Flying without Indicator

[4xis2ez]

Azmi
Trendlines are the most useful tool out there. Some will argue over words and say trendlines are an indicator, but I am assuming you mean things like ma's, rsi, macd, bollinger and the like. Trendlines are a forward looking tool as they extend into the future or right side of the chart.

Small account managed forex

[teeanto]

hi tsunami,

that spider thing does seem very interesting, r u going to explain
what it all means?

[bulldogFXR]

I'm guessing those are placed manually as they don't really come together that cleanly; but that being said they certainly do paint quite and interesting picture and really give a good feel for realative support and resistance. Nice chart!

[amarnath]

Hi all

But spider line are subjective too so not easy tool but a simple one

[xtsunami]

amarnath, bulldog, teeanto,

They chart I posted is not drummond geometry. The geometric pattern comes from the attached and are hand drawn. Unfortunately, chart scaling the way it is, pulls some of the lines apart.

As for the use, channels, s/r, time/price, fibonacci ratios, harmonic octaves, are all included.

[xtsunami]

amarnath,

As I posted, I saw you last response.

You can call them subjective if you like, but they are all drawn well in advance of price movement with well defined parameters.

[4xis2ez]

Xtsunami,
You mean that chart is for real? I thought you posted it as a joke.

[azmi]

4xis2ez

I have a feeling someone going to mention drawing trendline. I'm no expert on trendline but I started learning technical analysys like the rest of us, the stochastic, RSI, MACD, MA from WMA, EMA & SMA.
In the early learning stage trendline are regarded as old school of technical analysis. I felt that entry is not crystal clear & those days entry is the most important thing in the system rather than money management. SO I resort to Indicator with all bells & whistle. I even give Gann Square Nine & Elliot Wave consideration.