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I attempted to do this drawing of trend lines myself and wanted to get some feedback. Does this look correct? For MAs, I just used 13 for the fast number since it's a Fibinacci number and multiplied it by 2 to get the higher number. No clue if thats ok or not.
At any rate, if someone could look at this and tell me if I'm on the right track, I sure would appreciate it.
Can you help answer these questions from other members on NexusFi?
Yes...it was to make clear how trendline shift. 1 and 2 are two instances of trendline corresponding to two highs 1 and 2. In reality it will be only one shifting as new high/low continue to form.
Ok, so what are the entries and exits? Would it be safe to say that a close of a bar outside of the current trend line would trigger an event? Is that the basics for trading this? If so, are there others as well?
Also, do you take in consideration other time frames at the same time? Or do you do trade one time frame at a time? I'm trying to look at 2-3 time frames to line up my existing trades and it is indeed difficult. One time frame would work a lot easier...
Since my trades last 3-6 trading days at the most, I was thinking maybe a 2h hour chart to do this one. I'm looking at a 1h chart now but that might be too small for trades that need to last 3-6 days. Any opinions on that?
thanks plethora!
Creeker tells me to post what my thoughts are on here sorta like a journal. I do have some notes too. This is kind of fun/boring at times so not sure i like it. Writing on here helps!
:when you cheat -you only cheat yourself
refer to post # 470 & 527 & 930
option traders refer to post 996 thru 1005
I literally didn't knew what creek(boy) meant.... so i had actually google it. I was surprise how my jump entries across two MA were actually jumping the two opposite banks of small creek.
Just imagine if you have to cross such a creek in jungle by your two legs....how best you can do that - just by a single jump - just cross the creek by single bar.
Sounds like I need to sort of make my own entries and exits from here. I'll try a few things and see if I can get it to work out. I'll post a trade when I get my first one done.