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kiy

11/13/12 1:42 PM

#3847 RE: dsp #3843

INTRADAY vs Daily
This is where the real swing trading can be...you are swing trading the 30/60 minute overbought/oversold=suggest overbought you take 1/3 profit or 2/3 profit and let the other 1/3 ride with daily...then when intraday gets oversold you re-load and continue ride with daily...
Daily is a cycle of its own=overbought to oversold to overbought. your first alert of a potential "change" is the signals from the moving average on the CCI indicator...asks you for an assessment of the daily cycle...
So what you're seeing now is intraday noise trying to reset and get in line with the daily bias...so if you have a 5% profit it is a good idea to sell 1/3 or 2/3 and reload when get the chance...profit can be used as a hedge for the other 1/3 so you buy some puts and can stay with 1/3 position on daily chart=you are long term "long" for as long as you want...basically its some of what I do with the S&P trades,,,I reload with more shares having taken profit 2/3 -3/4
or more...
Enjoy