Do Trendlines work?
- Thread starter duard
- Start date
Kind of getting into semantics here I think.
"Do Trendlines Work?" : 'Work' probably has different definitions per each reader.
There are many fine examples in this thread though showing how to 'work' a trendline.
That's more like it
Work a trendline sound MUUCH BETTER!
Thank you.
Work a trendline sound MUUCH BETTER!
Thank you.
if you look at the chart I put up at 9:54 with th red and blue trendlines you'll see that the blue line got touched 4 times as support and then broke thru and when it cam eback t stopped there as resistance, if we break thru 14076 on the minis what else are you going to use for a target, you can use the dow 14200 for a measured move or a measured move of the minis but most likely they will fall around that blue trendline, there just targets that you use to line up with support and resistance, the more times their touched on both sides the more valid they are
heres some target for the other way if we fail
Not semantics at all, tradersavy. In fact without a clarification of this point the discussion becomes jumbled. Which is to say, one must have some sort of strategy in mind when price approaches the line which one has drawn as being representaive of "the trend". If we might stay in clarification mode for a moment, I have two questions/suggestions:
1. It would be very helpful if at least once during their post(s), the trader would describe HOW they drew the trendline and if possible, WHAT their "trendline strategy" is.
2. Do you or anybody think that channels are different from what most people think of when talking about trendlines and therefore should be considered as being something other than trendlines?
TIA
lj
