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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: Rashid Garuba who wrote (12117)	12/11/1999 7:55:00 AM
From: dealmakr	Read Replies (1) \| Respond to of 59879

Hi Rashid, I have 3 accounts, Brown&Co., Yamner, and NDB. I would recommend Brown and Yamner very highly for speed of execution. NDB has too much stuff on their order entry screen for my slow bandwidth. L2 I also use to see the depth of the market and who the real players are, but you are right about the stock having to confirm the move based on the chart for a swing trade most of the time, unless driven by an event such as a news item. Good Trading Dave

To: Rashid Garuba who wrote (12117)	12/11/1999 6:39:00 PM
From: Mike Sawyer	Read Replies (1) \| Respond to of 59879

Hey Rashid! Isn't TA fun?! When I was growing up I loved the game of chess. When I got into the computer field and started working on hardware and software problems I grew to love it because it was like a game of chess to me. Now I am heavy into understanding the way stocks move and the technical analysis that unlocks those secrets. What will my opponent do next? What will he do if I do such and such. What will I do if he does such and such. To me it is the ultimate game of chess. Once you master this ultimate game of chess, you are paid very well. Someday I hope to be as good as some of my TA-Heros. As for the 1 minute charts...yes, they are very volatile. On some stocks the 1min is hardly worth looking at. But if a stock has very good volume I find that the 1 minute chart can get me alerted to a possible change in direction before anything else. I agree that the lower time frames for a swing trader should only be used to confirm what he sees in the longer time frame charts. But I have also been finding that the 1 minute chart can be very useful for micro-trading on some volatile high flyer stocks. For instance, I have been paper trading DCLK and INKT for about 4 weeks. I have traded lots of 100 shares. I have almost been able to double my take on these stocks by using the 1min chart. For instance, when the price of the stock has risen $25 in one day I was able to take $46 off the table by playing it in and out on the 1min chart. The longer time frame charts gave me the overall direction so I knew which way the momentum was going to carry the price. But I was able to pull out when the indicators peaked and the Bollinger Bands confirmed a change was likely. I have not used ADX enough to understand it fully. That is one indicator that I need to find a good tutorial for. Any thoughts? Mike