mdl060374
94 posts
msg #68830
- Ignore mdl060374 |
10/27/2008 12:02:28 PM
thanks!
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mdl060374
94 posts
msg #68832
- Ignore mdl060374
modified |
10/27/2008 2:30:22 PM
luc1grunt,
you said "Charts actively running are 1 minute, 5 minute, 15 minute, and S&P 5 minute. T&S is running and only occasionally level II (too distracting).
Sorry about the chart quality....it's the only chart platform I have that will fit the size limiations of the forum.
As I've posted here and on other forums, if you intend to intra-day trade, pick a high volume stock (I prefer NASDAQ) watch it day in and out and see how it reacts to support and resistance levels. Sit on your hands (literally) if needed and watch. Watch the action and correlation of the S&P or NAZ Comp. Watch a few timeframes.
Hope that helps a fella. Looks and feels easy, but the education can be expensive. Discipline and mental attitude are partners in the quest."
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When you say multiple time frames, I am assuming using you are looking at the larger time frame (some will call this an anchor chart)for "stronger" signs of S/R or formations (traingles/wedges double tops/bottoms, etc) then look for entries on the short time frames once a formation is broken?
this right? Is this what you mean by "lining up" the timefames?
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luc1grunt
622 posts
msg #68862
- Ignore luc1grunt |
10/28/2008 3:43:28 PM
exactly correct MDL.
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luc1grunt
622 posts
msg #68900
- Ignore luc1grunt |
10/30/2008 2:22:06 PM
SSO/SDS forming heavy on the 1, 5 and 15 at 1420(E). r/r is easy to calc whichever way it breaks. "Up" is the higher probability, but confirmation is key. Same wqith QLD/QID depending on your poison.
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