Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Befriend the Trend Trading -- Ignore unavailable to you. Want to Upgrade?

To: MMK who wrote (8841)	7/7/2000 8:55:55 PM
From: booters	Respond to of 39683

MMK, The 3min chart signaled the sell at 10:00 Thursday morning at a price of 53 7/8. I was using a 100e/160s. Using a 100e/160e the time was 11:03 at 52 7/16. The computers only see the MAs as periods, not times, so divide 60 periods (60 min.) by your preferred chart time. So 60(min.) divided by 10(Min.) would be 6. Six times 5MA would be 30. So a 30ma on a 10min. chart should be very close to a 5MA on a 60min chart. If you follow this along you can see that a 100/160 on a 3min is very close to a 5/8 on a 60min chart. The difference as for signals is the ability to look closer, as if by microscope. If you look at a 60min chart through a microscope it jerks along while the 3min is smoother. The MA is progressed along in tiny increments. This way a signal can sometimes be seen earlier, say on the half hour, instead of waiting to the end of the hour or say mid day instead of waiting til the end of the day when the MA goes clunk to the next level in one big move. This doesn't mean you have to trade on a 3min chart, but watching the signal might come in handy. IMHO boots