Let me give an example of a point made in the Trends & Channels video, in which I stated the following:
With hindsight it’s always easy! So when you see educators marking up charts saying, "See how the trendline defines the trend… and see how you could have entered here and here and here". Don’t blindly accept this. But instead look at the chart and confirm whether that is actually how it would have appeared at the right hand edge of the chart. Or have they just marked it up with the benefit of hindsight.
Hindsight is easy! Live… is never as simple!
Here's an example. Let's assume you were shown the following chart, demonstrating the potential for channels to provide exceptional trade entry locations.
What's the problem with this chart?