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I disagree i would have proceeded the same way with the same lines. I simply selected two consecutive and significant swing highs or lows. Nothing fancy and easy to do in my opinion. Learning to draw trend lines should be the first task any wannabe trader should do. This is where you can skew the odds in your favor in terms of risk:reward. For some reasons, it's rarely mentionned or stressed in many of the case studies i see.
trend lines ... hm
well I never was (and I don't know in the future), but draw trend lines was never really my favourite style of trades.
I know how to do, and sometimes (rare) I use them.
But I thinking is about style of trader. And of course each trader can come here and draw the lines different ...
1. I always recommend traders use what works for them...
2. Your avatar.... you don't have one ...
3. You should get one... you could use the pic from your blog... but then again the traffic it would generate would probably bring your whole site down ...
Regards,
TMFT
I'm just a simple man trading a simple plan.
My daddy always said, "Every day above ground is a good day!"
