The Overnight Chart and the method for operating it is purely mechanical. You use no judgement but simply follow rules and reverse your position when the Overnight Chart indicates it. If you buy and sell and use stop loss orders according to rules, this Method will make a large amount of profits over a long period of time.
The Overnight Chart is taken from the daily high and low chart and the rule for keeping it is as follows: As long as a stock makes higher bottoms each day, you move the Overnight Chart up, but the first day it makes 1/4 point or more under a previous day's bottom you move the Overnight Chart down to this level, but always recording the highest top reached before the Overnight Chart turns. Then as long as the Overnight Chart makes lower bottoms, you continue to move it down. Should it make a higher bottom and a lower top the same day, you would move it up to the top of that day because the Overnight Chart is based on bottoms.
- ISBN13 9781300258247
- Publish Date 3 July 2017
- Publish Status Out of Print
- Out of Print 25 June 2021
- Publish Country US
- Imprint Lulu.com
- Format eBook (OEB)
- Language English