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Mechanical Stock Trading Method

eBook (ePub)
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The Overnight Chart and the method for operating it is purely mechanical. You use no judgement but simply follow rules and reverse your position when the Overnight Chart indicates it. If you buy and sell and use stop loss orders according to rules, this Method will make a large amount of profits over a long period of time. The Overnight Chart is taken from the daily high and low chart and the rule for keeping it is as follows: As long as a stock makes higher bottoms each day, you move the Overnight Chart up, but the first day it makes ¼ point or more under a previous day's bottom you move the Overnight Chart down to this level, but always recording the highest top reached before the Overnight Chart turns. Then as long as the Overnight Chart makes lower bottoms, you continue to move it down. Should it make a higher bottom and a lower top the same day, you would move it up to the top of that day because the Overnight Chart is based on bottoms.
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Product Details

ISBN
9781300258247
Edition
First Edition
Publisher
Green King Press
Published
July 3, 2017
Language
English
File Format
ePub
File Size
32.81 KB
Product ID
23244363

Formats for this Ebook

ePub
Required Software Any ePub Reader
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch... (See More)
# of Devices Unlimited
Flowing Text / Pages Flowing Text
Printable? Yes
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