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Strategies & Market Trends : ONLINE VIDEO TRAINING FOR READING MULTIPLE TIME FRAMES

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To: Chris who wrote (3)	11/20/2001 2:55:07 AM
From: chartwiznyc	Read Replies (1) of 19

Thanks Chris.........do i use break even stops ? When I enter into a trade, I have 2 things in mind, #1 is it a short term scalp only ?? or is this a short term entry for bigger pic trade........follow ? ON the attached chart , you have a choice, for my chatroom I gave buy divergnce at 2:45 pm on 5 min & also support on DIA larger time frame with at least a retest up to 99-99.50 highs. ON the RALLY I gave "scalpers take profits" all others working 120 min chart buys still have UPSIDE targets to work to., cause you could see this on 120 min chart, i have a 90 posted for you to see clearer......... So.....break even stops.......soon as I give scalpers exits & bring all stops to break even for those still in the trade for bigger move. On todays afternoon retracement, this was a pure 5 min trade so your trade was for a retest up only & for scalp trade only, not same as fridays BUY for 5 min scalp & 90 min buy.........get it ? SO break even stops....depending on your game...I dont make scalps use break even stops usually because any move in our direction 30-+ cents I am giving exits BUT if have larger targets I give them, I try to incorporate short term entries with bigger pic target this is why we have huge moves from our calls many times.....its that synnergy I use that many cannot relate to......imagine, buying for a 5 min scalp & getting a swing trade ? this is what i am doing for my traders....my risk is minumal & potential is incredible....TODAY we had that gap up & if your long your taking profits into first upside & Then look for bullflag....see how it formed ( look at link to see chart) ??? it gave 38-50% retracement into kley support & with the TRIN at .54-56 all day...we had NO sellers in market....where you comfortable buying into retracement ?? yes why ? low trin for one & also YOUR TREND IS STILL BASED ON ??? 120 min charts BUY from friday...dominante trend is larger time frame & you have bullflag within 120 min trend up.........look at the exlosive move it made !!!!! remember,, short term scalps only give you just that short term entries for larger term ideas give you explosive scalps & larger moves Chris I posted this message on the link also so you could read it & see the chart idea...... stocktrendwizard.com 3am forgive my spelling errors to tired to fix em

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