Do Trendlines work?

EOD chart... I've never seen a channel like post 2:30... BO from a short traverse into a steep long channel. The traverse back to support was practically untradeable on my left chart, certainly nerve racking on my right... Nearly got rocked there...3:30 vol surge and back into the long groove till EOD... I know time moves differently between both my charts and that may be creating some unnecessary distortion... Blabbing here...

So my EOD lines... Tough indeed...
 

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Mak

I see on the left chart lower section what I think are pressure bars, the top respresenting trades going off at the ask and lower, trades at the bid. I have experimented with these but found nothing I could use and am curious as to how you use them if you dont mind.
 
Quote from makosgu:

How many members actually take an initiative to step up to the plate and do some educating? Practically none! And when.....

As always, Kindest Regards...
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Mako.....

Please keep in mind these things:


Beauty is in the eye of the beholder.
(On ET): Size doen't matter.
And finally.....And this may be, at least, one of the most important things I will ever get to tell you: Listen to some Led Zeppelin and some Ozzy. When one's mind is TRULY opened, learning begins.

And to you to my friend, Kindest Regards.
 
Quote from easyrider:

Mak

I see on the left chart lower section what I think are pressure bars, the top respresenting trades going off at the ask and lower, trades at the bid. I have experimented with these but found nothing I could use and am curious as to how you use them if you dont mind.
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Sure, it just dices volume. Basically when I see the volume spikes, I check to see which direction the spike is occuring in. The pressure bars tell me that right off the bat since it is while the bar is forming (ie. 1 min in, 90 secs in, 2 mins in, etc.)... Behind all this is an elaborate spreadsheet that I corroborate this info with if i'm really nervous so that I can watch the traversal transpire. Its basically a super compressed right side chart...

Kind Regards...
 
I find a 12 period and 25 period give a very nice crossing signal. Just my two cents. Oh, and the MA's I have are set as exponential MA's.
 
Without going thorugh this entire thread, I think the important thing to remember is what trendlines are, they are a gradient showing the strength of a trend, and nothing more, therefore I recommend that you never use trendline breaks to enter positions, but as exits, as it shows a decline in momentum.
 
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