Does trendline work?

I don't know if trend lines work, but I like using them.

I am a fan of Edwards' and Magee's, TA of Stock Trends. In the book markets are described as being in a Primary Trend, Secondary Trend and Minor Trend. Since I am not confident in my predictive TA skills, I am trying to develop my reactionary TA skills and these subjective trendlines help me see "trends", "changes in the trend", "consolidations" and "reversals" in a reactive manner. I also like MAs

Peter Brandt's trading plan uses TAST as its basis, but as been said here in this thread "position size" and "money management" is key. Especially if a trend following system may only be 30% to 40% correct.
 
nq 2019 1217 d preroll.png nq 2019 1217 d postroll unadjusted.png
 
drcruz said:
I don't know if trend lines work, but I like using them.

Peter Brandt's trading plan uses TAST as its basis, but as been said here in this thread "position size" and "money management" is key. Especially if a trend following system may only be 30% to 40% correct.
More...
%%
Yes, trendlines work;
but still plenty of other work involved...………………………………………………………………………………………….
 
GloriaBrown said:
Just draw some straight lines on chart and you will win money. Does that make any sense? Can you prove it works or it is a tale?
More...

I don't believe drawing straight diagonal lines make money, only an identifiable edge can make money. Risk / money management will help you survive. Trendlines are just "my" aid in determining if a market is trending or consolidating, it helps me make a decision. If I'm wrong, so what, my money management gets me out for a small loss
 
drcruz said:
I don't believe drawing straight diagonal lines make money, only an identifiable edge can make money. Risk / money management will help you survive. Trendlines are just "my" aid in determining if a market is trending or consolidating, it helps me make a decision. If I'm wrong, so what, my money management gets me out for a small loss
More...

Good luck with your drawing by mood
 
Trend lines are more about trend than lines.
And most see the finger instead of the moon.

And maybe that the best trend line,
Is a broken trend line.

Lmao
 
Sekiyo said:
Trend lines are more about trend than lines.
And most see the finger instead of the moon.

And maybe that the best trend line,
Is a broken trend line.

Lmao
More...

Especially during this current market, I'm waiting for an upward broken trendline
 
You must log in or register to reply here.
Back
Top