How one trader may make a play 'working' a trendline: The thick red downtrend line on the attached chart is a good resistance area for a...
Wow, wasn't expecting THAT much of a thrust, but hey, what the heck.
Dow bulding some energy here for a thrust. (intraday type of timeframe) Don't know which direction the thrust will be.
See attached chart.
This happens very frequently: A strong up or down trend, once the trendline is broken, price retests the line (green circle in attached...
The attached chart shows a pretty significant support trendline. The support area / trendline has been respected several times and even halted...
Thanks for your thoughts. "the best way to make money in the market" suggests that there is one. Remember, as you have already eluded to, each...
Here's what I'm going to watch today. The angled lines are drawn from 2 major swing points. The more respect of a line (touches) the better....
1. It is definitely useful to explain how one draws their trendline. There is some good info in this thread on the 'how'. It probably has to be...
Kind of getting into semantics here I think. "Do Trendlines Work?" : 'Work' probably has different definitions per each reader. There are...
Sticking with the theme "do trendlines "work" " here's taking profits with trendline (attached chart)
Looks good. Might be a little easier to read the trendlines without the Fib lines on there too. Thanks for posting.
...........whatever, I'm long http://www.elitetrader.com/vb/attachment.php?s=&postid=1529352...
All time high breakout is underway, where to take profit is the question. See attached chart. Is the blue line the measurement for how far this...
.......and here's a longer timeframe (90m) with important trendlines which may not come into play for a couple trading sessions (again, never say...
WELL, forget that previous chart ! Dow gapped over all the lines. (it was a short timeframe) However, don't think I'll be shorting today...
FWIW ~ over top red line I'lll consider long ~ under lower red line I'll consider short green lines are initial support/resistance
This link showed a real time example of using a trendline for entry. The trade was triggered late in the day and, guess what, another trendline...
Thanks. It's interesting. I've never really followed trend lines using close data.
You should get used to ES over time. Get to know it. There will be times that volatility will be high and times that you should notice that it is...
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