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  • #55,141
  • Dec 18, 2020 3:21pm Dec 18, 2020 3:21pm
yes, trendlines are shit, how can anyone make money with trendlines, yes, I know it is 600 pips this last move up here M15 chart, but anyways, trendlines are just garbage

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  • #55,142
  • Dec 18, 2020 3:27pm Dec 18, 2020 3:27pm
I am just happy, that I did not know that trendlines are shit, when I traded them for years. and actually M1 chart, trendlines and Fibo exp. Not so much to think about when was trading like that, just trading with trend and Fibo for targets.

Mcbeaners, you must be some kind of professor of forex, you seem to know so much.
  • #55,143
  • Dec 18, 2020 3:45pm Dec 18, 2020 3:45pm
lol - i must be. they are shit and your chart doesn't highlight why they are good. trading off the 1m? really. gosh good luck with that.

and to clarify - i said under 4h they are shit. stand by it.
In tea leaves we trust!
  • #55,144
  • Dec 18, 2020 4:02pm Dec 18, 2020 4:02pm
thanks professor

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  • #55,145
  • Dec 18, 2020 4:06pm Dec 18, 2020 4:06pm
ha look at you. having a personal pop at me. thinking about it you must be the professor trading off the 1m chart. so much shithousery, i wouldn't touch it.

but please tell me how your trade off your chart you posted? take your time.
In tea leaves we trust!
  • #55,146
  • Dec 18, 2020 4:10pm Dec 18, 2020 4:10pm
have you ever heard term trend, when talking about forex, those lines shows what is current trend, if line is up, then it is a up trend, if line is down, it is a down trend

okay, have a nice whatever and so on
  • #55,147
  • Dec 18, 2020 4:15pm Dec 18, 2020 4:15pm
Quoting juhanimi
have you ever heard term trend, when talking about forex, those lines shows what is current trend, if line is up, then it is a up trend, if line is down, it is a down trend okay, have a nice whatever and so on
where to enter and exit? yeah nm.
In tea leaves we trust!
  • #55,148
  • Dec 18, 2020 4:27pm Dec 18, 2020 4:27pm
Quoting Mcbeaners
{quote} where to enter and exit? yeah nm.
targets from fibo exp. like i said before, and third bounce from trendline is for entry, maybe you have heard that third bounce, you must, because you know so much

anything else you want to know about trend lines, let me know, and i dont give a shit
  • #55,149
  • Dec 18, 2020 4:32pm Dec 18, 2020 4:32pm
Quoting juhanimi
{quote} targets from fibo exp. like i said before, and third bounce from trendline is for entry, maybe you have heard that third bounce, you must, because you know so much anything else you want to know about trend lines, let me know, and i dont give a shit
well, someone is upset.

if you had put fibs on the chart, i might have learned something. on it own the chart doesn't speak to me.

aka third knock.
In tea leaves we trust!
  • #55,150
  • Dec 18, 2020 4:34pm Dec 18, 2020 4:34pm
Happy New Year.


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  • #55,151
  • Dec 18, 2020 4:42pm Dec 18, 2020 4:42pm
2 timeframes, H4 and M1, a chart is a chart is a chart
no one knows which is H4 and which is M1





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  • #55,152
  • Dec 18, 2020 5:05pm Dec 18, 2020 5:05pm
Quoting juhanimi
Happy New Year. {image} {image}
ok let me guess to what i think you are doing for some of it. i would need more info for the rest probably. your red triangle thingie is a measure of the high and low of what you think is a top/bottom or better said reversal point. from that measure you are projecting price targets (or similar) and are looking for 3 knocks. the yellow lines appear to be uniform in distance not fibs.
In tea leaves we trust!
  • #55,153
  • Dec 18, 2020 5:07pm Dec 18, 2020 5:07pm
Quoting juhanimi
2 timeframes, H4 and M1, a chart is a chart is a chart no one knows which is H4 and which is M1 {image} {image}
not a concern for me. i use ma's and sometimes candles on what i think are reversal zones.
In tea leaves we trust!
  • #55,154
  • Dec 18, 2020 5:10pm Dec 18, 2020 5:10pm
MT4 has this tool, Fibonacci Expansion, that is all I have to say about trendlines and fibo.
  • #55,155
  • Dec 18, 2020 5:24pm Dec 18, 2020 5:24pm
lol - ok. no probs.

i'll assume i'm close to the money on my guess. seen something similar before though used differently. i use that version from time to time to project price.
In tea leaves we trust!
  • #55,156
  • Dec 18, 2020 5:30pm Dec 18, 2020 5:30pm
Quoting Mcbeaners
{quote} not a concern for me.
That was an answer for you, you said, that trendlines works only H4 and up, but as you can see, there is no difference, what timeframe you have, a chart is a chart is a chart, you can draw trendlines for any timeframe, and they work equally good everywhere.
Anyways, I am off.
  • #55,157
  • Dec 18, 2020 5:32pm Dec 18, 2020 5:32pm
Quoting juhanimi
{quote} That was an answer for you, you said, that trendlines works only H4 and up, but as you can see, there is no difference, what timeframe you have, a chart is a chart is a chart, you can draw trendlines for any timeframe, and they work equally good everywhere. Anyways, I am off.
but what you are using to project price is only in small part use trendlines and not how most use it.

price can be manipulated short term. easily infact. longer term, no.
In tea leaves we trust!
  • #55,158
  • Dec 18, 2020 5:42pm Dec 18, 2020 5:42pm
Come on now man, there are trends in every timeframe, you can draw trendlines in every timeframe, when you are trading trendlines, you are trading with the trend, you dont think about manipulation, whatever that is I dont know, all you care what is the trend.

can we stop this nonsense now.
  • #55,159
  • Dec 18, 2020 6:21pm Dec 18, 2020 6:21pm
you're generalising now. i was specific - under 4h. you use only part of them for your ta and most people (ones i'm referring to) use them draw lower lows etc.

i remain the same - shithousery on the short term time frames make trend lines less useful. still stand by it.

you started it brah.

at the end of the day. i will trade my way and you yours. a big "so what". if you make coin your way. big on you. i'd be interested in your success rate.

good weekend all.
In tea leaves we trust!
  • #55,160
  • Dec 18, 2020 6:55pm Dec 18, 2020 6:55pm
Quoting Mcbeaners
i'd be interested in your success rate.
I thought you knew that, because you said they are useless, I am sure you have years of experience of trading M1 chart with trendlines, at least I get that impression.
Or maybe you are just talking about things, that you dont have any experience at all. Maybe you dont see what kind of asshole you are, here you come to this forum and teach people very loud and confident what to do and what works, and same time you have lost 1100 pips in your demo account in 2 weeks.
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