Trendlines - Tight vs Wide and Cutting Corners

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chasetrades
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Posts: 12
Joined: Tue Mar 21, 2023 12:31 pm
Location: CA

Trendlines - Tight vs Wide and Cutting Corners

Post by chasetrades »

In Mack's chart review 12/07/23 @ 13:25 on his chart, he drew a trendline just like the one below:
Snag_15b45f75.png
Snag_15b45f75.png (34.69 KiB) Viewed 2919 times

Normally I would draw my trendline like this:
Snag_15b5269d.png
Snag_15b5269d.png (49.33 KiB) Viewed 2919 times

When is it okay to cut corners on bars?
eric-pal
Posts: 232
Joined: Mon Oct 31, 2022 1:08 am

Re: Trendlines - Tight vs Wide and Cutting Corners

Post by eric-pal »

Worth reviewing the channel module. In this case, Mack's upper trendline is very, very slightly off from how he usually draws them probably due to NT8 shift.

Yours would be if using lower trendline to set.

Good trades to you!
chasetrades
Member
Posts: 12
Joined: Tue Mar 21, 2023 12:31 pm
Location: CA

Re: Trendlines - Tight vs Wide and Cutting Corners

Post by chasetrades »

Thanks Eric! I will review 👍
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