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swing_trader

06/04/11 2:00 AM

#4039 RE: ParadiseRoad #4031

I think you misunderstood me and i should have worded it different. When i said it means nothing i meant that it means nothing to me because i dont use those indicators you are using. I have been swing trading for almost 9 years. The guy that taught me to trade had taught me to trade certain patterns with certain indicators. I mostly only trade coal and offshore driller stocks. The only time i trade pennies is pretty much on bounces. I never trade a penny unless there is a third bounce. LEXG is showing me a third bounce off an acending trend line on the yearly chart. I always look for patterns on the yearly chart first then go to the hourly weather trading pennies or quality stocks. Thats just the way i have traded for so long. It has kept me in the money so i pretty much stick with it