Trend Line Analysis by Tory Trades

Overview

• Tory Trades discusses evaluating and rating trend lines.
• Focus on identifying "A+" trend lines: those that are aesthetically pleasing and reliable.
• Analysis based on different instruments: Crude Oil, Gold, Platinum, Silver, and Copper.

Key Points

Trend Line Basics

• A+ Trend Line Requirements:
  • At least 3 touch points.
  • Ample data to support the trend.
• Importance of avoiding unnecessary or unjustified trend lines.

Crude Oil Analysis

• Current trade on a 5-minute time frame.
• Example trade: Short position from a trend line break, but not an "A+" setup (lacks 3 touch points).

Gold Analysis

• 5-minute time frame analysis.
• Identified multiple 10/10 trend lines:
  • Three touch points and a substantial amount of data.
• Example of a less ideal trend line due to only having two touch points.

Platinum Analysis

• Critique of steep upward trend lines lacking clear point B, rated 2/10.
• Suggestion to wait for clearer, more accurate setups.
• Downward trend lines assessed:
  • Example of a 10/10 trend line with multiple touch points and respect by the price.

Silver Analysis

• Initial analysis shows no clear point B, unattractive trend line.
• Downward trend line rated 10/10 with four touch points.
• Importance of patience in waiting for better setups.

Copper Analysis

• Example of a high-grade trend line with four touch points that failed despite meeting criteria.
• Discussion on adjustments and ratings for ongoing trend lines.
• Importance of monitoring and adapting trend lines based on new data.

Conclusion

• Importance of patience, discipline, and accurate analysis in trend line trading.
• Encouragement to share and discuss different trend line setups in community.
• Tory Trades’ trend line evaluations and ratings provide insights into effective trading strategies.