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| Discuss Trendline Change at the Technical Analysis within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Today`s Close : ----------------------- Tanla: 581.00 Rei Agro: 472.00 Both of them almost 10% up. ... |
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| Technical Analysis Discussion of all the principles involved in technical analysis. |
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#22
19th September 2007, 06:06 PM
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Re: Trendline Change
Excellent thread! keep it up!!
I consider the trendline analysis as THE MOST IMPORTANT TOOL for a technical trader because technical analysis is built on the assumption that prices trend. To be a successful trader, you have to use a method that gives you a statistical edge. This edge comes from the tendency of prices to trend. In the long term you can make money only by trading in synch with these trends. Thus, when prices are trending up, you should only buy. When prices are trending down, you should only sell. So using trendline analysis one can easily identify the trend! The trend can either be up, down or sideways as illustrated by the many examples in this thread. When you trade in the direction of a trend, you are truly following the markets rather than predicting them. Keep in mind that most unsuccessful traders spend their entire careers looking for better ways to predict the markets. You can brush up on your trendline analysis with this short tutorial at http://stockcharts.com/school/doku.p...is:trend_lines Keep posting your charts with your analysis. Interacting and discussing your views on trendline analysis is one great way to learn! 
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#23
19th September 2007, 07:53 PM
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Re: Trendline Change
Quote:
And also thanks for sharing the link. Regards, Luckytrader.
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#24
19th September 2007, 08:04 PM
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Re: Trendline Change
Quote:
Choice is yours. Happy Trading. 
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#25
23rd September 2007, 04:23 PM
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Re: Trendline Change
Catch this one.....
Last edited by Luckytrader; 17th January 2008 at 08:13 PM.
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#26
23rd September 2007, 04:41 PM
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Re: Trendline Change
Quote:
it has resistance at 147.23 (R3) & support @ 138(s3) for 22nd trade closing. So even i want to try ;-) lets c the open price on monday Happy trading :-) @ Tradeji - Excellent link for a trend / chart reader -thanks a lot -koolfriend4u
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#27
7th October 2007, 09:11 PM
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Re: Trendline Change
Your analysis is quite logical. Only after a break of resistance, preferably other stocks of similar sector do the same, we look for entry at a pull back. However, instead of using the trendline we ought to use a fib retracement for entry. Since, it is more predictive and allows good risk management.
If this be applied to hourly or daily charts it works wonders. Gr8 job luckytrader. Thats what a forum needs, a simple and a successful analysis like yours. Amit. Quote:
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#28
9th October 2007, 11:03 PM
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Re: Trendline Change
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Thanks man. Simply u ROCK here....
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#29
10th October 2007, 09:30 AM
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Re: Trendline Change
Dear Lucky
I have been trying to learn Technical analysis and I found your analysis on trendlines very helpful indeed. Thanks and keep up the good work Sandeep
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