Anek, you just too cool. No response necessary.
AHG - Profitable Strategy for Struggling Traders
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Ahhh,
you guys are all awesome! What a great thread.
Ok, so trend lines ARE pretty subjective. That was the main thing I was trying to figure out. Just didn't want to be doing something completely wrong and screw up everything I've learned from this thread.
Also Anek, thanks for posting that picture with your commentary. It helped a lot!
you guys are all awesome! What a great thread.
Ok, so trend lines ARE pretty subjective. That was the main thing I was trying to figure out. Just didn't want to be doing something completely wrong and screw up everything I've learned from this thread.
Also Anek, thanks for posting that picture with your commentary. It helped a lot!
E
eric631
Hi Anek,
Just wanted to say thanks for the thread and all the helpful information with one question that is bugging me. Say an uptrend has been established, and you see a double top or even triple top instead of a HH, how do you treat that? Is the trend still valid as long as you have a LH LH?
Thanks in advance,
Eric
Just wanted to say thanks for the thread and all the helpful information with one question that is bugging me. Say an uptrend has been established, and you see a double top or even triple top instead of a HH, how do you treat that? Is the trend still valid as long as you have a LH LH?
Thanks in advance,
Eric
Eric,
If the last high was not a HIGHER HIGH be very cautious. Also be very suspicious of higher highs by only 1 or 2 ticks. Especially as it approaches the trendline.
A good example is the trendline chart I posted today.
Trendline breaks are usually more aggressive when the last high was not a higher higher. Especially if it was a LOWER high.
Technically, if a higher high was not achieved it is NOT an uptrend.
Anek
If the last high was not a HIGHER HIGH be very cautious. Also be very suspicious of higher highs by only 1 or 2 ticks. Especially as it approaches the trendline.
A good example is the trendline chart I posted today.
Trendline breaks are usually more aggressive when the last high was not a higher higher. Especially if it was a LOWER high.
Technically, if a higher high was not achieved it is NOT an uptrend.
Anek
Ditto, also Bully Porter or IPA's, hophead here.
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