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Saturday, December 01, 2007 10:53:39 AM
CHART SCHOOL Lesson 101.9 Daytrading the STI(2,5)
The STI has proven to be very effective in daytrading or short term swing trades.Here is a chart on SIRI...I changed from our JAGH to SIRI because daytrading needs to be on a high volume stock.The high volume example is necessary to see clearly what needs to be seen on the STI overlay entry/exit points..A lower volume stock can be traded on the 10 minute candle chart just as effectively..but clear definition is more esaily seen on a high volume issue.
The STI has proven to be very effective in daytrading or short term swing trades.Here is a chart on SIRI...I changed from our JAGH to SIRI because daytrading needs to be on a high volume stock.The high volume example is necessary to see clearly what needs to be seen on the STI overlay entry/exit points..A lower volume stock can be traded on the 10 minute candle chart just as effectively..but clear definition is more esaily seen on a high volume issue.
Simple
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