dentist007
Registered: Apr 2004
Posts: 929 |
03-17-12 10:19 AM
the last posting is a duplicate
chartupload.com...i have no links to oscar,just that his upload facility is great
now,back to p/f
it is all about trendlines and the placement of trendlines...signals like double-top etc are looked for after you put on the lines
you are quantifying the trend in numeric terms against bar/candlestick trendline is constant change per unit of time
so,if you look to see if the chart looks right...well i cannot really determine if the chart looks right until i have put some trendlines on
1.one box reversal using 45degree or subjective/connecting the right hand side of semi catapults
2.2 and 3 box reversal both subjective and mainly 45 degree trendlines
then you can move around box size and reversal to get the right feel
so,what all the textbooks bar duplessis teach is that signals are the most important,whereas the placement of trendlines is the first point of call
the trendlines are also acting as areas of supp/res.it is where the trend is tested and in most cases correspond to market retracements.
so that is why you see the trendlines on as the only guide on the charts i post
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