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Thanks for a great post. On the 1 minute chart what setting is the red line.
I went back and looked at the original Golden Equity posts and followed a long on my charts searching for alert candles ... It's amazing how often they happen and by following those few simple rules to the T I can already see how my tyrading can improve.
Thanks Chris, by the way here is a new zip with my current indicators and setup with template for those interested.
Rad,
Again, thanks. I already can't wait for next week. This week was up and down for me...but it was my own fault trying to force trades. I love this thread!
Those MM lines appear to very powerful.
Radatat....Do the mm lines automatically change or do they have to be recalculated....The next mml line down is -2/8 but there is nothing after that. Thanks for the info.
According to MM theory, we are already in way oversold territory now. The 2-8 line is the last. I believe that they will recalc if we get much below that point.
However, long term fibs and stochs indicate that we may see a retracement some time shortly.
Wait and see.
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Change everything till it works!!! Test, test, test...
Quick question regarding the Murrey Math Lines. I notice that they do recalculate and so if it's the case, how do you go about using them for support and resistance when a labled 1/8th can become 4/8th when it recalculates?
Would appreciate any tips and suggestions in this area. Thanks and great thread.
Linear Mode
