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lowtrade

04/15/05 12:20 PM

#1039 RE: william2112 #1037

william2112 ADD to post! That 5 minutes is when you watch the tic by tic to confirm the direction it's moving!If it continue up after being down comformation ocurrs else, chicken out and watch as it proves you were right the 1st time.LOL

Using my home brew daytrade DMI indicators is a risky business,just because of what you said. But people that day trade 10ths of a penny for thousands, have big bal-s anyway. If you use the 1 day chart at 5 minute setting, you have 5 minutes to determine if the order was confirmed enough to jump. Which can be to long on a run, but usually OK on a daily trend reversal!

Re read post#838