Daytraders After Market Lounge 13th dec, page-62

Sell a long tail up - and buy a long tail down

I generally don't use trend lines at all - The ema gives me enough of an indicator of general trend..
Plus E Trade has pretty crappy tools for doing it..
I just pay attention to the charts people post and it interest me how different people go about doing it so differently sometimes.
Often with quite different analysis - eg the RMX chart above and the difference between 43 and 48.. that's quite a big difference depending on how or who is interpreting it..

Interesting discussion - Thanks for the replies - hope some peeps got some good info from it as I certainly did.