Do Trendlines work?

Quote from ElectricSavant:

I think what Walther is suggesting here is that Fractals and Human nature can be merged.

I will not discuss proprietary information that is not mine, so please do not PM.

I just wanted Walther to know, I know what he is talking about.

Michael B.
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Mr & Mrs Electric Savant;

I have a trendline related question;
it is NOT a prediction, however, just a high probability question.

Are you 2 going to enter Peregrine Financial Group [pfg] free trading contest s, you have to register this week,
Forex or Russell 1000 derivatives.???

If you won , you got paid to research something like trendlines;
if you didnt win, you still may find some good research.

:cool:
 
Here is an update to the trend lines drawn on the Dow 15m chart created yesterday and posted earlier in this thread.


Attached is the 15m chart with only the trend line in reference.

I'll post a 3m chart next to zoom in and show how the trendline acted as support which hinted at buying strength.
 

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Quote from hans37:

That's like saying I don't know how to predict the future by throwing runes on the floor.

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No, it is more like saying " You have no clue " .
 
Quote from ElectricSavant:

1/I think what Walther is suggesting here is that Fractals and Human nature can be merged.

2/I will not discuss proprietary information that is not mine, so please do not PM.

3/I just wanted Walther to know, I know what he is talking about.

Michael B.
More...
1/ That's about right
2/That is always a good idea, keep the best stuff for yourself or clients.
3/ Good to know that I am not alone ( in asylum ) lol
 
You woud never know if I did...I had an account years ago at PFG Best... Commissions too high....

Michael B.


Quote from murray t turtle:

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Mr & Mrs Electric Savant;

I have a trendline related question;
it is NOT a prediction, however, just a high probability question.

Are you 2 going to enter Peregrine Financial Group [pfg] free trading contest s, you have to register this week,
Forex or Russell 1000 derivatives.???

If you won , you got paid to research something like trendlines;
if you didnt win, you still may find some good research.

:cool:
More...
 
Mr Turtle..

I always read your posts.

I am not a very competitive person, like my husband. So I will pass.

Wifey


Quote from murray t turtle:

===========
Mr & Mrs Electric Savant;

I have a trendline related question;
it is NOT a prediction, however, just a high probability question.

Are you 2 going to enter Peregrine Financial Group [pfg] free trading contest s, you have to register this week,
Forex or Russell 1000 derivatives.???

If you won , you got paid to research something like trendlines;
if you didnt win, you still may find some good research.

:cool:
More...
 
Trendlines as support?
Sure, if enough traders are looking at them.

Take a look at the gif. Did the YM bounce because of the trendline or because of yesterday's accumulated Volume at Price/POC/VWAP?

Remember, the market only moves up and down, not diagonally.

They
 

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