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possible triangle again

triangle update The top side trendline broke. Price hit yesterdays high and stopped dead. Personally, I missed the trade. This would have been a scalp trade IMHO.

One could play the break of these lines. However, be cautious as there are support and resistance areas close to areas outside of these lines. VERY IMPORTANT: How to play the break of the lines is key. This is up to the trader.

I'd rather post trend lines in real time, but, didn't have time yesterday. So here is what I saw on 5-16. The lines drawn were lines that assisted with entries. The last larger timeframe line assisted with profit taking on the last trade.

I am going to add an update to this journal as there has been a significant change and learning point in trading this system and the topic of discipline. And trading in general for that matter. Hopefully when I read this journal again some time in the future I'll be able to learn from the...

Just like the financial market, Real Estate's number one friend/foe is supply demand. What is supply / demand like in your area? Anyone ? Here in South FL demand is high and supply is low. And guess what ? As long as the New Yorkers keep coming down here to buy there are two things...

Here is the 3m chart of ES today, 5-12, with only the regular trading hours. The trendlines that are on this page are the trendlines that were drawn premarket from previous days info and was posted a few posts back on a 15m ES chart...

Exactly.

ES 15M chart

Can you post some charts ? Would like to see what you saw.

OK, either you are posting redundant questions to be funny or you have not read some of the posts here. Actually, I replied to you directly a couple of posts back AND I have offered two different scenarios in real time showing how trendlines could have been used for trading. So, if you...

Resistance then Support Trendline was initially drawn at 10:15 eastern. Posted at ET at 10:54

see chart

Yes, dkm that is very notable too. I does keep poking a little lower each time though.

real time update to trendline drawn a couple posts above. YM , 3m

I thrice this notion !

Let's see if this T/L on YM 3m chart acts as a nice support or resistance at some point today.

Perhaps you missed the charts that I posted live a few pages back. http://www.elitetrader.com/vb/showthread.php?s=&postid=743542#post743542 The bottom trendline was drawn from 2 points, which you could refer to as "past" points. The extending trendline from those 2 points "wrote" a...

Yes I use them too. They are just as good as angled ones. Because they display the same thing, support and resistance areas. Today, on YM 10350 could have been used as an intraday horizontal line. I'm not looking at a chart as I type this but I remember 10350 being a sticking point...

T/L's