Hi Dentist, Can you (or anyone) explain how trendlines are determined? The most I can get is, "they're drawn at 45 degree angles." What determines where/when they are charted? when do they begin or end? Thanks in advance.
hi yuvraj price was in a downtrend recoiled and could not take out resistance victor subjective trendlines 1.one box reversal...start at the bottom of the trend keep to the right side of semicatapults or connect reaction points that is it trendlines are the life and blood of p/f
goin to need some extra good news to aintain this intense uptrend on the dow dow futures 5 min data http://i48.tinypic.com/4zxhcw.gi support /aqua lines currently sitting in 13575-1 [IMG]http://i48.tinypic.com/4zxhcw.gif3600 areaf[/IMG]
Thanks dentist007 now can you please tell what would make a high probability entry point in the below chart, point A which is a simple bullish breakout or point B which has cleared all resistances?
go down a box size or time input just look at the latest trend put on thge trendlines to pick up support..there ...you have youre entries for trend continuation thats it...no more to think about
non farm payrolls on friday eurusd 60 min data the trend that started on 13 november we can make an supp/res map from this chart trendline res/red at 3450 area supports: 3385-3398..breakout point..thick horizontal green line 3370 area/aqua trendline 3350 area .previous breakout point..thin green line/horizontal...it has a confluence with aqua line.so could be important also..there is 50% retrace of the high pole...sitting at 3410 area if it pushes higher ,then we have to adjust these figures lets see what next week brings