RE: Watchlist - Traders method
(2013-12-11, 11:54 PM)Tryst Wrote: Thanks for the suggestion to change to 'Logarithm scale' on the chart.
Do you keep you charts at this setting, or just switch to it to see the price action more clearly at lower levels on shares that have dropped quite a lot?
I see that changing it to Logarithm Scale as put my trendlines out on the chart.
Yep, I've permanently switched to Logarithm scale now on my weekly and monthly chart as I find it much more useful than standard scaling on those timescales, but I still have standard scaling on the daily charts. It will affect your trend lines as your chart is now percentage based. But I barely find the need for trend lines anymore on the weekly as the 10 and 30 week MA do the same job without drawing loads of lines all over the place. So I only really use horizontal lines to mark pivot levels and top or bottoms of Stage 3 and 1 ranges, and the MAs for trend.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.