neil
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Can anyone translate the below description into a visual example please ?
Draw your trend lines using the most historical hits, as well as conventionally.
Conventional trend lines follow the perimeter of price, and they are always the last to break. Oftentimes, because they are so obvious, price turns into a consolidated mess when it actually runs into the level. This makes entry extremely difficult with price behaving in a convoluted manner. Inner trend lines are drawn using historical hits, and in our experience, register much cleaner retests on the back end once broken. Additionally, these breaks happen ahead of the main, outer trend line, positioning yourself well ahead of the whipsaw price action regularly occurring around conventional trend lines."
The source for the above paragraph came from :
A Price Action Trader’s 14 Rules for Survival | No Brainer Trades
Draw your trend lines using the most historical hits, as well as conventionally.
Conventional trend lines follow the perimeter of price, and they are always the last to break. Oftentimes, because they are so obvious, price turns into a consolidated mess when it actually runs into the level. This makes entry extremely difficult with price behaving in a convoluted manner. Inner trend lines are drawn using historical hits, and in our experience, register much cleaner retests on the back end once broken. Additionally, these breaks happen ahead of the main, outer trend line, positioning yourself well ahead of the whipsaw price action regularly occurring around conventional trend lines."
The source for the above paragraph came from :
A Price Action Trader’s 14 Rules for Survival | No Brainer Trades
