One straight line

If you were stranded on desert island, and could use only one single trading indicator or “signal” to trade your way off of the island, what would it be?

Without a doubt, mine would be a trendline.

When I very first started investing the only indicators I knew were the MACD and Volume bars. I would sit at my slow old home computer, propped up on my thrift store bought kitchen table, and stare at the charts. I would then take a piece of paper and hold it up against the monitor screen. Find the area where price seemed to be gravitating towards, and slide the paper like connect the dots.

~~Literally seeing just the trend line and blocking out everything else. No headlines, no news, no noise.~ ~

Trendlines can be used in anytime frame. The chart I’m showing here is a 45 minute one of the $SPY… I’ve been watching it pretty regularly here lately as you can see. And today price broke above it. Will it hold? I can’t say. That’s why we use stops. But today when many others were calling it over for the day, I got my confirmation.

Invest wisely, live charitably and be well…..Brother Bill