In this thread on page 2 you criticized my Gold trendline, actually my trendline technique.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=229407
the clown who started the criticizm said this .....
just curious.. .who taught you how to draw a viable (and reliable) T/L?
The TL you show on that chart is a joke so far as using it for a trade.
Can you explain ?
The chart being referred to is Gold 1H shown below
http://img12.imageshack.us/img12/4423/gold1hoct2611.jpg
The criticism was that it was a terrible method to go short on trendline break.
Let's update that chart to see what happened shortly thereafter remembering that I would be short on the first trendline break.

Uploaded with ImageShack.us
and update it further to current play

Uploaded with ImageShack.us
continued in next post
http://www.elitetrader.com/vb/showthread.php?s=&threadid=229407
the clown who started the criticizm said this .....
just curious.. .who taught you how to draw a viable (and reliable) T/L?
The TL you show on that chart is a joke so far as using it for a trade.
Can you explain ?
The chart being referred to is Gold 1H shown below
http://img12.imageshack.us/img12/4423/gold1hoct2611.jpg
The criticism was that it was a terrible method to go short on trendline break.
Let's update that chart to see what happened shortly thereafter remembering that I would be short on the first trendline break.

Uploaded with ImageShack.us
and update it further to current play

Uploaded with ImageShack.us
continued in next post

