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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
Snag_15b45f75.png (34.69 KiB) Viewed 2880 times

Normally I would draw my trendline like this:
Snag_15b5269d.png
Snag_15b5269d.png (49.33 KiB) Viewed 2880 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 👍