GEMD

I think I'm with you Remo and I can see the earlier break. As LTV said more touches the better for the trendline (2 touches is not a line at all). From that point of view my trendline from March didn't look strong.

Shotry wrote: Thanks Remo and LTV for the discussion.

Obviously not good that I have errors on my chart (as I said earlier this should be objective data so my supplier IT finance perhaps not so good). However, very interesting that you consider both trendlines as being reasonable. That implies a decent level of subjectivity in this case (perhaps a warning to be careful on this trade) and also highlights the importance of money management (stops/limits etc) to me.

Thanks again

Supplier IT finance charts....They are known to have errors on. I think they supply IG charts as well.

shotry.
The trend line that you have drawn is not actually the real trend line to focus on.
The real trend line did break earlier but since have gone sideways. When this happens ,then you may have to look for a new trend line to play of, hence why your trend line may become valid at a latter date. Hope that makes sense .

Remo

Many thanks for clearing this up.

“Longtermview. your trend lines are like how i do mine. Taking the extremes.” It’s because you taught me

I will try to include more of the chart.

Thanks Remo and LTV for the discussion.

Obviously not good that I have errors on my chart (as I said earlier this should be objective data so my supplier IT finance perhaps not so good). However, very interesting that you consider both trendlines as being reasonable. That implies a decent level of subjectivity in this case (perhaps a warning to be careful on this trade) and also highlights the importance of money management (stops/limits etc) to me.

Thanks again

Hi shotry and Longterm view

Shotry...Your charts seem to have some serious errors on it.which can distort your trend lines.
Your trend line looks right

Longtermview. your trend lines are like how i do mine. Taking the extremes.

So bottom line is , I think your both right as it seems you have 2 different areas where your taking the trend lines from.
I think shotry is taking it from the highest point which is not showing in his chart and longterm is taking it from july. So the levels are pretty close together. So if this can finish above 168 then bullish.
So you need to show more of the chart from back in history






DYOR