Yo, trendline guys
- Thread starter IronFist
- Start date
thats all
I have enough charts to print and study on the crapper
Trendlines / Support-Resistance Lines that I'll be watching on Dow/YM
(attached chart)
(attached chart)
real time posting
these two lines qualify in my book for usefule intraday information
Again, how to play them is up to the trader.
I personally will consider long above horizontal upper line of Resistance
and the current intraday uptrend line may play as a short for me if I see price go to the line again, contract and then break through
these two lines qualify in my book for usefule intraday information
Again, how to play them is up to the trader.
I personally will consider long above horizontal upper line of Resistance
and the current intraday uptrend line may play as a short for me if I see price go to the line again, contract and then break through
What about trend arcs? (just kidding)
I do think that much of the time when ones draws/sees
a non-horizontal trendline one could have just used a
horizontal one, for an indication of support/resistance.
I suppose this is obvious.
Making money is what's important anyway, regardless
of an individual's technical skills.
-Stephen
I do think that much of the time when ones draws/sees
a non-horizontal trendline one could have just used a
horizontal one, for an indication of support/resistance.
I suppose this is obvious.
Making money is what's important anyway, regardless
of an individual's technical skills.
-Stephen
This would be an example of where a horizontal
trendline would work quite well. However I must
admit that the angled trendline is more accurate
in this case.
http://img160.imageshack.us/my.php?image=esu07kp3.png
Since I'm here I have a question. Does anyone know the
term for when a trendline (let's say horizontal support)
is not quite hit OR is broken just slightly. (Then the instrument
moves up once again.) I call is 'slop', but I'm only making
that up.
If one knows what is typical for the contract (etc.) one
is looking at, itwould allow the trader to create trendlines
of the proper thickness. 1 point, 2 points?? whatever.
-Stephen
trendline would work quite well. However I must
admit that the angled trendline is more accurate
in this case.
http://img160.imageshack.us/my.php?image=esu07kp3.png
Since I'm here I have a question. Does anyone know the
term for when a trendline (let's say horizontal support)
is not quite hit OR is broken just slightly. (Then the instrument
moves up once again.) I call is 'slop', but I'm only making
that up.
If one knows what is typical for the contract (etc.) one
is looking at, itwould allow the trader to create trendlines
of the proper thickness. 1 point, 2 points?? whatever.
-Stephen