Line Trading
Posted 10-01-2009 at 11:06 AM by zdo
Line Changes:
Slid the live green horizontal line up a little above the recent swing.
From a trading standpoint, moving the line would only be significant if the line was being used as a stop triggger. For me, it was insignificant bcse would only lift some of the shorts on solid PA above that line.
Would add a couple % more shorts if price went above the live red line and then came back down through it... and start building substantial % short position on up corrections, etc. when price has established below darkred line.
Slid the live green horizontal line up a little above the recent swing.
From a trading standpoint, moving the line would only be significant if the line was being used as a stop triggger. For me, it was insignificant bcse would only lift some of the shorts on solid PA above that line.
Would add a couple % more shorts if price went above the live red line and then came back down through it... and start building substantial % short position on up corrections, etc. when price has established below darkred line.
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