CAVAET: PLEASE NOTE THAT THE CHARTS DO NOT REPRESENT AN INVITATION OR RECOMMENDATION TO BUY OR SELL ANY SECURITIES OR STOCKS. THEY ARE NOT TO BE TAKEN AS “INVESTMENT ADVICE”. THEY ARE PURELY AND STRICTLY FOR MY PERSONAL USE AND STUDY ONLY. NEITHER THE AUTHOR NOR ANYONE ELSE INVOLVED IN THIS BLOG WILL BE LIABLE FOR ANY LOSS, DAMAGE OR LIABILITY DIRECTLY OR INDIRECTLY CAUSED BY THE USAGE OF ANY MATERIAL(S) IN THIS BLOG. TRADE AT YOUR OWN RISK.
Saturday, 3 May 2014
AS SIMPLE AS IT CAN GET!
Simplicity saves time and effort. My endeavour to simplify my charts
led me to this new format which I feel is as simple as it can get. If
the second and third panel, the two panels below the price panel, shows
green, then it is bullish. I have checked it out and the following
charts show the results are encouraging. As for exits, the channel
lines should be used. These are the potential supports and resistances.
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