Call me sceptical. With trendlines, rear view mirror is always
easier. I could have drawn both the up and downtrend RSI lines
differently getting me in and out at different places.
trendlines always carry some subjectiveness. That said, drawing
trendlines on the 14 RSI - when you can get a good trendline
connecting multiple points, I found it a very good signal.
The trick is to know when a trendline makes sense or not -
which comes over time after seeing enough charts,, only gain from
experience
that's just technical analysis man - yes all TA is analyzing
past data, is what it is. Or you can just give up TA - I really
don't see the point in your post there. This is obviously a TA and
systems focused website. Folks draw trendlines and patterns here
and analyze past data - that's TA.
RSI broke down on Matt's
Posted by timebandit on 17th of Jul 2023 at 03:53 pm
RSI broke down on Matt's 10 minute SPX chart from this morning (I added an uptrend line)
Call me sceptical. With trendlines,
Posted by vimal on 17th of Jul 2023 at 04:11 pm
Call me sceptical. With trendlines, rear view mirror is always easier. I could have drawn both the up and downtrend RSI lines differently getting me in and out at different places.
trendlines always carry some subjectiveness.
Posted by matt on 17th of Jul 2023 at 04:16 pm
trendlines always carry some subjectiveness. That said, drawing trendlines on the 14 RSI - when you can get a good trendline connecting multiple points, I found it a very good signal. The trick is to know when a trendline makes sense or not - which comes over time after seeing enough charts,, only gain from experience
that's just technical analysis man - yes all TA is analyzing past data, is what it is. Or you can just give up TA - I really don't see the point in your post there. This is obviously a TA and systems focused website. Folks draw trendlines and patterns here and analyze past data - that's TA.
Watch your blood pressure Matt.
Posted by vimal on 17th of Jul 2023 at 04:18 pm
Watch your blood pressure Matt. It's my opinion and if you don't agree then great for you
Ha, "watch your blood pressure"?
Posted by focus175 on 17th of Jul 2023 at 04:23 pm
Ha, "watch your blood pressure"? Chill vimal, you don't have to be an A.
LOL pretty soon I'll be
Posted by steveo on 17th of Jul 2023 at 04:30 pm
LOL pretty soon I'll be such an expert I'll start training Matt and Steve in their own methods, NOT. Sheesh I am just happy I am making money overall.