ETF SWING & DAY TRADING

[Little Chico]

jonr,

This happened to me also, too many times for me to think about! I have been setting stops too tightly, lately.

If we trade with the 30" chart, we will be right, more than wrong, most of the time. However, there can be a small countertrend on the 5" chart, working against us, that we can choose to ignore, as our position "takes the heat" for a few ticks, or we can attempt a more precise entry by taking the trade based on the 5" chart, when we know the 30" chart is on our side.

The best placement of stops is based on the 5" chart, above, or below the last turn and the top or bottom of the candle that marked the turn on the 5" chart.

As far as the moderator position goes, what would it entail?


Chico