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Spydertrader, Being well familiar with the Wyckoffian concepts associated with volume and price, I must say that in my experience there are several factors which come into play "at the rail", if you will. I do not use trend lines in my trading protocols but I am not saying that they cannot...

Lamont C, "However, this has much less to do with trendlines than it does with simple support and resistance. When price approaches the "trendline", look to the left." Indeed you are correct and if I might amplify my previous blather ever so slightly, please allow me to say that when...

Tradersavvy, Do you have any instances where in spite of your expectation that price would bounce off the trendline, it in fact didn't? I'm sure that you do and as you say yourself: "...remembering that no prediction with a chart is 100% guaranteed." All I am saying is that what a...

Triggertrader, Very true that the trend(line) is your friend until it isn't. The rub, as you say, is the chop. Trader Vic's 1-2-3 is as good as anything I've read and he tells you how to draw the damn things. The problem with news is that usually it isn't new to the people who are...

Thanks bi9foot. I will look at the attachment closely. lj

As penance for doubting the words of the one who sees all that needs to be seen, I have given myself a wedgie and it feels right and seems just that I've done this. lj

Spyder, Thank you for your response. Yes I would agree that trend lines and all that goes with them are variable feasts. I am well aware of a number of protocols for drawing trend lines, constructing channels, etc., but my question was concerned with how your methodology dealt with the...

Spyder, Thank you for your reply. Another question. In the chart of ASCA (above) it is clear that after the gap of 10/5 the trendline was reset, a not unreasonable thing to have happen. However you could not draw that new trend line until much later (11/2). So what did you use as a...

Spyder, I am not intimately familiar with the details of your protocol so excuse these questions if they merely are reflective of my ignorance. To what extent does a large opening gap affect your assessment of the fidelity of your parameters in so far as an equity is concerned or is this...

Oracle without peers, Is there a wedgie in the offing? Obsequiously yours, lj

If I might presume that what taowave meant when he said trendlines have no predictive value is that when a trendline is trending in a certain direction there is no reason whatsoever to believe that it will continue to do so. That would seem to be rather irrefutable. On the otherhand when price...

Dear MrktObserver4u re: 11-06-06 05:04 AM Trendlines only work if the trade goes your way. Geez. It would seem to me, and perhaps that's what you were saying, that whatever process (trendlines, Gann time/cycles, pigeon entrails, etc.) one uses to put a trade on, only works if the trade...

Frogman, Sounds nifty. I'm working on a bit of a system myself and without boring folks with details, it so far is a combination of a Sperandeo basic trendline plus appropriate consideration of the fact that as the day moves along and new highs and lows are formed intraday (not necessarily...

FWIW, The venerable dbphoenix has a rather illuminating viewpoint (and concomitant discussion) on trendlines which can be found on the T2W PV discussion board (and quite possibly in other posts on ET). While one may not necessarily agree with all that he has to say, he presents a reasoned...

Hey huskydog, Let me pick your brain again. Saw this little message the other AM and wondered if you could comment on what effect this might have on the ability of MM's to tilt the board in their favor. My reason for asking has to do with the questions I raised in earlier posts about...

Thanks huskydog, It's great to get some knowledgeable feedback. When you say (today anyway) that you couldn't tell, based on what you know, what the early AM move was going to be, it makes the uncertainty more palatable. Today was an interesting day and one has to think at sometime before...

Huskydog, Thank you for the cup of yellow snow. You are forcing me to crank up the market conspiracy scenario and involve outside nonprofessional participants on the payroll of unsrcupulous MM's and specialists. No, not really but I am going to check with the SEC and see exactly what...

Huskydog, After reading your posts I experienced several Homeric moments of "doh!" and this AM did the following: 1. Collected the NASDAQ/INET preM (premarket) data as per usual. 2. Used the IB setup and collected the preM data from its data feed (including the actual B/A quotes - doh!) 3...

Thank you spxdes. I have been trading for a while and have no intention of trading the premarket. It reminds me too much a travelling down some jungle path and falling into one of those pits with sharp, pointy things facing in the wrong direction. My thought was to try and use the...

Like a nasty case of Herpes Type II, I'm back again with a request for help from anyone who might be disposed to give it. Attached is this AM's print out (it's not too long) of the NASDAQ/INET T&S for GOOG. Since it's the premarket there can be no "Market" orders and so my thought was that...