Mechanical Stock Trading Method
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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 ? 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. When there is a wide swing and the market runs up early in the day and makes a higher top than the previous day and then runs down later in the day and makes a lower bottom, you first move your chart up to the top, or highest point reached during the day, and then bring it down to the lowest level.
Format:Paperback
Language:English
ISBN:1480028231
ISBN13:9781480028234
Release Date:October 2012
Publisher:CreateSpace Independent Publishing Platform
Length:70 Pages
Weight:0.30 lbs.
Dimensions:9.0" x 0.2" x 6.0"
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