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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: bobby is sleepless in seattle who wrote (10588)	8/20/2000 2:31:21 PM
From: bobby is sleepless in seattle	Read Replies (1) \| Respond to of 49816

Time frames...hey people. Technical traders tend to rely on many indicaters...adx, rsi, stochs, macd, bollinger, obv, vix, R2D2, C3PO... only to find that it adds to massive confusion for the average trader....the experienced may have come to rely on the combination of several....hey, that's cool, as this will aid in making buy/sell decisions with conviction and confidence, very crucial to success. The shorter the time frame, the more these studies may have importance. For me, out the window with most and rely on less...May I add the significance to follow intraday broader average(s) as this gives me guidance for INTRADAY trading. And to discount its movement discounts profit potential. Thus, you'll see updates here and there on ndx movement. Relevant or not, it works and will remain a trading tool unless conditions suggest change. The bigger time frames...this intraday stuff will only confuse and whipsaw one in and out of positions. Maybe looking for key reversal will give the position trader ideal entry. And what about even a bigger picture????...let's see, interest rates go up, the bears growl...interest rates stabilize, go down, the bear yawns... we've got a meeting around the corner, will rates remain unchanged, are we done til after elections or more?...I dunno, but the lemming in me suggests going long might be the answer...yes, the market will go up and down, with a slight bias to the upside. And nothing more frustrating than missing a massive movement as one sits idle cuz an intraday signal is confused with a larger time frame... use the force...