Cornix, have to say I see some of those tl's as a point of confusion. The ones where you connect a swing high and with a second swing high that...
And stuff like this.... I try to keep an open mind but have to call a spade a spade on this one. This is hindsight art, not real trading. On a...
What I always tried to do was avoid confusion. I would look for the largest, most structural channel or tl in the chart and focus on that....
Well yeah, I had noticed you didn't use tl's for many trades in eur/usd from way back last year and that now you are using trendlines even less....
or this... :p I was never able to make enough from the winners to cover all the losers. Though they did seem to go through "cycles"... where...
or this.... :)
I never found the euro very reliable for trendlines. It seems that for every one that looks like that, there are 3-4 more than look like this...
Just for fun, here's what I had drawn yesterday morning before the open, and how it panned out.
Yeah, daytrading has it's advantages. If you're good at it, you can use a lot of leverage, much more than you could for swing trading. Maybe...
Agree of course. Some weeks ago I mentioned my daytrading sabbatical to another trader, and he said "if you're profitable swing trading, simply...
Another question for channellers: Do you make a distinction between trades involving the trendline and trades involving the parallel, or do you...
At what point do you discard a channel and redraw? I know there's no right or wrong answer but am interested in a discussion on this. For...
I remember this thread and how promising these methods seemed to me at first. So, has anyone used any of these methods to day trade successfully?...
I never had consistent success doing stuff like that intraday. But channels did work better than anything else I tried. When I think about it...
I tried all that stuff and was never able to be profitable as a day trader. The best results I had were when I was using channels and trendlines,...
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