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Trendlines - Tight vs Wide and Cutting Corners
Posted: Fri Dec 08, 2023 5:00 am
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 (34.69 KiB) Viewed 2929 times
Normally I would draw my trendline like this:
- Snag_15b5269d.png (49.33 KiB) Viewed 2929 times
When is it okay to cut corners on bars?
Re: Trendlines - Tight vs Wide and Cutting Corners
Posted: Fri Dec 08, 2023 1:01 pm
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!
Re: Trendlines - Tight vs Wide and Cutting Corners
Posted: Wed Dec 13, 2023 3:03 am
by chasetrades
Thanks Eric! I will review