well
hi,,
on behalf of satyajit da,,,i have taken this oppurtunity to start this thread named jst drw sme lien, get set goooooooo
which actually means,,,,just draw some lines ,get set go,,,
this si teh most common tool ,in metastock/ amibroker/tradestation/ advance get/ etc,,
if one is ,,comp analysed with this tool i think we dont need anythiong called,,,pivots/ fib/ retracemnts/tgts/as extra tool,,,
TREND LINES itself is everything in its zone,,,after getting used to this oen can easily graph out trend lines in mind,,just by mere viewing the chart,,,(whcih i often do,,,when i feel lazy in drawing by taking pencil tool),,
TREND LINES,,, owrk in both intraday/ short term/ medium tem / long term,,,in all time frames,,
all we jsut need is 2points to join...and this is teh most imp,,,which 2 points are considered teh most weighted..IF ANYONE IS MISTAKEN,,,,TREND LIEN IS NOT JUST ART OF DRAWING LINES IN DRAWING SOFTWARE ,,, BUT ACTUALY ART OF DRAWING TAKING THE PRICE,,,AND NOTHING ELSE,,,
THE MOST IMP PART OF TREND LIEN IS AS PER ITS NAME IT ACTS AS BARRIER/SAY WARRIOR FOR BOTH SIDES,,,
nothing more i can comment on trend line,,,,unless we all see and trade charts according to this tool
i think this tool willreally help to traders who dont knwo much about technicals/ pivots/ supports / res/ fib...and take fear in doing or knowing them,,,,but at least to start with trend lien one should know what is aLINE!!!!
SORRY FOR MY MISTAKES,,and now this thread will continue
with blessings from all seniors...and traderji too
renu
hi,,
on behalf of satyajit da,,,i have taken this oppurtunity to start this thread named jst drw sme lien, get set goooooooo
which actually means,,,,just draw some lines ,get set go,,,
this si teh most common tool ,in metastock/ amibroker/tradestation/ advance get/ etc,,
if one is ,,comp analysed with this tool i think we dont need anythiong called,,,pivots/ fib/ retracemnts/tgts/as extra tool,,,
TREND LINES itself is everything in its zone,,,after getting used to this oen can easily graph out trend lines in mind,,just by mere viewing the chart,,,(whcih i often do,,,when i feel lazy in drawing by taking pencil tool),,
TREND LINES,,, owrk in both intraday/ short term/ medium tem / long term,,,in all time frames,,
all we jsut need is 2points to join...and this is teh most imp,,,which 2 points are considered teh most weighted..IF ANYONE IS MISTAKEN,,,,TREND LIEN IS NOT JUST ART OF DRAWING LINES IN DRAWING SOFTWARE ,,, BUT ACTUALY ART OF DRAWING TAKING THE PRICE,,,AND NOTHING ELSE,,,
THE MOST IMP PART OF TREND LIEN IS AS PER ITS NAME IT ACTS AS BARRIER/SAY WARRIOR FOR BOTH SIDES,,,
nothing more i can comment on trend line,,,,unless we all see and trade charts according to this tool
i think this tool willreally help to traders who dont knwo much about technicals/ pivots/ supports / res/ fib...and take fear in doing or knowing them,,,,but at least to start with trend lien one should know what is aLINE!!!!
SORRY FOR MY MISTAKES,,and now this thread will continue
with blessings from all seniors...and traderji too
renu
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