The use of trendlines as an actual trading entry tool is pretty well-established in the charting community. Like when a downtrend line is broken to the upside – it’s a “bullish breakout”. I do not at all share that trading “signal”. However there are two trendlines which I use all of the time, and taken together they are the single most powerful trading weapon. I’ll discuss that weapon in a future video.
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Trader Scott has been involved with markets for over twenty years. Initially he was an individual floor trader and member of the Midwest Stock Exchange, which then led to a much better opportunity at the Chicago Board Options Exchange. By his early 30’s, he had become very successful in markets, but a health situation caused him to back away from the grind of being a full time floor trader. During this time away from markets, Scott was completely focused on educating himself about true overall health and natural healing which remains a passion to this day. Scott returned to markets over fifteen years ago where he continues as an independent trader.
Thanks for the lesson, dog☺
Most people do the same thing in markets, and not much of it “works”. But it’s easy.
I see trendlines intersecting support/resistance lines to form a timeline… coincidental?
Great thing about markets, if it really works for you, over and over, just keep doing it. But using any of these “standard” tools in “standard” ways will get us nowhere. Everyone’s doing it, because it’s super simple to “learn”, and of course it doesn’t work. but everyone does it, so they all assume it works.
Well, I’m not even smart enough to understand how everyone is trading moving averages.
The trend is your friend until it’s time to get sheared?
Nailed USLV this morning on a pre-order, nice when your lines line up with the markets lines:)
Good job.