Replies to post #1377 on Ask Vendit Off Topic Questions

[Vendit]

Here are a few good educational links, which you can find at any time in this thread’s header.

http://www.intelligentspeculator.com/

General chart education link.
http://www.stockcharts.com/education/index.html

I use in order of importance; Stochastic, Japanese candlesticks, Williams R%, Money Flow, MACD
http://www.stockcharts.com/education/What/IndicatorAnalysis/index.html

Trend lines show you support and resistance area down to the 1/100 of a point if you use the proper tools.
http://www.stockcharts.com/education/What/ChartAnalysis/trendlines.html

The only thing that you need to know about I,5,15,30,60 minute time frames are that the indicators are applied and used in the same way that you apply and use them in a daily or weekly time frame.

I generally look at a 3-month daily snap shot and them begin to zoom in on a developing trend reversal, top or bottom, from daily to 60, 30, 15 and 5-minute frames. Think of it as using a telescope to look at the moon from a distance.

You start out using a low power eye piece just to locate and focus in on the moon, you then increase the eye piece power as you zoom in order to see greater detail with each step up in eye piece power.

My point is this, if you are day trading use 1 and 5 minute charts intra-day.

If you are position trading use all of the above.

IMO of course.



Reid