Trendlines

Hi

Can anybody tell me about Trend line?

How to draw ? Any measure rule?

try to read thread teach a man to fish ...... by saint
in technical analysis forum it is the simplest and best


Regards

Satya

Trend lines are the most common form of technical analysis used today.

If drawn correctly, they can be as accurate as any other method...

An uptrend line is drawn along the bottom of easily identifiable support areas. In a downtrend, the trend line is drawn along the top of easily identifiable resistance areas.

I have attached a chart with an example.

For more details on T.A refer to thread teach a man to fish.... as said by satya pinku.

Regards,
Luckytrader.

hey lucky trader do u have any material on pullback trading

i was reading dave landrys book on swing trading . if u have any plz share


Regards

Satya

Yes, that thread explains it in simple terms and better. After that search in Internet, like investopedia.com, stockcharts.com. You can find lots of materials on it.

Praveen.

yes praveen , u remember the fingers of right hand resembles to pivots of a trend . now when ever i adjust vollume in tv i.e i tend to increase volume on important programs then i just think how vollume is required in case a valid breakout . ha ha ha dnt know what happened to me

Regards

Satya

Hi

Why dont you try to search the term Pullback trading through Google. There you will get lots of material.

There are lots of articles on different topics on website; you must get time to read those.

I have sent PM to you..

Hope you get your answer

Best of Luck

Regards,
Luckytrader