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That's like saying I don't know how to predict the future by throwing runes on the floor. It might be true but who cares ,except you perhaps. If throwing runes or drawing trendlines helps you in some way feel more confident in your market choices good for you.

Looking a gift horse in the mouth eh?

At least a 50 day moving average is a fixed quantifiable constant(at the moment of calculation), trendline intesections are variables dependent upon user input. Thus whatever meaning you get out them(trendlines) is purely discretionary. Hey If it works for you fine , just don't attempt...

lol, trendlines are a result of looking at past market action and chart scaling the rest is just windmills of the mind.

AHHH What a glorious day to short the ES.

I've been loosely folowing your threads. My advice is quit trading for awhile, get disciplined or start using some stops. I say this because if I follow you correctly your losses on 2 trades were 2x your avg win., and in 1 trade you lost 12-15x your avg win. That my friend is backwards...

Vic WHO?

Anybody who admits to actually listening to what Jim Rogers has to say knows he claims "To be a TERRIBLE TRADER". However he appears to be a damn good investor. PS. I have never read a paragraph (or heard 50 seconds of speech) from Soros where he did not sound like an idiot.

I think this discussion of trendlines working or not working is ridiculous. Of course trendlines work and they are damn accurate too: for past price action. PLEASE , if anybody knows how to trade the past and extract profits I'm all ears! Oh how I would love to buy put future...

"No stops on the orders will be used but i will have mental stops." Funny thing about those mental stops, the exchanges don't appear to honor them. GOOD LUCK