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Strategies & Market Trends : Ask DrBob

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To: mmance who wrote (14397)	11/16/2000 10:13:41 AM
From: FLACK	Read Replies (1) of 100058

mmance, it's the same idea. You're probably more of a swing trader and while I never use anything greater than 5 minute bars (and trade from 1 miute bars), the principle is the same... trouble is, the market swings haven't lasted more than a couple of days. That doesn't give the swing trader much time/room. Don't know how comfortable you are with intraday trading... sounds like you aren't. But for the fun of it, try watching a five minute chart and use 7 and 17 minute EMAs. You can also add a longer period, like 50 or 60 to get a feel for greater depth of price movement. Add a 14 period slow stochastic and a MACD for intraday movement and crossovers. This is a lot closer to the action than you may be use to. Watch it for a few days and tell me what you think.

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