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Slop, false break, noise, etc. it all means the same thing: Trendline or support resistance lines are "areas". It is easy for technical observation or analytical observation to get too techy or analytical. Too precise.

Thanks for the generalization. http://www.elitetrader.com/vb/showthread.php?s=&postid=1519026#post1519026

real time posting these two lines qualify in my book for usefule intraday information Again, how to play them is up to the trader. I personally will consider long above horizontal upper line of Resistance and the current intraday uptrend line may play as a short for me if I see price...

Trendlines / Support-Resistance Lines that I'll be watching on Dow/YM (attached chart)

see attached

Definitely. and for short term upside I'm watching the downtrend line drawn in this 15m chart (the thick red line)

I use all trading information, which means using the shadows as well. It has served me well. Shadows or tails can be very useful info at times so important info can have a role in a trend line.

They absolutely DO have predictive value, remembering that no prediction with a chart is 100% guaranteed. Look at the very last example that I posted just a few entries before this. It was in realtime. Price came down the the trendline again and it bounced. One could have "predicted" that...

Once again, trendline "magic". One may play a bounce from this line or play a break through this line, for just a couple ideas. Of course when to get it, when to get out it up to you. Or, if already long, the T/L may be a place to add, it may be a place for a stop, and on and on...

Here is an example of a break that actually moved pretty good initially (this happens to be an intraday trade from a 5m chart for YM) BUT it then pulled back pretty good BUT didn't go below the resistance which is now support and then really took off.

Some thoughts on a "Break Out" I trade YM from a 15m / 60m chart and hold for a day to a few days. Once I have identified what to me (from years of observation) looks like a very good support or resistance area via recent price action showing me this, I take a trade when the price area is...

I didn't read any of the replies so far so if this is redundant, I apologize: You really need to match your personality ( of course with a host of other criteria as well ) with the timeframe you trade, and you really have to know your personality. I traded from a 1m chart for a long time...

See attached chart of GOOG, weekly Should be self explanatory but if anyone has questions, please ask.

Everything we do in trading is based on some kind of predictability. Why would we put on a trade if we didn't think that "based on these combined factors, history shows that a likely outcome is...." That is a degree of predicting. So, for example, if I see a trendline, which is basically a...

by the way here is an update from yesterdays 'trendline trade'

The trendline is there, or the support area is there, whether you draw it or not and I wouldn't say it is subjective because it is out "there" on the chart/price action.

Look at this chart. One could look at this chart and if his trading methodology utilizes support/resistance areas, there is a very clear support/resistance area on this chart that may be used. Putting in a trendline or other indicator just helps us visually. See the next chart. (next...

It all comes back to the price action. If price is respecting a 20sma, then the 20sma could be used to determine a change in price action should the 20sma break with other factors as well. Or, if price action is respecting a Keltner, trendline, pivot point, etc.......... fill in my prior...

here is a great, great triangle I will play a break, however, cuz of yesterdays large range day, this triangle may have no energy when/if breaking.

How about an update the the Excel file on the website for YM, Sidinuk ?