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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Don Pueblo who wrote (47)6/6/1999 9:32:00 AM
From: TraderAlan  Read Replies (3) of 18137
 
TLC,

<I know of no professional day traders that pick their target stocks from a computer program>

I guess you just met one. About half of my day trades are based on setups located using computer scans on daily price bar charts. The other half are simple setups that pop up on 1-min and 5-min charts.

Using daily data to coordinate intraday trading can be a very powerful way to find moves that are occurring in multiple time frames. These tend to be more powerful and predictable, especially for the day trader.

Alan
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