RE: CHARTS -T LINE TIPS27 Sep 2016 19:09
Good afternoon liam7124. So pleased you are making money. I had a good day on the ftse too.
Hope you were not too busy with the ftse and didn't miss the SAR rns AT 12 NOON. Using the T line it doesn't matter if one is not invested immediately before it as one can always hop on the train as it is leaving the station.
Price had held up remarkably well with little profit taking today, A real stonkingly good RNS.
You really only need to know the 12 major candlestick reversal patterns. 6 long 6 short otherwise it gets too complicated. Keep it simple is my motto.
The 2 emas are best used for swing trades at the end of a trend and the T line for keeping one in or out of a trend.
If one can make £1k a day , and it is usually possible if one has the patience that's £5k a week or £250k a year with 2 weeks in the Bahamas. It does drain one though. I'm too old to do it every day. I sometimes up the stakes and go for fewer pips which takes less time.
here is a link to Stephen Bigalow's 12 major candlestick reversal patterns which should cut down on your reading and studies.
http://www.candlestickforum.com/PPF/Parameters/10_6896_/candlestick.asp
remember don't pay for education there is plenty of it free on the net including most of Sbs nuances, fry pan bottom, bobble, J hook, kicker signal, doji sandwich
website with link for free ebook on 12 major candlestick reversal patterns.
Here is the link to the web site. click on the top right hand to subscribe to the FREE newsletter. only email address required no bank details and you will get a FREE e booklet that explains the 12 major candlestick reversal patterns.As with all emails these days one can unsubscribe at any time.
http://www.candlestickforum.com/PPF/Parameters/11_6911_/candlestick.asp
You will also have to learn about money management, risk reward and the basics about a share's fundamental analysis but don't pay for it. There's a plethora of FREE information on the net, just google the key phrases.
Good luck investing always.
23 Jun '16
Just come across this rather good write up of the T line. GLA
https://hitandruncandlesticks.com/t-line-trading/
good luck trading