Befriend the Trend Trading Message Board

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Strategies & Market Trends : Befriend the Trend Trading

SPY 684.45

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Dec 4 4:00 PM EST

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To: Ken Adams who wrote (38225)	10/20/2005 2:58:02 PM
From: beckya	Read Replies (1) of 39683

If I'm trading off a 5 min chart I also watch a 1 min and, for instance, a 15 (or 20) min chart. The three charts help me better track the trend and support and resistance. Keeping an eye on charts either side of the main (5 min) chart also calms me some when the position appears to be moving against me, but may just be approaching or challenging support or resistance. This will sometimes enable me to stay in a trade longer and gain a larger portion of the price movement. Just covered last trade for today, short ER2, 634.9 to 628.8. Art is almost always good therapy. BeckyA

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