Hi Trades,
Thanks,
Was testing my DSL, seems ok, but I still get timeouts periodically. Think it is my dsl/phone line.
I think I would stick to the way you draw trend lines, they seem to work !! I do have a bunch of your past charts and plan to look at them. Got sidetracked testing the DSL.
I do think markets tend to go down faster than up.
If there is any merit to this 45deg. business there has to be more definition to it. If I display a 1 yr daily chart on the screen with say macd, rsi, vol below I get one "picture of price" when I hide any or all of those the screen/chart rescales to take advantage of the extra screen height and the picture changes !!!
I recall Wayne mentioning 1 unit of price to 1 unit of time giving the 45 deg. So if you were charting on "block paper" at $1/box up to 1 day to the right you would get a 45 deg. line (visually). Now if (due to vertical scaling) 1$ up was only a half box, then the 45deg. line would actually look like 22.5 deg. pictorially.
Beats me at the moment, but it gets talked about enough that it is likely worth figuring out !!!????
Wayne will hopefully be able to "state precisely" what a 45deg. trend line is as he understands it. The more I think about it, the 45deg. line is not something you are going to draw with a "triangle" !!
Thanks, Lee