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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Redmond Quain who wrote (9105)	6/23/2000 10:03:00 AM
From: booters	Read Replies (1) \| Respond to of 18137

Redmond, <several different stories seen in different time frames> Very true. It is interesting to see other peoples read of the same pattern. Always new ideas to learn from. Alan's idea of trading failed patterns has opened up a new area for me. In the past, if a pattern failed I went to look for another one. I myself have found that 15 min. charts for me are the shortest I can use and still get reliability. I do use a 3 min. chart for timing but timing only. What I try to find is a desirable pattern in the daily chart and then move down to smaller time frames. Each one hopefully reinforcing the other. If they all line up and tell the same story then the risk is usually much less. As for the chart we used for the MSFT discussion I was looking at a 5 min. I believe that is also the time frame in the chart Alan used for the example. boots