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Nice trading for a girl, NoDoji. Haha j/k :) Your style is very similar to what I do and I like seeing your charts. Good stuff. metal

What I meant was that the initial trendline sets the stage for the whole trade. If price doesn't respect it then there is no case for the cloned one. But of course once things are rolling we'll need it for the exit.

afto, The initial trendline is everything. Once price responds to it you have some very valuable information. Is it being rejected or followed? If rejected you take your small stop and look for the next trade. If it's being followed you have a potential winner. The cloned trendline is...

Very right, NoDoji. So far I've agreed with everything you've said here. lol. I'm glad the info is helpful. metal

Glad you like the posts, B. I try not to take counter-trend signals unless they're like what NoDoji described in one of his posts. That is, for example, if a larger time frame chart (like the 60min) is in an up trend and I have a 5min downtrend, then I would consider a counter-trend long...

Xspurt, As I stated early on trendlines are not always science, there's an art aspect as well. In this case I cloned the trendline to a lower swing low than the one between my two points because that was largely noise and this lower swing low is clearly of importance. You can experiment...

Target hit. metal

Update metal

Just took this long on 6e. Stop is under those two double bars sticking out through the trendline. Target is in the 1.4274 area at this time. metal

Let's push our understanding of PA at trendlines a little bit. Today I'm going to show you what I call a nuance entry. This is a more risky trade and not recommended if you're a beginner. The nuance entry is your basic trendline touch entry, which is the height of simplicity and it works...

yes, but your arrow lines don't make sense to me.

Let's further our understanding of trendlines. Note how price reacts when it crosses a trendline and tests it from the other side. See how the trend is respected, even when it looks like price is turning down? There is much to grasp from such PA. Here we have a 5min chart, which you can use...

Jack Hershey you are not welcome on this thread; please do not post here again. We have a great discussion going thus far and I like seeing the productive exchange of ideas continue. Thanks to everyone for their input as I, too, want to learn. Let's ignore the trolls. I'll post more of my...

I couldn't disagree more. What I posted and what CrazyAtrader and NoDoji have reinforced is truly a simple method that works. Sure there is a little more to it that I plan to introduce but make no mistake: this approach makes money day after day. There are plenty of other trading methods...

That looks a lot like my trades for today, NoDoji. I notice you take shorts on up channels, and I wouldn't do this without other confluence. How do you treat that situation? metal

Nice trading, NoDoji. Here's my hindsight view of a 5min CL chart. Trendlines are partially art and you sometimes have to draw several until price starts respecting one. Once that happens you are safe to clone the line into a channel: metal

Instead of "last swing low" I should have said "next highest swing low". That is, the higher low above the previous one. Hope that makes sense.

Zr1, There are many entry methods, such as trendline touch, trendline pierce, a lower low below it, a pattern, two bar reversal underneath, three bar reversal underneath, volume exhaust, etc. Pick one or two as your approach and stick with it. You can't encapsulate every possibility but...

very nice, baro-san. This is exactly what I'm talking about only I was keeping it very simple as I gently introduce the concept. metal

Yes, now that we made a higher high our trendline is drawn using the last swing low before that high. In today's case our channel failed and price is now inside a bigger channel. We can also draw trendlines by connecting successive high swings and cloning that line to the lowest swing low...