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ThanksYes, I was not sure which time frame

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bbgold Member Level  Thursday, 06/02/11 01:33:43 AM
Re: northam43 post# 1543
Post # of 1590 
Thanks
Yes, I was not sure which time frame chart you were using for the sells. I had thought it was the Daily chart and last I had read I believed you had mentioned fully positioned Long and waiting for the Sell signal. I guess I was just behind in keeping up with the posts, sorry.
Have you looked into using different chart timing for different trades? Say once you enter into a Long using a Daily chart that you use the Daily chart for the Sell? Or do you always use the Daily for the Long but only the Weekly for the Sell?
I can see the advantage you have in using the weekly for the Sell but if the initial trade is triggered on the Daily then why not use the Daily to trigger a sell also?
I know you want to be longer term to capture the trend but what disadvantages do you see to taking the short term profits?

Good Luck to All! :^)

PLAN the TRADE and TRADE the PLAN!


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