 5:18am
eu 30
max potential for break to the upside
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/ ... clarifying decisions ... /
  • #48
  • Edited 7:45am Aug 11, 2011 6:06am | Edited 7:45am
eu 30
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/ ... clarifying decisions ... /
  • #49
  • Aug 11, 2011 9:57am Aug 11, 2011 9:57am
eu 30
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  • #50
  • Aug 11, 2011 10:28am Aug 11, 2011 10:28am
An example of a support line becoming resistance line form today's E/$ activity:

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  • #51
  • Aug 11, 2011 11:05am Aug 11, 2011 11:05am
Quoting GEfx
An example of a support line becoming resistance line form today's E/$ activity:

Attachment
very good point GEfx
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/ ... clarifying decisions ... /
  • #52
  • Aug 11, 2011 11:42am Aug 11, 2011 11:42am
I am done trading for the day and was looking at the chart for the Dow. Here is a view of the chart (30M):
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  • #53
  • Aug 11, 2011 12:40pm Aug 11, 2011 12:40pm
eu 1d
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  • #54
  • Aug 11, 2011 7:46pm Aug 11, 2011 7:46pm
WTI 30
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  • #55
  • Aug 11, 2011 7:52pm Aug 11, 2011 7:52pm
eurchf 30
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  • #56
  • Edited Aug 12, 2011 6:15am Aug 11, 2011 8:05pm | Edited Aug 12, 2011 6:15am
eu 30
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/ ... clarifying decisions ... /
  • #57
  • Aug 13, 2011 6:07am Aug 13, 2011 6:07am
eu 30
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/ ... clarifying decisions ... /
  • #58
  • Aug 13, 2011 7:56am Aug 13, 2011 7:56am
E/$ 1H chart.

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  • #59
  • Aug 14, 2011 1:37am Aug 14, 2011 1:37am
Quoting craptrader
You can draw a trendline how you like, but isnt the objective to make some money from it? Could be the subject for another thread, 'how to make money from trendlines, doesnt matter how you draw them'
If you can mathematically define a trendline then you can backtest its alleged predictive power.

Until then you are only assuming that it will give you a trading edge.
  • #60
  • Aug 14, 2011 5:01am Aug 14, 2011 5:01am
cable 1D
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/ ... clarifying decisions ... /
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