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Remember: The more touches on the T/L the better T/L's can be support/resistance so play them how they fit your style: profit taking, breakout, S/R reversals, etc.

5m chart with trendline, 5-6 13:34

Update. No real need to say anything, just look at the chart.

So the break out through the top T/L was a false break. The bottom T/L held right at the line and bounced NOTE to disbelievers: These lines and posts are real time and that bounce from the bottom line came after just two points were drawn. This means that there are probabilities...

and just for laughs, let's see what this POSSIBLE trend line does

Could play a break over this line could pay a short from this line

Thanks for the reply. So, what am I asking to change to ? What will allow me to trade from 9:30 to 00:30 daily ? ( to cover U.S. market and Hang Seng )

Def, I know this has been touched on before but I don't really see any information that answers this: I keep losing market data, my "connection" from TWS to IB, just before midnight east coast while trading HSI. My auto log off is set to 03:00. Is this IB servers resetting or...

Staying open minded in trading is very important in my humble opinion. First, do you believe in breakouts ? Do you believe that if price can not get through an area as shown by past price action that once it does get through that area there is a potential to move further in that same...

maestro and others wondering how trendlines can add value to your trading: Please note that the charts that I put up a few posts back were REAL TIME. Trendlines don't have to be used just to trade with the trend or trade reversals. As 50cent stated, the lines represent possible S/R...

FWIW market currently ran from this breakout to 10188 over 60 points from breakout and is at prior horizontal resistance.

and here it is.

we'll watch and see this current trend line action on YM

Here's another update to the Dow chart that I posted on 4/24. The uptrend line was hit today and formed a red top tail candle on the 15m chart. A trader could have gone to a smaller timeframe chart and had a nice scalp short. 15 to 20 points. So there's an example of a trend line...

Trendlines are like natural rhythms of buying and selling. Sometimes this rhythm is so "perfect" that you can see it in the form of a line. You do not need the self fulfilling rule of everyone watching and acting upon the same thing for trendlines to show their face.

Here is a 3m chart showing how after the Dow broke through the original downtrend line it acted as support.

Here is an update to the trend lines drawn on the Dow 15m chart created yesterday and posted earlier in this thread. Attached is the 15m chart with only the trend line in reference. I'll post a 3m chart next to zoom in and show how the trendline acted as support which hinted at buying...

Trendlines can do many many things. What you as a trader find and works for you is what is important, obviously. I like connecting highs in downtrends and lows in uptrends. Very basic. I have found that these types of trendlines have created important support and resistance areas...

Trailing a stop behind S/R that the trend has made along its way is very valid too. By doing this you are trailing based on the what the market is telling you.

I'd have to say that there are a lot of different responses when I say that I daytrade, but the most common verbal response/body language is: "What do you do for a living ?" "I day trade" (with a questioning tone) "What exactly is that ?" "You trade stocks and make an income from...