Do Trendlines work?

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

  1. Suffice it to say, Jack is by far, the master of metaphor, synonymity and discourse.
     
    #901     Jun 25, 2005
  2. duard

    duard

    Jack nice to see you back and thanks for the posts.

    D.
     
    #902     Jun 26, 2005
  3. Moz

    Moz

    Could this be considered leaving the top of R, and also a change in operating point?
     
    #903     Jun 27, 2005
  4. I don't know, but I see those three little Indians up there.
     
    #904     Jun 27, 2005
  5. duard

    duard

    Perhaps
     
    #905     Jun 27, 2005
  6. The attached is unfortunately scant given xyzABC definitions. However, I have at least the following 4 weeks of unimpeded free time to make the most out of this effort. Grob109, please feel free to continue at any time, I check ET probably every other hour even tho it appears I haven't been around. I am remaining "focused", my fifth strength, and I'm sure I and a few others, take these type of efforts very seriously. I haven't traded for 5 weeks but presume that that is beneficial. In any event, I have reread segments of "knowing how to know" several times and see that you have provided "information" for constructing a process. Whether it is additional "information" that is needed or "knowledge" still remains a personal mental mystery that I have been pondering as of late... I recognize that this may be a background effort for you and thus will require additional patience.

    Nonetheless, thanks and kindest regards....
     
    #906     Jun 27, 2005
  7. Jack

    In an earlier post on this thread you said:

    [Then as money is made by trading the long diagonal of the parallelogram, at the end of the long diagonal the next trend begins. You have all the points required to draw the next trend channel by the time the price leaves the prior channel.]

    Im still having problems with this simple thing so you can see how far behind I am. I see where you have point one at the end of the long diagonal but how do you have the other two points before the price leaves the channel? Could you please post an illustration. I usually cannot find 2 and 3 until after price has left the channel.
     
    #907     Jun 29, 2005
  8. duard

    duard

    Lower highs?
     
    #908     Jun 29, 2005
  9. duard

    duard

    Or?
     
    #909     Jun 29, 2005
  10. Thanks duard. I know how to do those. The ones I am talking about are when after the last high it drops out of the channel without any bounce inside the channel. These happen quite often.
     
    #910     Jun 29, 2005