Traders Laboratory - View Single Post - Trading with PA "No Indicators"
View Single Post
  #8 (permalink)  
Old 02-20-2008, 03:13 PM
brownsfan019's Avatar
brownsfan019 brownsfan019 is offline
brownsfan019 is feeling the pain of losing a dog

 
Join Date: Jan 2007
Posts: 2,105
Thanks: 34
Thanked 86 Times in 56 Posts
Re: Trading with PA "No Indicators"

And of course the next question is - what levels do you use and why? Use them all and your chart will look like a mess of horizontal lines everywhere. If you put enough lines on your chart, some will look like they nailed the HOD or LOD. Some will just get in your way.

And the follow up question: are static, fixed lines that are based on YESTERDAY'S price action good for determining TODAY'S price action? Food for thought.

Reply With Quote