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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: ok1day who wrote (24224)	11/6/1999 10:45:00 AM
From: stan s.	Respond to of 108040

Indicators. Hi Ossnat, I pretty much take what the charts willing to tell me. In this case the RSI (esp on the 5 min.) served as a little stabilizing confirmation for the Stochastics. Sometimes I don't use any of what I showed on that chart. When the Bollingers aren't telling me anything...at times I'll rely on MA crosses etc. MACD sometimes etc.... Unfortunately instincts have to play a part as well. Remember you can change the parameters to put a little more life in the indicators. Shorter, generally more volatile...again depends on the stock. Candles are some benefit too...with confirmation. Can't put too much reliance on any one thing. Volume remains the key on one minute and 5 minute blocks. Every chart intraday is a little different, you have to be willing to look fast and move quickly. By the way (as you know) most of my trading is short term position trading...3 days to 3 weeks. I don't want to give the impression that I rely on or advocate day trading. Can be very dangerous. Money management and playing only 10% in a stock is even more important here. Hope all is well with you. Stan