Reply To: Practical Exercise 3
Hello Rich – I have done another two charts ‘simply’ – the AUDUSD, I thought I only saw one counter-trendline and would be interested to know if, like me, you thought that there weren’t really any others of note as, in a way, it would help me to learn what’s ‘not there’ as well. The NZDUSD, I didn’t really know if I started the main trendline in the right place but hopefully counter-trendlines may be fine. Two questions: at what point does a main trendline start off, is it at the beginning of the month? because really my charts here are based on patterns that have already happened. Also, should counter-trendlines cross through any candlesticks at all (I know the mains don’t)? Thanks for your help – I’m away a walk now to get away from the screen so I’ll see what you think when I come back!