General Trading Chat

Dan, are these trend lines or something else?
Simple trend lines and some support and resistance line. Just what is seen in the chart.
 

pareshR

Well-Known Member
What is "flat" in trading?"

Flat is a term used in trading to describe price action that lacks significant movement. There is no specific amount or percentage to define "flat" price action. the stock price is stable and lacking volatility during the trading session. Flat trading can be seen as form of a ranging market with low volatility.
 

wisp

Well-Known Member
Plotting these by hand on a graph paper is very tedious but if a new trader does it for 6 months, he will understand market action so much that half a dozen books will not teach. He has seen each 5 min bar in last 6 months....big plus over others...

But nobody will take those efforts now...we used to have those graph paper pages and on weekends we used to put them togather on a dining table to see the longer term view of the market....few of us used to have intraday graphs plotted by hand for more than 2 years.....I never kept for more than 3-6 months....short term trader at heart...

Smart_trade
Amazing Da, no wonder you know your charts and your market.
 

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