NQoos ;-)   

TRADING NAKED

Master  your  setup. Master  your Self

 

the interpretation and application of price action concepts

 Thank you for your donation...NQoos 8-)

We all share a similar path in Trading. Even though you may not be a consistently profitable trader now, you can chose to enjoy the path. This alone may make the difference in your success.

 

3 Bar Net Line     


Tradestation code   [THREEBARNETLINE[   [elderray]   [POWER PAINT BARS]


This is a strategy I work on many years ago. Posting it here for some who will find it of interest.

 

STOWELL's THREE-BAR NET LINE - 1

   

  • Joseph Stowell, "Tips for Traders and Investors: Trading U.S. Bonds and Stocks",

  • 1995, Money Management Institute,

  • 10314 Aldrich Avenue, PO Box 235

  • North Rose, New York 14516

  • (315) 587-9651

  • S&C Mag, July 1995, Trader Interview, p.70

 PRICES RISING

  1. Find HIGHEST HIGH for the current UPSWING Label it BAR 1

  2. Look to the LEFT, find the MOST RECENT LOW that is LOWER than the LOW of BAR,Label it BAR 2

  3. Look LEFT again, FIND the MOST RECENT LOW that is LOWER than the LOW of BAR 2, Label it BAR 3

  4. The THREE-BAR NET LINE is a HORIZONTAL LINE extending RIGHT from Bar 3 HIGHS

  5. The TREND is UP until PRICE CLOSES BELOW the current THREE=BAR LINE

 

PRICES FALLING

  1. Find LOWEST LOW for the current DOWNSWING Label it BAR 1

  2. Look to the LEFT, find the MOST RECENT HIGH that is HIGHER than theHIGH of BAR 1 Label it BAR 2

  3. Look LEFT again, FIND the MOST RECENT HIGH that is HIGHER than the HIGH of BAR 2, Label it BAR 3

The THREE-BAR NET LINE is a HORIZONTAL LINE extending RIGHT from Bar 3 HIGHS

The TREND is DOWN until PRICE CLOSES ABOVE the current THREE-BAR LINE

NOTE: INSIDE BARS DO NOT COUNT
 
click to enlarge all below...
1234
3bn1.png (245660 bytes)3bn2.png (360045 bytes)3bn3.png (335829 bytes)3bn4.png (523259 bytes)
    
5678
3bn5.png (309391 bytes)3bn6.png (334859 bytes)3bn7.png (263326 bytes)3bn8.png (323717 bytes)
    
9101112
3bn9.png (377730 bytes)3bn10.png (345092 bytes)3bn11.png (333970 bytes)3bn12.png (387308 bytes)
    

 

expect miracles, they are everywhere.............. God is good all the time

Algeria Andorra Angola Anguilla Argentina Armenia Aruba Austria Australia Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Bermuda Bolivia Bosnia.and.Herzegovina Botswana Brazil Brunei.Darussalam Bulgaria Burkina.Faso Cambodia Canada Cayman.Islands Chile China Colombia Costa.Rica Cocos.(Keeling).Islands Cote.D'Ivoire.(Ivory.Coast) Czech.Republic Croatia.(Hrvatska) Cyprus Democratic.Republic.of.the.Congo Denmark Dominican.Republic Ecuador El.Salvador Estonia Egypt Equatorial.Guinea Faroe.Islanda Fiji Finland France French.Polynesia Gabon Gambia Germany Ghana Gibralta Greece Grenada Guadeloupe Guatelma Guyana Honduras Hong.Kong Hungary Iceland India Indonesia Iran Ireland Israel Italy Jamaica Japan Jordan Kazakhstan Kenya  Kuwait Kyrgyzstan Latvia Lebanon Libya Liechtenstein Lithuania Luxembourg Macau Republic.of.Macadonia Malaysia Maldives Malta Martinique Mauritius Mauritania Mexico Moldova  Monaco Mongolia Morocco Mozambique Myanmar Namibia Netherlands Netherlands.Antilles New.Caledonia New.Zealand.(Aotearoa)  Nicaragua Nigeria Niue Norway Oman Pakistan Palestinian.Territory Panama Papua.New.Guinea Paraguay Peru Philippines Poland Portugal Puerto.Rico Qatar Reunion Romania Russian.Federation Rwanda Saint.Kitts.and.Nevis Saint.Lucia Saint.Vincent.and.the.Grenadines San.Marino San.Salvador Santo.Domingo Saudi.Arabia Senegal Serbia Seychelles Singapore Slovak.Republic Slovenia South.Africa South.Korea Spain Sri.Lanka Sweden Sudan Switzerland Syria Taiwan Tajikistan Tanzania Thailand Trinidad.and.Tobago Togo Tunisia Turkey Turks.and.Caicos.Islands Tuvalu Uganda Ukraine Uruguay United.Arab.Emirates United.Kingdom United.States Uruguay Uzbekistan Vanuatu Venezuela Vietnam Virgin.Islands Yemen Yugoslavia Zambia Zimbabwe

contact TradingNaked                                  yes I am from the '60's           surfed from 168 countries             yes I am from the '60's                                               claimer              

All content copyright (c) 2002-2008 TradingNaked.com and their providers.  All rights reserved.