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Drawing Correct Trendlines 58 replies

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The Art to Draw Correct Trendlines

  • #61
  • Aug 14, 2011 6:18am Aug 14, 2011 6:18am
eu 1MN
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  • #62
  • Aug 15, 2011 12:02am Aug 15, 2011 12:02am
eu 30
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  • #63
  • Aug 15, 2011 10:27am Aug 15, 2011 10:27am
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  • #64
  • Edited Aug 16, 2011 4:59am Aug 15, 2011 11:27pm | Edited Aug 16, 2011 4:59am
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  • #65
  • Aug 16, 2011 8:13am Aug 16, 2011 8:13am
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  • #66
  • Aug 16, 2011 8:33am Aug 16, 2011 8:33am
Traditional trendlines are very subjective. It really depends on the person drawing it.

Look at TD Lines. Less drawing but more objective. Drawing from right to left rather than left to right gives you lines that are closer to price action.

May also want to look at Mouteki's method.
福 子 Victor V
  • #67
  • Aug 16, 2011 11:58am Aug 16, 2011 11:58am
eu 30
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  • #68
  • Aug 16, 2011 5:34pm Aug 16, 2011 5:34pm
eu 30
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  • #69
  • Edited 4:30am Aug 17, 2011 2:35am | Edited 4:30am
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  • #70
  • Aug 17, 2011 7:15am Aug 17, 2011 7:15am
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  • #71
  • Aug 17, 2011 9:53am Aug 17, 2011 9:53am
Quoting camvcvoo
Traditional trendlines are very subjective. It really depends on the person drawing it.
It's like Family Feud. You must try and draw the same trendlines most other people have drawn.
That is why it's good to take a look at others' charts from time to time.
Thanks for the hard work walb99!
  • #72
  • Aug 17, 2011 11:19am Aug 17, 2011 11:19am
Quoting Giansar
It's like Family Feud. You must try and draw the same trendlines most other people have drawn.
That is why it's good to take a look at others' charts from time to time.
Thanks for the hard work walb99!
thanks for the kind words Giansar

eu 30
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  • #73
  • Aug 17, 2011 3:23pm Aug 17, 2011 3:23pm
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  • #74
  • Edited 3:01am Aug 18, 2011 12:20am | Edited 3:01am
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  • #75
  • Edited 7:13am Aug 18, 2011 4:26am | Edited 7:13am
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  • #76
  • Aug 18, 2011 8:17am Aug 18, 2011 8:17am
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  • #77
  • Edited 11:48am Aug 18, 2011 10:01am | Edited 11:48am
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  • #78
  • Aug 18, 2011 5:52pm Aug 18, 2011 5:52pm
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  • #79
  • Aug 18, 2011 6:16pm Aug 18, 2011 6:16pm
Hi, I have seen this thread before, and just couldn't help but ask a question or two, as well as give a pointer or so..

I notice that you are drawing these trend lines and posting them with regularity. It looks great, however, as trading is based on decisions, why not point out the lines that help to make trade decisions?

As a tip, some of your charts are getting littered with trend lines and to give a better example of what a good trend line is, it might be better to draw a few of the good ones, rather than every line that lines up.

The thread started out well, will a few lines, but the last few pages are like a trend line mine field!

Perhaps provide some insight as to how you personally might use these multiple trend lines for clarity?

I can't see how this helps in trading, rather than to confuse the readers as to what is a correct trend line.

None the less, if it works for you, power to you.

Good Luck!
  • #80
  • Aug 18, 2011 6:23pm Aug 18, 2011 6:23pm
Quoting orderphlow
Hi, I have seen this thread before, and just couldn't help but ask a question or two, as well as give a pointer or so..

I notice that you are drawing these trend lines and posting them with regularity. It looks great, however, as trading is based on decisions, why not point out the lines that help to make trade decisions?

As a tip, some of your charts are getting littered with trend lines and to give a better example of what a good trend line is, it might be better to draw a few of the good ones, rather than every line that lines up.

The thread...
you are invited to post some of your charts with trendlines as well
regards
/ ... clarifying decisions ... /
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