Does trendline work?

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?
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trend analysis is not about "drawing a line". first learn how to observe these trends. knowledge about support and resistance points is a must in such cases. actually just find yourself a buch of articles about trendlines and go for it.
 
Leob said:
What really works great is Support become Resistance ( or not ..) , Resistance become Support( or not..)
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about proofs - well, anyone can attach a screen of a random chart, but does it even make any sense.

I mean, there are plenty of tools you can use, so choose yours
 
GloriaBrown said:
Just draw some straight lines on chart and you will win money. Does that make any sense?
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trendline 997.png
 
easymon1 said:
Which do you like more, the horizontals or the diagonals?
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Neither. You cannot quote a 2 year-old chart and then post a chart that shows action over two days in the past week. I think I am whining about TA differences. K, I shut up now.
 
Overnight said:
Neither. You cannot quote a 2 year-old chart and then post a chart that shows action over two days in the past week. I think I am whining about TA differences. K, I shut up now.
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No worries. Dive in. Everybody has trendline tales.
 
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