I notice this more chart time i get and how simplier things are becoming. There seems to be relationship to chart time and methods and confidence.
Im finding this process very interesting in its self.
BB
MightyOne wrote:So simple that people will laugh in your face when you explain it to them.
This is similar to AU (not that it will have the same outcome):
0, 50, 100, or just eyeballing it...
If you trade what you see then all you need is a horizontal line.
When I am forced to explain how I trade to people sitting with me at the bar then I simply say:
At the end of the year there will be one highest high, one lowest low, & a range.
If you trade from one point or the other then you may capture a large portion of said range.
From which point do you trade?
Draw a horizontal line & if price is generally higher then go that way, but if it is generally lower then go the other way.
They all laugh and we silently drink our beers =)