Do Trendlines work?

Discussion in 'Technical Analysis' started by duard, Apr 3, 2005.

  1. Let's see if this T/L on YM 3m chart acts as a nice support or resistance at some point today.
     
    #381     May 10, 2005
  2. Thank you so much for upgrading the level of consideration. All of these Q's and those of other contributors is where we need to go to achieve the true potentials of ourselves.

    I also feel the insightful comments of David (DKM) on the pragmatic considerations of how to size up things when you have a comprehensive view and can "see" "noise", etc in the market. I feel it is possible to build competence in handling more and more opportunities as depth is achieved. A lto of this fits into recognizing that a lot of the drawdown views are substitutes for timely actions to make money. what I continualy suggest is how to improve via a process of stopping losing money, going to ashes and then using former loss situations as money makers instead. Walking through this sequence is difficult because there has to be a concern on the table at all times of not diminishing the performance orientation previously achieved with regard to the big pieces of the puzzle. The continuing sweeping based upon relative importance of the factors is where the answer is found.

    How ET has the potential to support a vast variety of profitable traders is illustrated by this group of pages. There also appears a subset of distractions that , in effect, show how personal past history shapes a person's approach to relating to others.

    I am very willing to continue to seek the higher ground (insert the latin here..lol) that has come to the fore. Detractors can say as they wish; This contrast will only serve to show the depth and value of the suggestions now being made.

    I believe that the CPM for getting to expert is to synthesize foundational blocks that individually constructed by reasoning though very basic market variable relationships. Markets are huge compared to the profits individuals require for living the better life styles. Money abounds and it is ever present. there is nothing abstract about realizing the potential of extracting it.

    lets work on being helpful.
     
    #382     May 10, 2005
  3. EXCELLENT!

    How can those who are willing to assist, assist without being counterproductive? :cool:
     
    #383     May 10, 2005
  4. I thrice this notion !
     
    #384     May 10, 2005
  5. real time update to trendline drawn a couple posts above.

    YM , 3m
     
    #385     May 10, 2005
  6. dkm

    dkm

    It would seem that horizontal S/R is playing a greater role than the channel. Just an observation.
     
    #386     May 10, 2005
  7. Yes, dkm that is very notable too.

    I does keep poking a little lower each time
    though.
     
    #387     May 10, 2005
  8. dkm

    dkm

    Start of new R2L?
     
    #388     May 10, 2005
  9. dkm

    dkm

    maybe not. volume drying up
    edit: drying up? lol
     
    #389     May 10, 2005

  10. see chart
     
    #390     May 10, 2005