Al, the market was cold today. When it's cold I use single touches on the 15 min chart. When the market is hot switch to a longer time frame chart. Just depends on what time frame you want to trade in. The shorter the time frame the less probabilty the trade will work out.
There were 3 trades today on the 15.
10:15 bar buy BGU 13:30 bar sell BGU buy BGZ 15:30 bar sell BGZ buy BGU
Sell BGU before the close because daytrading buying power is exausted..lol..Daytrading margin calls suck.
If you don't have $25k cash in your account and a margin account you can't daytrade like this. You will have to hold overnight.
The 30 min chart requires overnight holds to play out.
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