I draw a crap load of lines, will it work?

[saliva]

Quote from goldenarm:

TraderZones means that the OP is cherry picking charts to illustrate his thesis. In reality, there are thousands of historical situations where the stock has gone up, gone down, or moved sideways from where those lines converged like in his samples.

Nah, the guy has no idea what he's talking about. I doubt he even trades. How could he? He would be suspicious of everything, including price for I know.

Ask him to name one thing, excluding price, that works effectively (by which I mean profitable) across the board. Until he does, he's pointless argument is moot.

 

[R. Raskolnikov]

Anyone who needs to constantly type their diatribes in giant bold letters clearly has issues.

Quote from saliva:

(To Traderzones): You seem never tired of giving the same sage advice. That is, same shit, same rhetoric.

Under that same bullshit scenario that you give, it's impossible for you to even consider trading unless you're able to replicate the same results for at least 100 times IN ADVANCE. See the point? I thought not.

 

[superstephen]

if i draw daily and hourly trendlines, and trade on the 30min timeframe, i see how price surges past the lines. im sure i could improve my trendline drawing a little, but i do feel comfortable with this arrangement.

if i draw daily & hourly trendlines and trade on the 30min timeframe, is there any usefulness of trying to draw in 30min trendlines as well.....or is that just pointless? it looks pointless.

 

[superstephen]

On NQ it appeared to be breaking through an hourly resistance line after 11am today(12-17-08) but i couldnt see an hourly resistance line comparable to NQ's on any other index, so the breakout in NQ should have been considered very low probability. And it did fail.

is this all accurate?