Trading Price Action Patterns - Trend Lines Don't Work | Forex

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1. I like to know where a trend line is if i am short and selling into the trendline, but i do the believe pure price action and what a combination of candles indicate is about to occur on the chart. (That would be the title of this video " Trading Price Action Patterns "). Nailed it. But No moving averages, no vwap, no macd for me.
2. Trend lines may not work for you, but trend CHANNELS  are absolutely essential when price action trading.  Can't trade without them.  There are frequently short and long term channels in play simultaneously, perhaps that's why you don't see value in "trend lines". In the example you're showing, there are valid trend channels.
3. The third line is the only good one you draw so if you had a minimum of free space with your stop loss, crossing the trend line would not matter and would make some profits regardless. Another thing is your wayyy too close to draw good trend line, zoom out a bit if you want to use this strategy right. I just hate ppl calling bullshit on strategy when they have no clue how to use it
4. Jerry from Parks and Req thanks jherry
5. No offense, but you coulda summed this up in a minute.
6. Nice Video
7. Your argument makes sense on the surface, yet there's nothing inherently ineffectual about applying a linear model to a non linear set of data. We know the markets tends to trend in certain directions at a more or less steady pace. Using a moving average is also linear in the sense that you're applying a formula based on the last X number of bars, over and over, on every single bar, even if you don't literally see a straight line. Anyway, trendlines can be a great tool if you know how to use them.
8. Wow!
   Thanks Barry!
9. i think trendlines work in the forex market ,in combination with tools
10. I think your statement "trendlines doesn't work" ultimately reflects your lag of knowledge concerning how they work. Sorry to say.
11. Awesome info, I'm just entering the market and this was very confidence inspiring!
12. 15 EMA is a linear gauge, trend lines adapt, you are just lazy, draw trend line on closing prices not the wicks, wicks are not the trend, they are volatility, a 15 EMA is built on close not wicks.
13. trend line is pretty important, i use it to identify the overall trend. Then use fibs to find good entrys. On top of that S&R lines will also be helpful with trendlines as well. You can never rely on one indicator. You can several to give you several conformations where to have a entry.
14. Trading trend lines is not for beginners, and there is multiple factors involved before entering a position. For example, is there a previous support or resistance level that may conflict with the trend? Is it a volatile or flat market? Is it an uncertain market(does the candles have long tails and wicks)? Did you get confirmation on your trade? Does your indicators match what you believe to be happening? Takes lots of practice, but it does seem to be the most accurate way to trade when you know what you are doing.
15. Trend lines betray you, never made sense to me and usually put me on the wrong side of the market
16. lol this hilarious I'm going to subscribe good stuff
17. Trend lines are one of the oldest and most important on-chart indicators.
    
    Trends are used to measure price swings.
    Uptrend lines are created when the price prints higher tops and higher bottoms.
    Downtrend lines are created when the price prints lower tops and lower bottoms.
    
    We draw trend lines with connecting two or more tops or bottoms on the chart
    When the trend is bullish, we connect the bottoms of the trend.
    When the trend is bearish, we connect the tops of the trend.
    
    A break in the trend does not mean a creation of a new trend. Sometimes it means that the slope of the trend is flattening.
    
    I use trend lines all day long and are very reliable if you know how to draw them.
18. If you understand how to draw a trend line you will realise that by identifying a trend as early as possible, you are giving yourself a prediction of the future price action. A moving average tells you nothing about the future, it only maps what has happened in the past. A trend line can be used as a future guide but most people don't have the skill to identify a new trend early enough. If you look at all the major turning points in the market you will see your MA is miles behind and you will miss those low risk / high reward entries. Everyone uses an MA and mostly everyone is too late to the party!
    
    A moving average only tells you what happened in the last 15 candles, what use is that when you can already see them? Trading is all about predicting the future, you need a bias and a plan, no indicator can do that, its a skill and you either see it or you dont.
    
    The breaks of the trend lines are opportunities to take a trade, not opportunities to move the trend line. i recommend people find their own in trading because if things were easy why would 90% of retails traders lose money and why would those who are really making a living tell other people how to do it for free?
19. Thanks once again Dr Barry.Great insight and wisdom.
20. it's all about finding support and resistance. trend lines can be very helpful in drawing attention to said areas. nothing "works". one must understand the market one is playing.