News Focus
News Focus
Followers 32
Posts 2835
Boards Moderated 0
Alias Born 08/19/2005

Re: Duma post# 49251

Monday, 08/18/2008 8:18:20 PM

Monday, August 18, 2008 8:18:20 PM

Post# of 79026
Hi Jon

Congratulations on your good success. Trading the 5" chart requires constant attention, it is true. You might back up and use the 30" chart but make sure you are trading with the hourly and daily trend. The 5" chart is potentially the most lucrative but is volatile and prone to whipsaws. Getting in synch with the next chart up that is slower, in this case, will help make sure you are not "fighting the tape", as the old saying goes. That was a mistake I made too many times in the past.

Chico

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today