Does trendline work?

dozu888 said:
stop looking... NOTHING WORKS..

already posted many times - trading is not about finding something works, something somehow have been missed by millions of other traders.

check my thread 'trading is easy'... how stories are unfolded.

this is like 90% of drivers think they are better than average lol... give your fellow human being some credit and assume they have already tried everything that you are about to try lol.
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Successful trading is about one thing----Prudent Risk Management----this is the only true edge in trading.
 
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Scataphagos said:
Here's a "trend support line" that HAS held/bounced. This is the technical place to play it.

View attachment 322900

The "start" is all you get to KNOW... the rest you have to play by ear. Is it going to "stick" and be good? Don't know. If the line holds as support, it tells you something. If it breaks, it also tells you something.

Do trendlines "work"? Of course they do... just not a perfectly as players wish they did.... so noobs whine, "they don't work all the time/perfectly, so they're BS" (they whine about indicators the same way.... wrong about that too)... that's why they're noobs.

KISS, Baby! :)
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%%\
LOL, rookies whine to much+ work 2 little:D:D
EDIT, delayed/ my moving average s\curve all the time :cool::cool:
 
Here is a free tip for everyone.

Look at the chart below, and notice how the price is fairly "tight" all the way along the trendline (resembling a tight channel).

Dan Zanger calls them "frozen ropes". When these "frozen ropes” break (on EOD TFs), then these trades usually have very good reward to risk.

And yes, these are against the trend reversal trades, and therefore the channel needs to be tight and one needs to be able to read PA as well, and not just trade the trendline in vacuum.

Another use for these “frozen ropes” trendlines is to use them as warning. Say if you’d be long in APPL, and you’d see this frozen rope, then it would be prudent to exit or replace the stock with a Call because the drops can sometimes be huge.


upload_2023-9-13_0-12-0.png
 
PPC said:
Here is a free tip for everyone.

Look at the chart below, and notice how the price is fairly "tight" all the way along the trendline (resembling a tight channel).

Dan Zanger calls them "frozen ropes". When these "frozen ropes” break (on EOD TFs), then these trades usually have very good reward to risk.

And yes, these are against the trend reversal trades, and therefore the channel needs to be tight and one needs to be able to read PA as well, and not just trade the trendline in vacuum.

Another use for these “frozen ropes” trendlines is to use them as warning. Say if you’d be long in APPL, and you’d see this frozen rope, then it would be prudent to exit or replace the stock with a Call because the drops can sometimes be huge.


View attachment 322903
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%%
BEST trends hug moving averages ;
ropes are seldom that straight for long, especially in SEPT.
An apple a day keeps the doctor away:caution::caution:
 
Not "trendline", just more basic "buy support, sell resistance" Price TA off the same chart.
tue3.PNG


25 points up off of "up arrow support"... 25 points down off of "down arrow, matched high, resistance"... 50 points round trip...

There's currently a "matched low at 4514... might be ANOTHER 25 points potential if the market reverses back up off of this support... we'll see. (Lamenting my option plays didn't do this well today... :))

And some of you have no interest in learning this??

(Yes, I'm needling on purpose.... to shake up the dumbasses who whine, "TA is BS" and "TA doesn't work"!) :)

Update.....

Bought matched low at 14
out at 08
-6

Support doesn't ALWAYS hold, you know...
 
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