Do Trendlines work?

[tradersaavy]

So the break out through the top T/L
was a false break.


The bottom T/L held right at the line and bounced

NOTE to disbelievers:
These lines and posts are real time and that bounce from the bottom line came after just two points were drawn.

This means that there are probabilities with trend lines.

It is up to the trader as to how to trade the price action at these levles.

Open minds are very important.

 

[tradersaavy]

Update.

No real need to say anything, just look at the chart.

 

[makosgu]

Interesting. Just saw the post. My AM was also similar despite using diff chart. The time differental along the bottom of my chart was showing the pace was increasing so BO was imminent...

Watching for breakout above the RTL... Current tape appears to be somewhere on the five min. Kind of the nice thing about my chart, I can see where to look for the tape. Too bad I haven't corroborated with vol yet on the same graph.... Def a prob that I am aggressively working on fixing...

 

[tradersaavy]

5m chart with trendline, 5-6 13:34

 

[fionna]

Makosgu,

what data feed are you using with Medved QT - I am using esignal and don't seem to get same chart when using 1 tick.

thanks in advance

F.

 

[makosgu]

Quote from fionna:

Makosgu,

what data feed are you using with Medved QT - I am using esignal and don't seem to get same chart when using 1 tick.

thanks in advance

F.

IQFeed...

 

[makosgu]

Current PM...

Pace is S-L-O-W...

Apologize for the lack of vol annotation. Still polishin

 

[makosgu]

5M Tape I was referring to earlier. Tape meaning that the bars fill in the channel/container trend lines.

 

[makosgu]

Quote from icarus618:

The 2 pair and spike are observable. That was the intent of my last post and I could have been more clear. More than one instance of them are shown on the pic I attached. Can you spot them? How do they relate to the coarse monitoring? In real time watching the pattern that shows up on the TWS is another thing that relaxes.

ES Z4 1-Min C:

Spike = 3 tick bar
2 pair = 2 tick bar

At the trough I see 2 pairs -> Spike Down -> 2 pair -> Spike Up ->2 pair -> Spike Down -> Spike Up -> Spike Down -> 2 pair then Spike Up -> Spike Up...

Yes/No???

Coarse Monitoring... I'll need to figure out how to connect those nodes properly.

 

[duard]

Quote from Grob109:

What is the bar duration on your charts? Do you use DOM?

Jack,

I actually use volume charts,

10000 contract per bar and 200 contract per bar.

Jack, I have incorporataed many of your suggestions PROFITABLY. Just for the non-believers. Sheesh.

Thanks for your help.