Is anyone using Edwards and Magee's trendlines in action rules?

Quote from qxr1011:

I think your top blue line should be redrawn, and start from Feb 2004 and end at Feb 2006, and the parallel to it bottom line should start at Aug 2004
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Ok I see what you mean. The lower pline is still under the price action and comes into play near 35.40
 
Quote from humble1:

Ok I see what you mean. The lower line is still under the price action and comes into play near 35.40
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Based on my chart's data the bottom blue line crossed the price today at 36.56, I reversed position and bought.
 
Quote from humble1:

If I reset to linear scale I see the same thing. This should be interesting.
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Well, there is no guarantee that it will be a reversal...

Generally speaking I do not consider E&M trendline rules as a trading method, these are rather some ideas, that can be used in building the method.
 
Quote from qxr1011:

Well, there is no guarantee that it will be a reversal...

Generally speaking I do not consider E&M trendline rules as a trading method, these are rather some ideas, that can be used in building the method.
More...

No problem. Actually his rules all apply to buying retracment moves after breakouts, so I consider this setup a bit un orthodox. Will watch with great interest. I presume this is the way you have it drawn?
 

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Quote from humble1:

No problem. Actually his rules all apply to buying retracment moves after breakouts, so I consider this setup a bit un orthodox. Will watch with great interest. I presume this is the way you have it drawn?
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Good, but you top blue line imho should run through the top of the of the Feb 2006, which was 43.31. Bottom blue - accordingly.
 
Quote from qxr1011:

Good, but you top blue line imho should run through the top of the of the Feb 2006, which was 43.31. Bottom blue - accordingly.
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Can you post the chart?
 
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