Tag Archives: 3 line break chart
The Union Budget 2017 is scheduled on 1st of February 2017. In general budget days are typically volatile where sharp up and down moves take place in the market throughout the day. So novice traders lose money trying to trade that volatile market. Now how to survive these kind of markets and pull out big profits using simple tricks? In this post I shall discuss my simple line break chart strategy to survive the budget day trading.
In my previous post I have already discussed <a href="http://www.stockmaniacs.net/use-three-line-break-chart-download-tlb-amibroker-afl
Line break charts OR price break charts are a special form of charts which reflects the sentiment better than a normal candlestick chart. A three line break chart is a specific chart where a reversal box is formed only after the price breaks the high or low of last 3 previous boxes. Three line break chart is the most common among all line break charts but some analysts also use six line break charts in lower time frame like 1 minute to catch the sudden moves during news like budget day or inventory