%% WELL no wonder your trend lines may work, your trend lines are not straight!!I sometimes draw some trend lines , but almost NEVER use a straight ruler. LOL...................................................................................................................
Trendlines are for wusses. Be a man. Trade by the seat of your pants. Better yet, make them trendlines curvilinear--more looney they look, the better.
Partial Quote %% I've been known to record a 200 day moving average; but that is NOT a prediction. LOL,
You don't actually even need to draw a trend line. You can instead try to determine the following. 1) Is price in a trend. a) Is the trend up or down. 2) If Trend is up, is there a place to go long a) Did price already move and should I wait for another day or hour. b) Do I want to use a limit order to get in lower or a buy stop to get in higher. 3) Where should my stop and target be. a) Stop for example could be under support and target could be under resistance. b) Both could be time based, say leave trade alone for 1 day, 1 night, 1 week, 1 hour. c) Stop could come up slowly with no target. In the below ES chart, overall we have been in an uptrend on the higher time frame charts not shown in this chart, but most of you know stock market has been bullish lately. In this example, we can see support lower so that I did not want to go long at market price because we could easily then fall to lower support. So I had 2 orders. If price falls to a certain limit, I want to go long. If price instead goes up above minor resistance, I want to go long.
this does not make sense, firstly, in order to relate everything that you said, you first need to visualize the price movement using the wave or pater theory of the market. If you analyze only a fragment, then it can be, for example, Wulf, etc.