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Strategies & Market Trends : Charting & Technical Analysis for Stock Indexes -- Ignore unavailable to you. Want to Upgrade?

To: aldrums who wrote (40)	11/16/2001 9:41:50 AM
From: Brandon	Read Replies (3) \| Respond to of 211

Speaking for myself, I tend to sometimes have a hard time on options expiration when compared to a "normal" day. However, if you focus on the bigger time frames and then use the smaller ones to gauge your exits as Chris also does, you will have less of a problem. So for example lets pretend we have a bull flag in ADBC on the hourly chart which is coming to support..in the smaller time frame, say the 2 minute chart..we see that ABCD has started to form a small uptrend, its above the 20ema and is pulling back to it. In this case your risk is going to occur on the 2 minute chart, but you have the potential that is in the larger time frame. So, while my percent of stop outs is higher on Options Expiration, the risks are always very low because of using the smaller time frames. I know that Chris does the same thing because he is the one who really encouraged me to start looking at 9 timeframes at a time and using as many of them together as I can. Another added bit about the potential in todays trade is that we have gotten into a pretty low volatility situation (look at a 15 or a 30 minute chart of the SP500) and yesterdays range was the narrowest of the last seven. This is often something you see before a trendday, on which trading tends to be fairly easy if you are prepped for it. Brandon