Does trendline work?

Discussion in 'Technical Analysis' started by GloriaBrown, Aug 17, 2019.

  1. easymon1

    easymon1

    mnq
     
    #241     Jan 12, 2021
  2. easymon1

    easymon1

    mnq
     
    #242     Jan 12, 2021
  3. No idea how your 2-5 graphs help you to trade
     
    #243     Jan 14, 2021

  4. Watch the video and it can help your bank account
     
    #244     Jan 14, 2021
  5. easymon1

    easymon1

    nq big bars retest 986.png
     
    #245     Jan 22, 2021
  6. easymon1

    easymon1

  7. deaddog

    deaddog

    Can you find any that fail??
     
    #247     Feb 8, 2021
  8. easymon1

    easymon1

    Double Bottom 9979 .png
     
    #248     Feb 8, 2021
    comagnum likes this.
  9. comagnum

    comagnum

    NQ today - a big symmetrical triangle, on the breakout of the upper border it hit the estimated move @ 13688.75 fast & furiously.


    upload_2021-2-8_16-34-35.png
     
    Last edited: Feb 8, 2021
    #249     Feb 8, 2021
    easymon1 likes this.
  10. wrbtrader

    wrbtrader

    Can not prove that trendlines work or does not work because everybody will use it differently.

    One of the common differences in use is when I see on posted charts...a trendline being drawn across different designation points from trader to trader or even used differently by the same trader from one trading day to the next trading day.

    Simply, you can not backtest the trendline use. You can not do any quantitative statistical analysis on trendline use. The only thing you can do is analyze the trade performance results of the trader using trendlines.

    I remember awhile back someone posted a simple chart and then asked people where they would place their trendlines to help trade tomorrow's trading session...there were +10 replies by different traders and each had placed different trendlines (different locations) for the same chart.

    That's my point

    wrbtrader
     
    #250     Feb 16, 2021