Replies to post #5940 on Option and Stock Trading with sdh

[Breakout]

I use, and I know, other us different ones, 10m, 60m and daily charts. I use a weekly to confirm the daily overall trend. If you look at a 60m with a macd and adx you can see how the first pinch play setup on this chart. Let me konw is you dont see it. It bounced and then came back down. Now it waits for the next leg but the 60m is not ready yet. So dail into the 10ma shows the bollie tighten and price is flat. Watch for that 50ma come in and swoop under/fish-hook the price and sweep it up and confirms a new recent high.

So now the 10m is the early warning indicator once it moves up then switch to the 60

[Breakout]

MTT just posted some C charts and it is going through the same possible change move like deck did. Watch how he looking at the play to setup but it still might fail but we are waiting. Once we have a setup then we look for a trigger point or confirmation. The longer we wait the less risk there is that the trade goes against us. This works on all chart timetables.