ES trendline break

[Rickshaw Man]

YEP

 

[Zastaber]

Seems like it.

 

[Lamont_C]

Depends on where you draw your line. If you're using LOC, then the trendline is broken. If you're using bars, then price rallied back above the trendline, which carries a different implication.

 

[vulture]

How typical. The ES breaks the trendline and then starts flatlining.

 

[Charlie Dow]

Quote from Lamont_C:

Depends on where you draw your line. If you're using LOC, then the trendline is broken. If you're using bars, then price rallied back above the trendline, which carries a different implication.

Exactly. What break? You do have to use all the data though for any trendline to be accurate.

 

[MacroEvent]

suspended in animation at this point

 

[Charlie Dow]

Maybe we need to start a donation so Rickshaw can afford a licensed copy of his capture program.

 

[VictorS]

Charlie, I enjoy your posts, but how did you come up with your trendline? care to elaborate?

 

[Charlie Dow]

Quote from VictorS:

Charlie, I enjoy your posts, but how did you come up with your trendline? care to elaborate?

Hey Victor, I don't use trend lines and that is my point. They can only be laid out after-the-fact to give you a trading directional zone but specific support and resistance is true. OPinion: Trends are perfect but you must define them first and 90% of the traders out there can't so it's easier for them to just say they don't exist.

 

[VictorS]

okay, you had me confused.
Always good posts from you. keep it up.

P.S. 1210 our next stop on the esu5?