OLD TFMS

[Brandon]

Most trading patterns are fractal, that is they appear in more than one time frame. What works on a daily chart should work on an intraday chart and a weekly etc. That said, there are a few very nice Wide Range Day short setups that I am finding on the weekly charts. Have a look at TROW and CHKP. Both could be great shorts when the market starts to cool off.

Remember that when you trade the weekly charts to make sure you are looking at the bigger picture...dont get caught up in the micro moves or you will get taken out of nice big picture patterns. Here are a few exaples of weekly patterns we have taken over the last several weeks in the Trading From Main Street Weekly Newsletter.


UTEK from the 4/28 newsletter, long above $26.75. Has produced over a 30% gain.

VSH from last weeks newsletter. Long above $22.

QQQ from the 4/1 newsletter. Long over $44.

Brandon