Tag: trendlines

Why it’s very dangerous to trade using trendlines

trendlines

Do you use trendlines?

I dont… and I dont use them for a simple reason: subjectivity.

Look, trading forex or stocks or any other market has certain degree of subjectivity. But it doesn’t mean that we should use all kind of subjective stuff.

According to wikipedia, subjectivity is a term used to refer to the condition of being subject and the subject’s perspective, experiences, feelings, beliefs, and desires.

And when you think about it, that’s exactly what we get when we use trendlines.

We always tend to draw them at a level that confirm our biases. Let me show you.

forex, trendlines

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