Do Trendlines work?

[dkm]

Thanks Jack. This is going to take a little time to digest.

 

[BSAM]

Caught a couple more, huh Jack?

 

[Grob109]

Quote from BSAM:

Caught a couple more, huh Jack?

Who knows...ET has a B crew here who keeps track....chack with your crew mates....

 

[makosgu]

Quote from BSAM:

Caught a couple more, huh Jack?

EXCELLENCE!

It's there, it really is! Dig deep and start monitoring/analysizing/deciding/act timely.


Kindest Regards,
G33M4K Type A (non-BEginner)

Today's Results
1 ES Contract +11.75 pts (fully automated) context free unfortunately w.r.t. volume - will nail soon

 

[John Merchant]

B Team punter checking in to the game! I am still waiting for just ONE real time call and execution report. With a five minute chart perspective it is perfectly practical to do that here. I have done that with my pathetic little NQ tick fucks on scalps shorter than his bar.

 

[BSAM]

Quote from makosgu:

EXCELLENCE!

It's there, it really is! Dig deep and start monitoring/analysizing/deciding/act timely.


Kindest Regards,
G33M4K Type A (non-BEginner)

Today's Results
ES +11.75 pts (fully automated) context free unfortunately w.r.t. volume - will nail soon

Mako.....

You need a light?

 

[makosgu]

Quote from John Merchant:

B Team punter checking in to the game! I am still waiting for just ONE real time call and execution report. With a five minute chart perspective it is perfectly practical to do that here. I have done that with my pathetic little NQ tick fucks on scalps shorter than his bar.

You saw the Greenspan a few weeks back? Still not convinced? This is all OT. I will refrain out of respect for the thread initiator. My apologies for addressing Special Team B...

 

[duard]

I'm lost?

 

[volente_00]

Do they work ?


Draw one through this chart and then get back to me




http://finance.yahoo.com/q/bc?s=^IXIC&t=my

 

[dkm]

Quote from Grob109:

One simple trendline rule (technique) is to go to slower and slower fractals until you find a rocket (consecutive bars fill the trendline channel). When you see the rocket on the given fractal, you know and understand that from the volume showing that the stage of the rocket is near the beginning, continuing, or near the end. All of this is a longer term consideration of the trade you are in in the 5 min. You know where you are in the rocket. If the rocket is old, then another flag goes up.

Are you using reducing pro rata volume on the slower fractal to indicate that the trend is ending?

The crucial factor in your answer appears to be "pace". These are the points that I have identified:

Context:
I am looking for peaking volume at the LHS of the channel.
I am looking for minimum volume at the RHS of the channel.

Pace:
If the pace is fast, sideline if I see reducing volume on 5min fractal. For a slower pace I have the option to trade the countertrend traverse, which I am not doing at present. Focus on pace instead of formations, for the time being. Compare peaking volume in successive guassians on 2min fractal to help identify reversals, along with the usual B2B and R2R.

My apologies if this is too simplistic, but I am trying to reach a practical understanding of how to use trend lines in the context of price and volume. Although I am using multiple fractals (15, 5 and 2) I still find that the channel context frequently becomes unclear, leading to whipsaws etc.