My first trade was at 750.8 @ approximately 9:30 a.m. This was stopped out for no gain or loss, (752.70), when there was a brief bullish counter trend. The bullish counter trend ended and I went short again, at about the same level, @ 752.3. It was about 11:50 a.m. EST. The 60" and 5" charts were back in synch. I covered at 750 with the next counter trend (which I should have ignored) for 53 ticks. I went short again at 745.2 at about 1:45 when the charts were back in synch and covered as support (which I could see by watching the intraday P&F chart) @ 737.80 at 3:30 for 74 ticks. These times are approximate and more precise entries and exits could have been done. If I had stayed short all day, I would have made more money.
Chico
The moral of the story is to choose two time frame, and make sure the faster time frame is in synch with the slower, more dominant time frame. Make sure you are trading with the trend.
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