Monday, April 26, 2010

Invisible chart

With thanks to Andrew Lais. I am not sure how I will use this but I like the looks of it. It might help me to identify better entry points when the averages get tighter and it might help with accepting certain stop losses. For example, if I buy VMW now but my stop loss gets defined at 56, I can see where this is in relation to the average and decide if that is a risk I can accept or if it is a loss I do not expect to happen.

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