- Let me introduce you to another add-on that we sometimes use. It utilizes certain patterns and Candlesticks to produce buy and sell signals .Right now an ETF GASL received a buy signal on 11 of August that is called T-Line Crunch.
- The T-line crunch is a common bullish indicator that indicates when a potential breakthrough is about to occur. Also, it visually demonstrates that the bears cannot knock the trading levels down through the T-line. As long as a trend continues to close above the T-line (the black line), it is considered to be in an uptrend.
- One thing to be aware of with a T-Line run, sometimes during the the stock run that the price can get far from the T-Line and as the result the stock will trade sideways for a few days until it comes back to the T-Line and tests it, or other times, the come back of the price to T-line will happen dramatically in one day esp if the price is too far from the T-Line.
- As you can see in the chart the price of the GASL is a bit far from the T-Line, so keep in mind that GASL can also consolidates or fall to the T-line dramatically, before further uptrend.
WELLCOME
WELLCOME TO MY BLOG.
"Don't trade when there aren't clear opportunities" Jesse Livermore "The only way to "get better at trading" is to practice dealing with losses, with money, with your real trading system "Rob Booker "There are old traders and there are bold traders, but there are very few old, bold traders." Ed Seykota "Don't think about what the market's going to do; you have absolutely no control over that. Think about what you're going to do if it gets there"Bill Eckhardt
Sunday, August 14, 2016
T-LINE CRUNCH
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