Schwager writes that drawing a straight line connecting higher lows (uptrend) or lower highs (downtrend) is the single most profitable skill you can learn.
Schwager guides the reader through drawing trendlines and channels. He is careful to point out the subjectivity involved in trendline placement and offers rules to make the process more objective. Crucially, he discusses the significance of "valid" breakouts versus false signals (whipsaws), a distinction that can save a trader thousands of dollars in unnecessary losses. Getting Started In Technical Analysis By Jack Schwager
Getting Started In Technical Analysis By Jack Schwager Ebook Schwager writes that drawing a straight line connecting