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Last Post: 4/22/2006 1:28:43 PM - Followers: 4 - Board type: Premium - Posts Today: 0
Simple charting Charting can be quite simple, all too often traders try to complicate what has to be simple to be effective. Too much attention is paid to indicators. Indicators that can only tell what is already known from observing price history. The simplest and IMO the best way to read charts is by trend lines. Trend lines are drawn from spike to spike on a stock's price history. As can be see by this chart above that if adhered to, simple trend lines, can be quite profitable. Now it is true, one might very well miss an absolute bottom entry or an absolute top exit, but be honest... Who among us ever truly gets either? Other things that should be noted is just how often the spikes along a stock's price history conform to a perfectly straight line. It is uncanny.
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#27   stockcharts.com/c-sc/sc?s=$WTIC&p=D&yr=3&mn=0&dy=0&id=t45841380396&r= Relentless Despot 04/22/06 01:29:12 PM
#26   as usual you are quite right.. Relentless Despot 04/22/06 01:28:57 PM
#25   GZFX: Relentless Despot 03/16/06 10:05:56 PM
#24   RD fringe_remnant 02/21/06 12:45:41 AM
#23   Drawing trendline from CCI can give you a Go_Stocks 02/20/06 02:46:44 AM
#22   Trendline drawn from the price chart vs trendline Go_Stocks 02/20/06 01:46:19 AM
#21   Good board. Go_Stocks 02/20/06 01:24:16 AM
#20   Hi Despot - nice board! serfdom 01/24/06 12:06:36 AM
#19   Nice 18% today. Relentless Despot 01/23/06 06:36:11 PM
#18   The down trend is dead... I should imagine Relentless Despot 01/22/06 03:21:37 PM
#17   ATCT... Relentless Despot 01/19/06 09:23:28 PM
#16   One year weekly chart showing a reversal: Relentless Despot 01/19/06 08:54:35 PM
#15   NVAX I really like what I see here. Relentless Despot 01/17/06 10:15:21 PM
#14   BSML Nice Could see alot more. Relentless Despot 01/17/06 10:05:28 PM
#13   AHN Another one to watch. Relentless Despot 01/17/06 09:56:19 PM
#12   SCU Relentless Despot 01/17/06 09:49:01 PM
#11   That I have, seems the only reliable way Relentless Despot 01/17/06 03:07:48 PM
#10   Hi Relentless Despot, JDs Stocks 01/17/06 01:08:41 PM
#9   Might take a day or more but getting Relentless Despot 01/17/06 12:59:57 PM
#8   VION Sure looks like a year long down trend Relentless Despot 01/16/06 08:19:09 PM
#7   GEMS Definitely worth watching from here. Relentless Despot 01/16/06 08:09:42 PM
#6   ALAN This is worth watching. Relentless Despot 01/16/06 08:04:32 PM
#5   SWB Fianally broke the downtrend. Relentless Despot 01/16/06 07:57:09 PM
#4   GMST getting close. Relentless Despot 01/15/06 09:13:01 PM
#3   CEAT move predicted flawlessly using simple trend lines. Relentless Despot 01/15/06 09:00:59 PM
#2   This method can and should be used in Relentless Despot 01/15/06 08:49:47 PM
#1   Trend for GZFX Relentless Despot 01/15/06 08:44:36 PM
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