Does trendline work?

Discussion in 'Technical Analysis' started by GloriaBrown, Aug 17, 2019.

  1. drcruz

    drcruz

    I don't know if trend lines work, but I like using them.

    I am a fan of Edwards' and Magee's, TA of Stock Trends. In the book markets are described as being in a Primary Trend, Secondary Trend and Minor Trend. Since I am not confident in my predictive TA skills, I am trying to develop my reactionary TA skills and these subjective trendlines help me see "trends", "changes in the trend", "consolidations" and "reversals" in a reactive manner. I also like MAs

    Peter Brandt's trading plan uses TAST as its basis, but as been said here in this thread "position size" and "money management" is key. Especially if a trend following system may only be 30% to 40% correct.
     
    #141     Dec 1, 2019
    murray t turtle likes this.
  2. easymon1

    easymon1

    nq 2019 1217 d preroll.png nq 2019 1217 d postroll unadjusted.png
     
    #142     Dec 17, 2019
  3. easymon1

    easymon1

    good question...
    youtu.be/RSL7tHfNjIw?t=263
     
    #143     Mar 20, 2020
  4. This dude is a youtuber not trader.
     
    #144     Mar 20, 2020
    murray t turtle likes this.
  5. %%
    Yes, trendlines work;
    but still plenty of other work involved...………………………………………………………………………………………….
     
    #145     Mar 20, 2020
    drcruz likes this.
  6. drcruz

    drcruz

    I don't believe drawing straight diagonal lines make money, only an identifiable edge can make money. Risk / money management will help you survive. Trendlines are just "my" aid in determining if a market is trending or consolidating, it helps me make a decision. If I'm wrong, so what, my money management gets me out for a small loss
     
    #146     Mar 20, 2020
    tommcginnis likes this.
  7. Good luck with your drawing by mood
     
    #147     Mar 20, 2020
  8. Sekiyo

    Sekiyo

    Trend lines are more about trend than lines.
    And most see the finger instead of the moon.

    And maybe that the best trend line,
    Is a broken trend line.

    Lmao
     
    #148     Mar 20, 2020
  9. drcruz

    drcruz

    Especially during this current market, I'm waiting for an upward broken trendline
     
    #149     Mar 20, 2020
    Sekiyo likes this.
  10. drcruz

    drcruz

    Yes, very subjective, no arguement
     
    #150     Mar 20, 2020