Australia's largest stock trading and investment forum Australia's #1 stock forum

AUD australian dollar

0.00%

1.5353

AUD continues to tank.....USD 0.7138 @ 2:30 am , Jan 6, page-15

First 15 Last

Share
Profile

Follow
wombat53

7,702 Posts.

11

11/01/16

23:46

Post #: 16774179
Share

Originally posted by RM ↑

.it's not so easy to join the (high) points.....any suggestions

Hi Wombat53,

when you encounter an established trend but the counter waves are asymmetrical in amplitude it is often difficult to draw a conventional trend line. There are a couple of methods that you can employ but one slightly unorthodox technique involves two steps.

1 Draw a trend line connecting the high to low point in the price movement

2 Drag that trend line to the right of the price chart maintaining the same slope of the drawn line until the displaced trend line only touches the single most furthermost price bar to the right side.

This should provide you with a reasonably positioned supply/demand line.

Regards
RM

Expand

@RM thanks for this. I'll print it out, and review my MONTHLY AUD chart, in particular.

Price at posting: 1.4278 Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Close: Climbing to 8,700s based on vibes wasn't sustainable

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

WA8

Warriedar aims for Ricciardo MRE upgrade on 'thick, high-grade' gold and antimony

PTX

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

First 15 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 1.5353		Change 0.000(0.00%)		Mkt cap ! n/a

Open	High	Low	Value	Volume
1.5355	0.0000	0.0000	$0	0

AUD continues to tank.....USD 0.7138 @ 2:30 am , Jan 6, page-15

ASX Market Close: Climbing to 8,700s based on vibes wasn't sustainable

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Warriedar aims for Ricciardo MRE upgrade on 'thick, high-grade' gold and antimony

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Featured News

Featured News

AUD continues to tank.....USD 0.7138 @ 2:30 am , Jan 6, page-15

Top Stories

ASX Market Close: Climbing to 8,700s based on vibes wasn't sustainable

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

Warriedar aims for Ricciardo MRE upgrade on 'thick, high-grade' gold and antimony

This rare type of lymphoma ruins the body – so do existing treatments. Prescient could have a solution

Featured News

Featured News