Trend Tracker: 1-2-3 Rule (Update)

WaveTrender

1-2-3 Rule:
  1. A trendline is broken.
  2. The trend stops making higher highs in a uptrend or lower lows in a downtrend.
  3. Prices go above a previous short-term minor rally high in a downtrend, or below a previous short-term minor sell-off low in an uptrend.

Early post:
http://blog.hutong9.com/space.ph ... do=blog&id=9558

DQ's Entry is an expert on this rule:

http://web.wenxuecity.com/BBSVie ... e&MsgID=1449026

claudio

沙发

focusonsth

yam

赞！

Lionking

good stuff! Thanks.

Pirate

Thanks

fisheatme

yes it's good.

but may be it's good only because we think it should be down.

look at you chart on March 30, 31

it was breaking up after that

so we should be careful

or maybe just because i don't know how to define trendline, ^_^

WaveTrender

7# fisheatme

The chart just demo the market trend will change IF point 3 broken. Market will tell us the  right direction. Thanks!

lucymvz

thanks

lake3peat

Thanks