I use trendlines all the time, with other things like support and resistance of course. With good money management it works.
To whom it may concern: Kindly reinstate John's post. We don't want to lose him for a second time! Be Good John, nononsense
If I remember correctly, the post in question was superficially technical in nature, and composed in faux-literate tyle, but was in fact merely a flimsy excuse to spew disrespectful and drunken obscenities into this pristine environment and to belittle the lofty intelligence of another ET poster. Good riddance!
I always know where I operate. 81 bars comprise the day's terrain for me. Usually I trek only a portion of the trails available. There are always more trails than I can do it seems. Where I operate is merely a part of a larger design of things. There are smaller parts too, of course. The designer must have used the same blueprint. There is a consistency through all the parts. Knowing how the parts fit makes everything slow motion. It also makes superfluous all forms of predicting. Few things in life are easier. Let's get down to the nitty-gritty. Monitoring is done in the NOW, as Jack says over and over. For today and tomorrow, the trails are closed to me, so let's just consider the fractal in the chart you posted. I like to look at the cash equivalents; it is a weekend thing for me. Yesterday I looked and I had to go back to the last day of last year to get the answer I wanted. The question is obvious, but neither the question nor the answer is critical. It was a curiosity that followed from knowing the current state of the market, which is something you don't yet grasp because you keep talking direction. Think of Jack's three questions that are important. 1) Where is the market now? 2) How fast is it moving? 3) What's coming up next? I'll give the answer to one of the questions with regard to the fractal on your chart: VDU. What is the possibility that follows? If you are still thinking direction you need to give yourself a kick in the ass.
In fact, it's not the only thing incongruent to be found in this thread. Although John dips his literary brush a bit deeper in the paint pot than most, none can match his tireless contribution to ET in embellishing the witty stuff generously dispensed for the benefit of the more serious among them credulous gold seekers. John, may your star(s) soon be spotted anew in the ET skies. nononsense
Finished Edhin and Shah today, the rest are on their way. Tried to come up with a list of things that exist for me, I've redone it many times as an initial attempt, I'm sure I'll change it many more times as we go. This would a good place for all our 30 pagers.:eek: