Trend lines overrated?....

F

focusonmoney

Are trend lines overrated? I'm not saying they don't work, but if you asked 5 traders to draw a trend line all of them will draw them different.. And usually the perfect trend lines are drawn after the trend is made.. I'm just saying..
 
I pissed on your volume post – so here’s an olive branch….



I have tradable trend lines which have been in place since Mar 16, 2009

They are as relative today – as when they were first drawn


Draw the right ones – they’re money

Draw the ones you want – they’re useless


RN
 
Quote from TIKITRADER:

Ask 5 artists to paint with the same tool, a brush. Each will be a different approach but the tool was valuable.
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Yea but drawing lines and drawing pictures are way different.. Drawning trend lines should be the same as connecting the dots..
 
Quote from focusonmoney:

Are trend lines overrated? I'm not saying they don't work, but if you asked 5 traders to draw a trend line all of them will draw them different.. And usually the perfect trend lines are drawn after the trend is made.. I'm just saying..
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even better: volume trend lines ... :)
 
Quote from deadbroke:

Moron! First volume, now trendlines. What's next?

Why did God invent yeast infection?
So women know what it feels like to live with an annoying cunt
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LMHO!
 
No rule is concrete in trading, but if used as a guide, there usefullness in identifying the path of least resistance is under rated. I'm talking about medium term time frame here. I used them to ride the market down in 08, up in 09, and I'm using them to ride the market down now. They've kept me long only two stocks, 1 coal and 1 bank(aus stocks).
 
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