Attachments: How can I draw trend lines correctly?

How can I draw trend lines correctly?

#81
Jan 5, 2013 3:07pm Jan 5, 2013 3:07pm

kokopelli
| Joined Oct 2011 | Status: Hot Member | 338 Posts

Quoting forexmnstr

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Check here ...forexmnstr I have drawn this chart week ago ... check the red line on 1625 also check the spot silver chart , but i did not place order to buy on silver ... I have placed the order on another platform ... I usually draw trends on MT4 demo account ...

Ignored

Thanks for the clarification.

IMO, that red horizontal line is not a trend line...it's a horizontal support/resistance line. To me, trend lines are slanted lines connecting swings highs/lows. Nonetheless, as long as it makes money, who gives a damn what it's called.

#82
Jan 14, 2013 9:09pm Jan 14, 2013 9:09pm

CindyXXXX
Joined Feb 2008 | Status: Trader | 6,736 Posts

S/R

A few more to watch

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#83
Jan 14, 2013 9:31pm Jan 14, 2013 9:31pm

CindyXXXX
Joined Feb 2008 | Status: Trader | 6,736 Posts

Daily's...

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#84
Edited Jan 16, 2013 4:57am Jan 15, 2013 6:00pm | Edited Jan 16, 2013 4:57am

CindyXXXX
Joined Feb 2008 | Status: Trader | 6,736 Posts

Quoting CindyXXXX

Disliked

S/R

A few more to watch

Ignored

Was a good day for that fiddly stuff, with nothing to set the market into a fierce trend.