RE: Applying stage analysis to a monthly chart
(2019-06-16, 05:29 PM)malaguti Wrote: Has anyone looked at applying stage analysis to monthly charts?
I want to create a strategy that trades off monthly..each month i want to put money into something and ideally i'd like to apply the same principles. the problem i'm finding however is its not so easy as pullbacks are less common/less pronounced
in theory, given the price action is less pronounced, you'd think it was easier...
any thoughts welcome?
I use identical chart settings for the Monthly as I do for the Weekly.
I think you'll find that you'd be getting into more new highs than pullbacks when using Monthly charts, which is not a bad thing, as you are getting into something already in a weekly Stage 2 at that point.
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.