chart
Do Trendlines work?
- Thread starter duard
- Start date
YM 5m update with targets shown
update to 5m YM
John
If this is for me. I believe trendlines exist. If they
are seen only later (after the fact) it makes no
difference. And yes, all the basic support and
resistance stuff, as you have mentioned.
Stephen Szpak
Pray do explain yourself. I believe a profound thought lurks within that post. Unlike your previous one, which failed to mention the possibility of buying or seeling pressure in a horizontal move
If this is for me. I believe trendlines exist. If they
are seen only later (after the fact) it makes no
difference. And yes, all the basic support and
resistance stuff, as you have mentioned.
Stephen Szpak
Pray do explain yourself. I believe a profound thought lurks within that post. Unlike your previous one, which failed to mention the possibility of buying or seeling pressure in a horizontal move
Jack
I have read and reread these passages many times and I still dont get it:
(Seriously, that a parallel line works is a deep and pervasive statement about the intimate connection of price and volume on the chosen trading fractal.
The line parallel to the trend line is there and works and is a statement for time immemorial. Why? The consciousness of the marketplace caused by the complex of people in it is a stable and huge enterprise. Millionaire barbers epitimize how informal information seeps through the system. This glue leads to conclusions.)
I have no doubt channels work often enough to make them valuable but I am still puzzling over why they work. The first paragraph above seems to hint at a mathematical relationship and the second a psychological reason. Any chance you could go into it some more? I dont need to understand this to use them but it bugs me.
What a beautiful channel this morning.
I have read and reread these passages many times and I still dont get it:
(Seriously, that a parallel line works is a deep and pervasive statement about the intimate connection of price and volume on the chosen trading fractal.
The line parallel to the trend line is there and works and is a statement for time immemorial. Why? The consciousness of the marketplace caused by the complex of people in it is a stable and huge enterprise. Millionaire barbers epitimize how informal information seeps through the system. This glue leads to conclusions.)
I have no doubt channels work often enough to make them valuable but I am still puzzling over why they work. The first paragraph above seems to hint at a mathematical relationship and the second a psychological reason. Any chance you could go into it some more? I dont need to understand this to use them but it bugs me.
What a beautiful channel this morning.
Hey:
My job is to take 10 points out of the market. After that I could care less. I entered long on the third bar with a 1 point stop loss
Posted the chart on another thread this morning, but the moderator apparently thought it should be "purged"
Ozzy, if you are looking for some commentary, send me a PM and I'll provide some direction.
See ya
Steve
Edit:
By the way, if you "see" trendlines only after the fact, that means you aren't making money. Those of us who actually trade, "visualize" potential trend lines all the time. Its called using your imagination. All you need to make a potential trendline tangible is two points. How hard do you want to make this? To go from point A to point B, the shortest route is a straight line (except on a sphere). Keep working on it, and you will eventually get there.
My job is to take 10 points out of the market. After that I could care less. I entered long on the third bar with a 1 point stop loss
Posted the chart on another thread this morning, but the moderator apparently thought it should be "purged"
Ozzy, if you are looking for some commentary, send me a PM and I'll provide some direction.
See ya
Steve
Edit:
By the way, if you "see" trendlines only after the fact, that means you aren't making money. Those of us who actually trade, "visualize" potential trend lines all the time. Its called using your imagination. All you need to make a potential trendline tangible is two points. How hard do you want to make this? To go from point A to point B, the shortest route is a straight line (except on a sphere). Keep working on it, and you will eventually get there.
steve46
I couldn't tell from the graph what I was looking at.
Was it the E-mini S&P 500?
So you shoot for 10 points a day ( up or down ) and
then exit for the day? Or do you hope for 10 points but
take as much as you can get before the trendline breaks?
Do you actually get 10 points on a majority of days?
My job is to take 10 points out of the market. After that I could care less. I entered long on the third bar with a 1 point stop loss
Thanks for any input here,
Regards,
Stephen Szpak
I couldn't tell from the graph what I was looking at.
Was it the E-mini S&P 500?
So you shoot for 10 points a day ( up or down ) and
then exit for the day? Or do you hope for 10 points but
take as much as you can get before the trendline breaks?
Do you actually get 10 points on a majority of days?
My job is to take 10 points out of the market. After that I could care less. I entered long on the third bar with a 1 point stop loss
Thanks for any input here,
Regards,
Stephen Szpak
Steve
Actually I asked 4 questions, but I'm sure
you saw that. I appreciate the input.
Do you
have the time/desire to answer basic questions
about trading the E-mini S&P 500 futures? I don't
want to be bothersome.
Regards,
Stephen Szpak
Actually I asked 4 questions, but I'm sure
you saw that. I appreciate the input.
Do you
have the time/desire to answer basic questions
about trading the E-mini S&P 500 futures? I don't
want to be bothersome.
Regards,
Stephen Szpak