You draw trendlines through the middle of the price action?
MagnusTradingGroup
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are you suggesting that trendlines become irrelevant when they get broken once?
MoonTrader
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Yes. For one, that wasn't even a trendline before it crossed through the price action. It was above the candles before. What makes you think lines drawn over the tops of candles can act as support later?
MoonTrader
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Why not use a trendline that's been under the price the whole time?
MagnusTradingGroup
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expirience. Isn't it obvious that price is reacting to these trendlines (or call it what you want) rightnow. you are probably thinking about classic trendlines that are drawn from low to low or high to high only. what I'm doing is obviously a bit different which doesn't make it wrong as there is no right or wrong. if it makes you money it's right.
K155MY4R53
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It's do or die now.
MagnusTradingGroup
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no bro, we broke all the trendlines already ... I sold and my target is 300 - 280 :)