In the tutorial, it was stated
[I]If drawn correctly, they can be as accurate as any other method. Unfortunately, most traders don’t draw them correctly or they try to make the line fit the market instead of the other way around.[/I]
What do they mean by making the line fiting the market instead of the other around?
Please assists.
It means they’re so determined to draw a trend line, they’ll draw one whether or not there’s an obvious trend line or not.
The best (and only) trend lines worth drawing are those that every other trader can see. If it’s obvious, put it on your chart. If you’re squinting, not seeing an obvious path, then guess what? No-one else will be seeing it either, and price won’t respect it in any significant way.
Exactly. Trendlines only work because everyone else sees and respects them.
To TripHop and Minuteman,
Thanks for your help, really appreciated it. 