This video is going to go over a few tips on drawing trend lines. There has been a lot of talk about trend lines being subjective lately, so this video is in response to that. Trend lines are not subjective and the ability to find and draw them is a skill that must be learned and honed. I have over 30 years experience drawing trend lines and in this video I will show you how I do it.
Trend Line Lesson
Great video Mack, Thank you! You are right it can be done, and it is a skill, sometimes I have a hard time finding the trend line as well but every day I get better and better…it takes work and study… Your training videos are always great!
An important point to add concerning trendline and price action – Being approximately right in trading price action is usually good enought.
Mack, Thanks for doing this video- It is a skill no doubt. When I started doing this, I was skeptical because I didn’t see it, I am glad I stuck with it because as time goes on- the trendlines look less and less “Monday Morning Quarterback”.
Even if the Trendlines are close enough to only serve to keep me from going countertrend, that’s enough to find a few trades a day anyway like Jacob said.
Thanks!
Dion
Mack, I go thru your instructional videos every day almost religiously. Can’t wait until I get youtube notification. Honestly, I hate it when you don’t have one, like Fridays and last Monday. You’re very generous. Please continue this great work. This helps me learning chart more than anything I tried all these years. Can’t be any better and simple (No need to use tons of additional indicators). Thank you very much.
Thanks for the video Mack!
The more I study price action, the more I am convinced that there is no randomness in price movement.There is structure. Therefore, reading a chart is not subjective. There might be different ways to draw trendlines and channels, sometimes there may even be more than one correct option, but in the end the Price action will show us if we did it right. If not, it is us that have to figure out why. As you said: the Price action is never wrong!
Do not get discouraged by any naysayers! You show us that it can be done (and you are clearly not drawing the lines after the fact as can be clearly seen in the video!)
Thanks again for sharing your hard work with us!
Thanks for all you do, Mack! It is so awesome to have a successful veteran trader teach us how to use the tools of the trade.
I want to learn from you Mack.
NICE PRESENTATION.
WOULD LIKE TO SEE MORE AND MORE VIDEOS
ON TREND LINES.
KINDLY OBLIGE AND CONTINUE.
REGARDS.