wow, such a dynamic move today. Congratulations!By the way, trying to understand more about your approach. Is it good for hours charts?I know you mainly trade on daily chart....thanks.
in thoery, it should work, but i never traded on hourly chart. i use 5 min chart to pinpoint my entry.
so you search for possible break out in daily chart, and then sharp your entry point by using 5 minutes chart?then how to exit? using 5 minutes chart as well?sorry for asking too many questions. I am still digesting your method. :-)It is really good so far. That RDWR is really unbelievable!Congratulations!
i use daily chart, sometimes weekly chart to exit, by looking for the resistance level. if daytrading, i will use 5 min chart.
you do daytrading as well? I thought you are pretty much of swing trade style.........I used to use 1 min chart to try daytrading, but the result is not so beautiful.....so you use 5 minutes charts, how do your daytrading so far?thanks.
i m not a typical daytrader, i only daytrade when the profit is too good in a short time of period, like JOBS today. i run a daytrading firm in beijing and i know how hard and frustrated to trade with 1 min chart. daytrade is a tough business, much tougher than swing trading. i would say to normal traders, stay away from daytrading. tougher biz, smaller profit, why bother?
Very good comment. yes, I gave up 1min chart trading, now try to test if 5, 10, 15 minutes work better...lolBut still you are right, swing trade is more stable and less noise. I am trying option strategy as well, not so good, but it is good in a trendy day.
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