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Do Trendlines work?
- Thread starter duard
- Start date
Quote from dkm:
Thanks dkm... Your chart is alot cleaner than mine and presumbly because you see things alot clearer than I do. It also may be in part to the fact that I am too lazy to delete trendlines and usually just re-extend and redraw new trendlines over old ones as the market unfolds. Either way, I appreciate your post. That shadow PRV is a real beaut.
Kindest Regards,
PS.
125 on your PM.
no doubt trendlines represent an ideal place to define great risk to reward trades
http://priceandpattern.blogspot.com/
http://priceandpattern.blogspot.com/
Merchant, What you were testing were drills, training exercises, each designed to train your brain to the flow of certain information, then connect you to yet another layer or rule set. You are testing them individually and edge trading them thinking you were going to get rich. Two years ago Jack discussed how volume worked in surges and pulses and how to apply it, in paltalk. It wasnât until a year later that it became a topic again when it finally connected with some. 500+ pages worth. Jack made a lot of comments in an off hand manner. Unless you were at a place for that information to connect it would go right by. You needed to already know a lot to catch it, or go back and review to bring your self to a level where it all meant something. This applies to now as then. Many comments made in such a manner turned out to be huge if you could review practice and review again. Jack thought he was skipping steps but that wasnât the case. Jack did a hell of a lot of work to get people to think in sweeps and make connections. There isnât one thing that tells you to buy or sell, it all tells you. Jack said several times that he wouldnât comment on his personal trades and his commentary was geared to the 3 levels he was presenting. Some who were there sitting in the front row didnât get it. You are in the bleachers, have absorbed nowhere the information available, have it arranged wrong, pissed because it doesnât work for you and are making negative comments based on what little you know. You cannot possibly make any knowledgeable conclusions until you answer some questions you have outlined. On one hand you make a generalization calling it soy protein on the other essentially discretionary or complex. Which is your belief and which is what you know? Jack doesnât owe any one anything, no use pissing and moaning about a detailed explanation you need, its already out there in about six or seven years of posts. He has helped a lot of people become better traders, even you. Some people have a harder time because of what/how they think, others do not. If you really know Jacks methodilogy doesnât work better PM ETLURKER and tell him the bad news.
Steve. Thanks. But that sounds way too hard for me. I'll wait for the Cliff's notes version. All I know is that the more rules you have, the less often collectively they'll call a trade. But I am being argumentative. Oh, and ETLurker clearly was a fraud. I post some outrageous bullshit, but he was WAY over the top. I think maybe I just got you calibrated. Mike.
The rules are simple loops, you are looking at a set of critical points and conformations
Oh. So if it's THAT simple, why don't you explain it? Doesn't look like Jack is. I explained my oil tick fuck for Wolfie. That was simple. I am going to be really embarrassed if Jack is SIMPLE. He's always saying KISS, but the method seems anything but. It always looked like nose to the grindstone, ear to the ground, shoulder to the wheel to me.
P.S.: You may think I have no life posting this late, but I am testing new code that works on ticks and I need a nice slooooooow tick rate to see if it is doing what I want it to so I can mod it in real time.
P.S.: You may think I have no life posting this late, but I am testing new code that works on ticks and I need a nice slooooooow tick rate to see if it is doing what I want it to so I can mod it in real time.
Quote from makosgu:
Anyone else care to share there trendlines???
I'd rather post trend lines in real time, but, didn't have time yesterday.
So here is what I saw on 5-16.
The lines drawn were lines that assisted with entries.
The last larger timeframe line assisted with profit taking on the last trade.