Little Chico-I have Elders book and used to refer to it often. I know that Nocona took a lot of small losses trading the 5 min chart. I am guessing that by trading with the trend like you suggest, most of the losses will go away.
I am still watching the 10 min chart also. It appears that when the 30 min chart looks like a turn is coming, changing to the 10 min chart can give a much better entry. Haven't been many turns lately, so not much data yet. I still like the 30 min chart for exits. Fast to enter and slow to exit may be key. However, I am very satisfied with the current 30 min gains.
May get a chance to trade today, it has been raining here for over 24 hrs hard, so not much going on outside.
Jon
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