Strength Of Trendlines

[braveheart2009]

Hi,

 

Can a pro who has been using trendline’s tell me of their experience when usually they are broken or when best to buy or sell of a bounce or when they break? After trading for 1 year I find it breaks usually on the 4th or 5th bounce more on the 5th bounce break and the odd occasion 3rd while the 2nd bounce is the strongest.

 

Thanks.

[Kristianto]

2nd bounce is always the strongest. 3rd 4th and even 5th are usually getting weaker and very prone to breaking. hence if i miss the 3rd i will never rely on the 4th or thereafter anymore because there is no more strength in the resstence.

[monstar]

Hi Braveheart try the true trend indy here

 

http://indo-investasi.com/showthread.php/15987-TrUe-Trendline-Indicat0r?highlight=true

 

I've been trading the chop on holidays testing it and its very good.

Just draw trendlines on both price and indy.

Trust the indy.

 

ps Its a copy of the Alan Hulls ASI indy