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Post# of 76351
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Re: 3kidsplus1 post# 50475

Thursday, 11/03/2011 4:49:02 PM

Thursday, November 03, 2011 4:49:02 PM

Post# of 76351
most often people are using some type of moving averages or other technical indicators that trigger them to do something.

they then go to the next higher horizon like you idea of 1min to 5min to see if the same thing is happening or appears to be in progress of happening or at least guessing when it my happen to gain some confirmation on your trade.

more normal is to check daily against weekly
5min against 15min 15min against 60min
an intraday against a daily

the trader is looking for confirmation

or excitement because something triggered, ie maybe a crossover
of two moving averages, or price over a recent price peak
then you ck the next level of chart (5min or 15min or ....)

Trade at YOUR OWN: Risk, DueDiligence, RiskTolerance. Trading Responsiblity is Totally Yours!
You are Spending Your Money, no one elses! Be Wise, Be Thinking, Be Deliberate!

Be Lucky, Chichi2

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