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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: ratan lal who wrote (1185)6/22/1998 7:25:00 PM
From: OpenMind  Read Replies (1) of 2120
 
ratan: What you are proposing seems like a triple screen, i.e., use the higher timeframe to confirm the trade in the direction of the trend. But the methodology seems backward though, the ticks will move a long way before they are reflected on the 5 min and 30 min chart, could you please clarify the steps involved again.
Thanks,
OM
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