Yep. However, don't make the mistake of thinking that the trendline provides support in July. Note that price tries to make a higher high the first of June but pulls back to the midpoint of the bar. It then futzes around for five days before continuing the advance on the 8th. It is this little consolidation that provides -- or at least helps to provide -- the support for the pullback that bottoms in early July.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Trader Vic's Trendline
- Thread starter KevinK
- Start date
Quote from agpilot:
Buy his first book. It's all in chapter 7. Best $20 deal to learn trendlines that makes dollars and sence. Just posting one example isn't going to teach you much. (if you really are serious about learning) agpilot
Trader Vic... a Wall St master paperback $20
Yep.
I was fortunate to have worked for him for 2 years back in 1984-1985. Vic was an incredibly generous person and teacher of classic Dow Theory and technical analysis. He had an incredible library of books on technical analysis that went back 80 years or so at his home in Short Hills, NJ.
if ur looking for a trendlinesystem u should visit
http://www.nebadawn.com/stock-market-technical-analysis/training-home.htm
the rampprogram finds definable trendlines and looks pretty well.
http://www.nebadawn.com/stock-market-technical-analysis/training-home.htm
the rampprogram finds definable trendlines and looks pretty well.
Edwards and Magee, in their book Technical Analysis of Stock Trends, go into this topic in great detail. They also provide rulles for trading using trendlines. Granted the book was written with the intent of using daily and weekly charts, but I have found that the confirmation process and the rules in general work very well for intraday charts as well.
You can get their book from Amazon or their website. www.edwards-magee.com
You can get their book from Amazon or their website. www.edwards-magee.com
Quote from KevinK:
Trader Vic claims success with his style of drawing trendlines. Can someone please post an example of these type of trendlines?
KK
Quote from KevinK:
The book is on sale on www.amazon.com for 1.99
Buy his first book. It's all in chapter 7. Best $20 deal to learn trendlines that makes dollars and sence. Just posting one example isn't going to teach you much. (if you really are serious about learning) agpilot
Trader Vic... a Wall St master paperback $20
The book is on sale at www.amazon.com for $1.99 plus $3.49 shipping.