Hi guys,
I have opened this thread in order to locate experienced people who've researched on trend lines and rely on them because their analysis of the market. I have been in this market since 2006 and spent a lot on studying lots of tools, indiors etc.. I don't wish to talk about my background or I know about market or TAI wish to zero in on one very precious tool that most traders take it for granted and don't know well. I've searched a lot during these years everywhere from Currency Market websites to youtube for constructive and advanced understanding about trend lines and to be honest there is none. Are a few basic views on this valuable concept. In each video or some other post about trend lines, folks don't have any idea of that which a suitable trend line looks like or how to draw a trend line. The only thing that you find is that a trend line is drawn out of wherever you desire, by connecting 3 or 2 or more dots. Many people today link it to Fibonacci, others utilize a irrelevant or unnecessary indior to find some highs or lows etc..
Anyway, I know some untold insights into drawing and using trend lines in various situations but still I am searching for more. Brag about what I know or I am not going to play with guru or try to lure newbies to this thread. Just the contrary, I am searching for very experienced people who've researched a lot on trend lines and also have new things to say so that we can share our expertise and enhance. In all honesty, I have not held my breath and I have a glimmer of hope to locate these people here but still let's take the dark.
I already have a profitable egy using trend lines so if you think trend lines are just linking dots and unworthy please move on and find another place to share your knowledge, no offence.
If you think that your expertise fits the above criteria and you're willing to disclose it, please answer following questions either at the first of your post or through your explanation.
How do you draw a trend line and why?
What kinds of trend lines do you know and what's the usage of each of them?
Do you use multi interval for analysis or just analyze in 1 timeframe?
Do you think terminals such as MT4 have bugs or somehow defective for drawing trend lines? In that case, can it be overall or it occurs in occasions?
These are just a few general questions however I think they can open the discussion well but you can elaborate if you will.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------PS. I am not much of a ribbon reader today because I have a lot on my plate. If I couldn't reply immediately I wanted to create this thread but I couldn't locate any time for that and I am still very busy so please accept my apologies. Of course if the conversation becomes a valuable one Icome by several times every day and squeeze this in.