3 line break for Dummies

Discussion in 'Technical Analysis' started by Brothertruffle8, Oct 19, 2006.

  1. I was reading an old TA article and the writer offhandedly mentioned something called a 3 line break and went on talking about other indicators and factors. However, my mind screeched to a halt. I don't know what a 3 line break is!

    Can someone explain what a 3 line break is? I thought I had a grasp of TA but I had never heard of this concept.

    If there are any books and/or writers that describe this, I would be grateful for their names.

    Thanks to all who reply!
    B
     
  2. marketsurfer

    marketsurfer Sponsor

  3. The Three-Line Break chart was invented by the Japanese rice traders centuries ago.

    [​IMG]

    If you google it, you can also find some pretty interesting info about it, works just like any other trend-determining tool.

    Regards,

    Jimmy
     
  4. KS96

    KS96

    no edge
     
  5. Depends on how you use them.

    But no, they aren't my tool-of-choice for trading the markets either.

    Regards,

    JJ