Stock Attack -- A Complete Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack -- A Complete Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Chris who wrote (22436)	3/25/2000 1:56:00 PM
From: Robert Graham	Read Replies (2) of 42787

Are these intraday swing trades or the more classic multiday swing trade? :-) What I think of as intraday swing trades is a trade that is setup, entered, and exited on an intraday chart. The trade may end up lasting more than a day, but then again it may not. Here the trader is not taking advantage of that 2-3 day swing pattern that is espoused in the Taylor Method. The trader is taking advantage of swings that show up on the intraday charts, profiting from price movement between swing points that would provide the trader with more significant gains than a scalp type of trade. And there is the possibility that if money management permits and the pullback turns out to be small, the trader can continue in thier trade. This is the approach more like what I use in the market using the 5-min intraday chart with short and long type of price targets. But I will take my money on a pullback that I would consider can work out to be relatively substantial, or on a profit that has netted me good money quickly. I am always willing to grab that profit. :-) I save scalp type trades in the shorter time frames in congested markets. But I never scalp on the 1-min or for only 1 or 1 1/2 points since my initial stop loss is frequently at 2 points from the entry. And this trading really requires a different kind of mindset that requires rock solid focus and discapline to trade successfully. I find on very extended moves a good guideline to use is a displaced moving average. Stochs in multiple timeframes can be helpful to determine "virtual" points of resistance along with price projections taking into account preexisting S&R works for me. ROC can work also, at times better than the Stochs approach. It depends on how these indicators set up as the move progresses, and how the market responds to their signals. I use whatever I think will work. I do place a priority on price projections and preexisting S&R, and following how price action unfolds toward its anticipated destination. This is in part an intuitive process. Bob Graham

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next