I think using Trendlines in conjunction with other indicators
are good to use. Infact it might be worth checking historical
newsletters because Matt does something similar with GDX on a 60min
chart from memory. I can't recall which exact chart
The difficulty I have is knowing which points to use on the
trendline. I know in hindsight it looks simple but in the heat of
the battle, which points do you use to join on the trendline? I
know its the key peaks or troughs but what in reality you only know
the key peaks and troughs after the event
So I guess yes trendlines are great.....in conjunction with
other indicators is my opinion
I agree about the enormous value and clarity of trendlines in
retrospect. But, in real time, it is often very difficult to
decide on what counts as a point in a trendline. Much better,
in my opinion, is looking for higher highs and lows or the inverse.
That technique has its messes too, but at least there is
something objective about higher highs etc.
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I think using Trendlines in
Technical Analysis - RSI
Posted by vimal on 19th of Aug 2010 at 08:45 am
I think using Trendlines in conjunction with other indicators are good to use. Infact it might be worth checking historical newsletters because Matt does something similar with GDX on a 60min chart from memory. I can't recall which exact chart
The difficulty I have is knowing which points to use on the trendline. I know in hindsight it looks simple but in the heat of the battle, which points do you use to join on the trendline? I know its the key peaks or troughs but what in reality you only know the key peaks and troughs after the event
So I guess yes trendlines are great.....in conjunction with other indicators is my opinion
I agree about the enormous
Posted by algyros on 19th of Aug 2010 at 09:28 am
I agree about the enormous value and clarity of trendlines in retrospect. But, in real time, it is often very difficult to decide on what counts as a point in a trendline. Much better, in my opinion, is looking for higher highs and lows or the inverse. That technique has its messes too, but at least there is something objective about higher highs etc.