Day Trading with Lines in the Sky Quick Introduction: From the Trading Diary of a Second-Career Day Trader: How to Use 30-Day, 11-Day, 3-Day and 1-Day Linear Regression Channels to Reveal Precise Entry and Exit Levels Review

Day Trading with Lines in the Sky Quick Introduction: From the Trading Diary of a Second-Career Day Trader: How to Use 30-Day, 11-Day, 3-Day and 1-Day Linear Regression Channels to Reveal Precise Entry and Exit Levels
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Day Trading with Lines in the Sky Quick Introduction: From the Trading Diary of a Second-Career Day Trader: How to Use 30-Day, 11-Day, 3-Day and 1-Day Linear Regression Channels to Reveal Precise Entry and Exit Levels ReviewI liked this book and found it very helpful. While it's not for novice traders, the tone of the writing is always friendly and honest. (Most traders sound so pompous and arrogant when they write about trading.) There's no over-promise here, just sound guidelines and lessons. The plastic comb binder lets me leave it on my desk during the day so I can refer to the lessons as I trade. A very worthwhile book for any day trader who's looking to improve his/her game.Day Trading with Lines in the Sky Quick Introduction: From the Trading Diary of a Second-Career Day Trader: How to Use 30-Day, 11-Day, 3-Day and 1-Day Linear Regression Channels to Reveal Precise Entry and Exit Levels OverviewDo you day trade? Are you losing consistently? Are you being blindsided by market volatility? Are you buying when you should sell and selling when you should buy? Are you at a loss to appreciate how price moves?Do you appreciate how price moves in channels? Do you appreciate how price channels can appear differently depending on how much time (duration) a channel covers? Do you appreciate how to "read" multiple channels across multiple durations?Do you appreciate how moving averages can affect price? Do you appreciate how moving averages can appear differently depending on a chart's duration (a 1-day chart vs. a 2-day chart vs. a 6-month chart)? Do you appreciate how to "read" moving averages across multiple charts?Do you appreciate intermarket analysis (the effective study of relative price values and confirmation)? Do you appreciate time-of-day analysis (the effective study of participant mix and buying/selling waves)?Once you appreciate all of the above you will likely lose less often, be blindsided less often and start winning consistently.My Quick Introduction discusses all of the above. It presents my approach to day trading (the lines approach). I combine linear regression channel, moving average, intermarket and and time-of-day analysis using multiple charts and multiple markets. I focus on day trading the correlations between bonds, the NASDAQ 100, S&P 500, Euro FX (EUR/USD), crude oil (WTI) and gold but the approach is suited to working with any combination of correlated markets/instruments. The lines approach is concept. My Quick Introduction explains the lines approach using the trading days before and during the February 27, 2007 equity market crash and the March 21, 2007 equity market surge. See my website DayTradingWithLinesInTheSky.com for more on how I trade.Better tools make better traders.-- Richard L. Muehlberg

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