StockFetcher Forums · Filter Exchange · HORIZONTAL LINES!<< >>Post Follow-up
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 !

luc1grunt
622 posts
msg #68460
Ignore luc1grunt
10/15/2008 5:42:18 PM

?

TheRumpledOne
6,362 posts
msg #68461
Ignore TheRumpledOne
10/15/2008 6:08:59 PM

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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.


marine2
829 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?

TheRumpledOne
6,362 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".



TheRumpledOne
6,362 posts
msg #68527
Ignore TheRumpledOne
10/17/2008 11:02:18 AM

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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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