Do Trendlines work?

Well, I certainly hope so. You saw me at work in that bar in Nawlins? But this is serious shit. I am desperately waiting for Jack to take me beyond two bars. I have already been to two tonight. Did you notice how his admonition to watch the volume on the second bar as it got hard and soft was accompanied by NO algorithmic information? It was very much like the line of bullshit slung to Candy in Terry Southern's 60's novel of the same name:

"I have perfect self control. I will this tiny drop of semen to form on the head of my dick."

Give me a RULE, Jack, and I will admit that you RULE.
 
Quote from OddTrader:

Thanks, that's nice. Do you have a name of the painting? :confused:
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Luckily I found out the name by myself. It's called Matryoshka. :cool:

http://www.elitetrader.com/vb/showthread.php?s=&postid=753704#post753704

Quote from OddTrader:

Wonder the following might be of much interest to the master and his disciples.

"Russian wooden dolls within smaller dolls were called matryoshka. ... Subsequently, it became a symbolic name and was used specially to describe brightly painted wooden dolls made in such a way that they could be taken apart to reveal smaller dolls fitting inside one another."
http://www.russiandollsandboxes.com/history.shtml

:)
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Quote from John Merchant:

He can't. He has to know what I am saying about him. Besides, I am a cockroach. I'd just use another name, like Kokomo Bogart. The only reason he recognizes me is that I use my Merchant puppet most of the time.
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Mon Cher Jean Marchand,

Friendly advise: don't again misplace your name list. Keep it in a safe place

Be good,
nononsense
 
Quote from John Merchant:

...If you have read any of my aliases' posts, you know that I like ONE SECOND...
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matter of fact, ET has only one real member. John Merchant. Everyone else is really an alias.

Must have something to do with increasing his probability of laying festively-plumb chicks!

:D
 
Today's market is looking similar to yesterday's. Again I have posted a chart with a trend line, however I would not have used it myself. I would have simply eyeballed the trend. Market is looking strong to me. I am long currently, but I will need to see some confirmation (price). I have attached a chart. Comparing today with yesterdays you may see what I am point out.

Good luck.

Lefty

Edit:
OK then it is about 10 minutes later and we have a spike up on good volume. I bought the first retracement. Hope everyone is catching this one. For this to work out we have to have a little congestion and then a move through 1196.75 resistance.
 

Attachments

Quote from Grob109:

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You may not know this but I did expect you to consider my viewpoint and consider that there may have been a benefit to you personally where the cost to you would not have been too high. A am not a dictator. But i was very firm in my request that you turn off, for a while, what you insist on doing that gets the results that you clearly see and understand.

You see that the majority of the time when you resond to others that they are not, then, responsive to you. maybe you can see that I am capable of assessing where you are in this topical areas as well as where you are in learning, where you are in making money and where you could be if there were some changes made.

I admire your persistance in holding to the course you are "walking". It is yours. I am not going to interfere.

You are composing something for some purpose and you are thinking up questions to ask ET. Neither of these items do I want from you. What I was talking about was two lousy bars on a chart. I said a couple of things to set in motion a PROCESS of consideration of the market. I also ask you to refrain from going off topic as a matter of allowing YOU to keep focussed on what was going on in the market.
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I did not want a "response" from you. Just like I do not want any responses from B people. B people live in a different world than those who make a lot of money. I was simply hoping you could briefly acknowledge that you understood what I posted and that, furthr, for a while you would not go OT. OT means off topic, which means I am for a while introducing and conveying words on the topic I have chosen to provide to you.

You need to do other things. You need to "respond" and you need to ask Q's. Cool. Very cool. You feel constrained presently because you are intent on doing what you want to do and you know that I have almost made it too difficult for you to continue to what you do. Almost. Not quite. You are going to persist in what you want to do or you are going to skip doing what you want to do if I tell you not to.

Well, I am informing you that your "responce" is OT and your Q's are also OT. I am not saying this as a dictator. I am saying to you that you do not "get it". Your modus is ingrained deeply within you. It is at a level whereby you can not complete tests in the allotted time because you insist on taking tests not in the manner in which they are intended. This makes you a "handicapped" person.
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I am going to digress for a moment. I am old and I lack health. But I am a person who builds stuff.
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So what could happen to a person learning to trade if he were to be flexible enough to consider learning about the market? You are not flexible enough as you have told me. You cannot consider going through a day in the market by simply expressing "I understand what you said" and I am not going to raise tangential Q's (any Q's at all as a matter of fact). Also I am going to refrain from giving you a "response" that I personally thought up after taking several days to consider 2 bars of the opening of the market...
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OK Grob109. I absolutely do not intend nor wish to inexcusably screw up this communication channel. I had severely limited access abroad and have just caught up on all your posts here. Here is what I have acknowledged.

Quote from Grob109:

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Watch bar 1.

After bar one watch the volume of bar 2. Note when bar 2 reaches a price limit out side of bar 1. Think about the partial volume where that limit was reached.

DRAW THE CHANNEL at that point using the ends of the two bars.
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Acknowledged.

On the table...
Price limited as a result of V' change (ie either incr. to decr. or decr. to incr.)

Channels bounded by the V' switch...

2 bars...

Please inform me of that which I have screwed up and/or have failed to correctly acknowledge.

Kindest Regards
Not a Response...
 
OK then, we have about a half hour to go. I am looking at the high of the 2:20 EST bar (5 min bar). If price takes out that bar, I am going to add 10 contracts and wait for the end of session. I think we may have a rally into tomorrows market. Below 1196 I will be out. By the way if you look at the trendline I drew on the previous chart, and extend it (I will post another chart) you can see a nice regression process that seems to be in place from early morning to end of session.. Buying the extremes would have been profitable

Edit:

I am out here at 1196. So it goes.
 

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