Although candle charts are the norm, there is much
Post# of 1023
Posted On: 03/22/2016 6:58:29 AM
Although candle charts are the norm, there is much more information to be found if you change things up and use different charts as well.
I wont go too much into depth, as a quick google search for ‘three Line Break Charts’ will tell you everything you want to know, but I noticed an upward trend forming and figured Id show you it.
See image below
The great thing about these charts is that time means nothing . As you can see, some months have more days than others. The reason for this is because the chart only shows what is deemed significant. The rest is simply not shown. Notice the upward trend forming in white lines.
This is the longest upward trend in five years, and to me, that is significant.
The way these charts work is by comparing todays close to the previous two (or three) days closes. If todays low (at COB) goes lower than the lowest price of the previous two days (green circle), we’ll either get a red line or even no line if the price change isn’t significant enough to warrant a line.
If todays low does NOT go below the previous two days lowest low (.0052), we will get another white line unless the price change isn’t significant enough to warrant a line.
So, when looking at charts it can be helpful to experiment with the many different charts out there. Although candle charts are what many people use, three line break charts ignore the noise and show a clearer picture of trend. And from what I can see, the trend is clearly an upward trend.
Note
These charts, once again, show that obsessing over the daily PPS doesn’t always show you the big picture, especially if you want to be invested long term. Notice the month of February only shows 3 significant days (the rest was considered ‘noise’ and ignored).
This is NOT investment advice.
I wont go too much into depth, as a quick google search for ‘three Line Break Charts’ will tell you everything you want to know, but I noticed an upward trend forming and figured Id show you it.
See image below
The great thing about these charts is that time means nothing . As you can see, some months have more days than others. The reason for this is because the chart only shows what is deemed significant. The rest is simply not shown. Notice the upward trend forming in white lines.
This is the longest upward trend in five years, and to me, that is significant.
The way these charts work is by comparing todays close to the previous two (or three) days closes. If todays low (at COB) goes lower than the lowest price of the previous two days (green circle), we’ll either get a red line or even no line if the price change isn’t significant enough to warrant a line.
If todays low does NOT go below the previous two days lowest low (.0052), we will get another white line unless the price change isn’t significant enough to warrant a line.
So, when looking at charts it can be helpful to experiment with the many different charts out there. Although candle charts are what many people use, three line break charts ignore the noise and show a clearer picture of trend. And from what I can see, the trend is clearly an upward trend.
Note
These charts, once again, show that obsessing over the daily PPS doesn’t always show you the big picture, especially if you want to be invested long term. Notice the month of February only shows 3 significant days (the rest was considered ‘noise’ and ignored).
This is NOT investment advice.
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ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
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I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
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I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
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The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
http://investorshangout.com/Joeys-Investment-Board-91611/
Invite Only
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
Disclaimer:
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator of the username Joey68.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice, and are NOT designed to substitute the expertise and judgment of a professional. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in the above post.
I am NOT a professional.
I do NOT work for you.
My posts are NOT investment advice. I am not paid to post.
There is no correlation between the number of posts I write per day and your assumed success of a company.
It is NOT my responsibility to inform you of my own personal investment decisions.
It is NOT my responsibility to inform you when it is time for you to buy, hold, and/or sell a position.
I have no control over, and am not responsible for the actions of others who copy, store, edit, change, prepare any derivative work of or alter in any way any of the content provided in my posts.
Errors and Omissions expected. The writer of the above post accepts no liability or responsibility for any errors or omissions contained in the above post or contained within this Disclaimer.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties. These links are provided for informational purposes only and are NOT endorsed by the writer of the above post. The writer of the above post has no control over the contents of any linked website and bears no responsibility for the accuracy, legality, or content of the external site or for that of subsequent links.
YOU ACCESS ALL LINKS ENTIRELY AT YOUR OWN RISK.
The writer of the above post makes no warranties or representations, express or implied about such linked websites, the third parties they are owned and operated by, or the information contained on these websites.
The writer of the above post accepts no liability for any damage or loss, however caused, in connection with the use of or reliance on any information, material, products, or services contained on or accessed through any such linked websites.
There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
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