Am interested in the reasoning behind trendlines do the job? For example, why is it SOMETIMES, prices will still honor a trendline drawn and lengthy several days before?
Due
Am interested in the reasoning behind trendlines do the job? For example, why is it SOMETIMES, prices will still honor a trendline drawn and lengthy several days before?
Due
Trading is basiclly a supply and demand interaction. Assuming you decide on the trendlines correctly, and lots of other traders also have there in heart as apossible turning piont, such as S/R, (even lighter), in that point they place thier stops, price has a way of reacting at that point. . .imoOriginally Posted by ;
Did you really get a losing trade? This forum is for helping rookies, not with a laugh.Originally Posted by ;
Primarily, you need to help yourself, asking here will help you, try to concentrate what happens next rather than asking why...?
There are lots of threads began and only couple are worth of studying, try to find them....
Calmness newcomer boy
A trend line is a straight line that connects two or more price points and extends into the future to act as a line of support or resistance ( supply need )
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http://forexinterval.blogspot.com/20...e-trading.html
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My (non) expert view is that they, together with matters like Fibs, S/R, etc all respond because of plogy. The more individuals using X, the more price will respond in 1 manner or another. If nobody employed trendlines, they had for all intents and purposes not exist. The same goes to a lesser extent - if the trendline isn't right or not exceptionally observable, then less people are going to use it and thus, reaction is diminished.
It's basically a self-fulfilling prophecy - to a degree. Of course, there are exceptions. Like what if there was a clear-as-day trendline (that are generally weak anyway) that would say to buy, but fundamentally what's screaming sell. It's probable that the trendline will not be upheld...
Make a bit more feel I expect?
If you never ask, you'll never understand. For a beginner, observing what occurs can just tell you a lot better. The guie of knowledgable traders here inforexforum.co.zacan definitely speed up the learning curve.Originally Posted by ;
Moreover, it's just bad form to make fun of a post that has been actually trying to comprehend a subject better. This is after all the rookie forum. If you have nothing constructive to say then why not STFU.
Thanks as it pertains to people who did provide there opinions. Appreciated.
Trend lines are much the same as every additional indior in trading. They are simply a guide as to what price has done and a sign of a point in time at which you may find some type of reaction.
The vital point to keep in mind here is that all these points of interest are only'potential' and ought to be considered as fluid. If you would like to find the best from diagonal TLs it is ideal to do some serious research to what constitutes a valid line. If you take a look around this site you'll see all sorts of crappy lines that are no good to man nor beast.
As a rule I'd say that your key lines are put on no chart reduced than Daily and there must be a minimum of 2 bits in front of a line becomes valid. The longer the better. You'll find that you want to draw a line and can't decide which points to add so that you may want to use the line chart. This shows each Daily close plotted as a continuous line. It is much simpler to connect points using this technique.
Horizontal S/R are better in my opinion, but that's my opinion, others will differ.
See attached images as this tells an entire story for you and should put you on the right path.
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