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Strategies & Market Trends : DAYTRADING Fundamentals
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To: OZ who wrote (5123)11/2/1999 4:27:00 PM
From: Eric P  Read Replies (2) of 18137
 
OZ:

The one change is buying intraday highs and stopping
at intraday lows. This is applied to setups on my daily
charts.

I'm not sure I understand what you are saying. Does this mean that you look for good trade entry points off of the daily charts => Once found, you enter the trade during the next day only after it breaks out to a new intraday high on 15 minute chart (or 5 min, etc)? Subsequently, place your stop loss exit order (mental or otherwise) at the most recent intraday low on the 15 minute chart?

I'm not sure if I've understood this accurately, perhaps you could confirm or give us an example of what you mean with this.

Thanks,
-Eric
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