THE PARADIGM SHIFT

[fringe_remnant]

It All Depends on How the Stock is Behaving....

If it's getting ready to break out or break down you want to get in tight to have a look at the best entry/exit. If it's running hard you might want to have 60Min, 15Min and 5Min available, if you are swingtrading Intraday.

Think of it as the 60Min confirming the trend, and the lesser intervals offering insights.

I use momentum indicators solely, MFI and MACD/TRIX/PPO with signal lines, MA overlays and Bollingers wherever they can be deployed.

And Volume of course, the main signal itself. Placed into the lesser charts it becomes quite the tool.

Here's an example.

Let's say you just sold an Intraday top on a runner, at 10:20 A.M. How do you know when to go back in? It's up 80%, the 10 Minute chart a straight walkup, no gap. You sold because the 10Min chart was failing, and the 60Minute didn't offer you any insight other than it 'looked' toppy. After selling you see the 60Minute confirm the backside 15mins later, with MACD falling off.

Fibonacci retracement Intraday can help you imagine a bottom. But the compulsion to ignore that and buy too early is strong. And Fibs themselves are just a model. It's tricky.

Start by watching the volume like a hawk.

Run 5/10 and 15 minute charts with the 60 Minute chart as background. The MM will attempt to fool you along the way into thinking bottom has been attained on a retrace.

Let the 5/10Minute charts bottom, and turn up a touch. You can do some test buying here. But hold back on the main purchase until the 15Min confirms... Buy more. Hold back again. Let the 60Minute chart speak if you are still not sure. Buy hard when MACD on the 60 starts to turn up. Everyone else will be too.

This assumes the stock is responding to 60Minute intervals. Only you can decide what the background rhythm is on the stock, Intraday. IMO this is one of the most important considerations when trading using Intraday charts. Get that right and the rest falls into place pretty easily.

When we were swingtrading FRE with all the MM headfakery recently I was down to 1Min charts to confirm the five and tens. Made me a lot of money as the thing was swinging wildly in those intervals before moving into broader trading channels.

Of course,there is lots more we could talk about. Later,

fringe


I am not an investment adviser and as such I expect that you, in our communications, will do your own DD and not act on message board banter of any kind.