Sqwii 160 posts msg #68459 - Ignore Sqwii |
10/15/2008 5:39:48 PM
Oki, which method would be the BEST way for finding horizontal lines?
How do YOU find horizontal lines ? If i say screen, is there any tools who can HELP you to find the horizontal lines better?
For example you can find double bottom pattern... could this be a help for horizontal lines ? or what do YOU use ?
Thanks !
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luc1grunt 622 posts msg #68460 - Ignore luc1grunt |
10/15/2008 5:42:18 PM
?
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TheRumpledOne 6,411 posts msg #68461 - Ignore TheRumpledOne |
10/15/2008 6:08:59 PM
OPEN + .20
OPEN + .10
OPEN
OPEN - .10
OPEN - .20
PREVIOUS CLOSE
(HIGH+LOW) / 2
Those are the HORIZONTAL LINES I use.
That's all I need.
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marine2 963 posts msg #68463 - Ignore marine2 |
10/15/2008 6:37:54 PM
What ever happened to Rump's "Saving the World" technical tool, RSI(2) method. I knew he just loved that one but now he has this parrellel line method? Using these lines as resistance lines or channelling methods?
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TheRumpledOne 6,411 posts msg #68475 - Ignore TheRumpledOne |
10/16/2008 4:50:21 AM
Saving the world?
RSI(2) is great for stock SELECTION.
I use the HORIZONTAL LINES as trade triggers. You can read about them in the NEVER LOSE AGAIN thread or search "milk the cows".
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TheRumpledOne 6,411 posts msg #68527 - Ignore TheRumpledOne |
10/17/2008 11:02:18 AM
Who needs indicators?
I don't care how "strong" they are.
Indicators are fine for selecting which stocks to trade.
But after the entry, it's all about price.
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