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Can we try to list all of these rules or do you think it would be impossible?

I can program this. As long as I know the rules. :)

How would you draw or use them? I thought that the trendlines are trendlines. :confused:

Why do you think that programming of the trend lines would not work? Could you explain please. Is it because of "fuzzy" rules?

Jem, Walther, icarus618, tradersaavy, Grob109, others ? Any thoughts?

These are trendlines that are common to most replies I received so far (through posts and PMs) Do we agree on them? Please post more pictures if you'd like to participate.

Very helpful. But somewhat difficult to program into a definitive experiment. I would like to suggest a more formal approach (at least for now). Entry: On the close of the bar that is closed above (below) a trendline. Exit: None. only reverses to an opposite trade. Stop losses...

Sure.

Guys, please participate. It will be helpful for all of us. :)

Thank you very much! Do you consider entry when the bar is formed completely or in the middle of the bar? Where are your exits? Stop orders? Thanks again. Cheers.

Question: Please draw trendlines the way you see them on the chart attached. No explanations needed at this time.

What commission rate are you paying (stocks, options, futures). They don't have it on their site :confused:

Jem, Walther and other trendline enthusiasts. I have to confess! You got me convinced! I have made a decision. I'll dedicate one of my best researchers to thorough investigation of the trendlines efficiency. You guys know me fairly well, I will not bullshit. If there is anything there I'll...

A very good point! Such knowledge is assumed but does not necessarily exist thus trendlines are also assumed (subjectively) but do not exist objectively. That was my point exactly. :cool:

Good move!

:) I hope you don't mind my harmless joke. After all, important part is that flags work for you. It does not matter whether anyone else believes in them or not. If you are a religious man then your faith is only important to you and should not be questioned by anyone else. As well as...

I have better idea. Why don't we discuss a corkscrew formation. It works the following way. Draw a flag formation and then attach to it its mirror image. If the price follows this mirror pattern then you are in a "clock wise corkscrew" formation. If the price breaks out of that mirror pattern...

This is outstanding!!!! Thanks a lot for this link! I'll have so much fun in the office! Great entertainment! :D :D :D

Hi Walther. Before I reply I would like you to know that you are one of my favorite posters on ET. Having said that I still would like to argue that trend lines are not more then a psychological trick that your eyes are playing with you. Please do the following experiment: Take any chart...

MYTH - A traditional sacred story, usually featuring gods and heroes, which purports to explain a natural phenomenon or cultural practice. TRENDLINES - A traditional trading myth, usually featuring old-school chartists, who purport to explain a natural phenomenon of markets. :) :D :cool: