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Re: Newly2b post# 315115

Tuesday, 10/26/2004 11:06:57 PM

Tuesday, October 26, 2004 11:06:57 PM

Post# of 704049
target and a s/l area

problem is I ususally use multiple time frame coincidence to trade

in other words the best action is when 60 min 557 tick and 50000 bar charts all coincide. most of the time the shorter time frames are already positive, and the longer time frames are neutral. I get screwed usually when I pull one off, do well, get greedy and go against a "neutral daily" or a positive or negetive weekly. its I can see lows fairly easily and see short tops fairly easily, but some how they dont get translated into trades easily. If i had money from every trade that was up 3% or down 3% i would be very well off now.

what i need is somebody to control .. me

for example on ggog the 50 K bars and 1117 tick charts all bottomed and reversed. the 60 min is at a sto low, coincident with a short downtrend reversal but not fully developed entirely. the daily though has lousy montum and a black stick...... so if I were just day trading I would have gone off at the 1117 tick chart. now, i look to the daily to help me out

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