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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (25956)	6/23/1999 5:28:00 PM
From: SE	Read Replies (2) \| Respond to of 44573

I actually use a lot of variations....sometimes scalping off the one minute, or trading off the 5 or 10 or 30 minute for longer trades. Most my fork work is off of 30 minute charts with the 5 minute for entries. My main system is up on a 10 minute chart.... and occassionally I look at a daily to get a bigger picture. Trin and TICK have their own characteristics to trade off of. One way to trade the TICK is when it is down a bunch and recovers to the zero line, go short for a quickie scalp short. Or if up a bunch and comes back to the zero line, go long for a quickie scalp long. You can set up ranges on the TICK and trade those......or moving averages. I have a 50 period ma on the one minute bars and watching the action as the TICK approaches that can get you long or short. You have done well with the forks alone...why are you adding complication to your life? Find something that works for you and stick with it. :) -Scott

To: Chip McVickar who wrote (25956)	6/23/1999 9:55:00 PM
From: Gregory Che	Read Replies (1) \| Respond to of 44573

Chip, I pretty much use the 5 minute charts on the S&P, although I will look at a 30 minute and then a 10 minute to gauge the strength of a pattern I trade. I also find it helpful to go into the day with a bias, like today for example. On TRADEHARD.com they had 5 of the bias indicators pointing down, there for I was able to capitalize on the downtrends of my patterns more effectively. Ironically, this was the first time I have ever seen this happen and therefore went in to the day with a downward bias.