ProfLogic's Method

Discussion in 'Strategy Building' started by El Guapo, Nov 24, 2008.

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  1. RedDuke

    RedDuke

    Happy Birthday and Best Wishes!!!!!!
     
    #571     Feb 9, 2009
  2. Thanks Red . . . can't believe I have an AARP card.
     
    #572     Feb 9, 2009
  3. OK, here's my first attempt at posting a chart . . . here's my 2401
     
    #573     Feb 9, 2009
  4. and my part 1 343
     
    #574     Feb 9, 2009
  5. and Part 2 343
     
    #575     Feb 9, 2009
  6. What's the ATR on the 2401?
     
    #576     Feb 9, 2009
  7. Oh that's just my way of seeing what is the length of the average bar . . . It's the Average True Range function . . .

    for now just experimenting with it . . . It helps me see after how many points in my favor I should move the stop . . .
     
    #577     Feb 9, 2009
  8. May I comment on it?
     
    #578     Feb 9, 2009
  9. Of course . . . any insight you can provide can only help me . . .

    Afterall, I'm new to doing this full time . . . but having watched the behavior of price for the past couple of days . . . I think I know what you might say about it . . .
     
    #579     Feb 9, 2009
  10. Well, it reassuring that you already know what I'm going to say.

    Use it if you wish but to me it's a distraction. Keep things as simple as you can till you get a solid grap of what is happening on your chart.
     
    #580     Feb 9, 2009
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