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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Techplayer who wrote (8050)	10/18/2002 11:41:39 PM
From: bramble88	Respond to of 57110

no. time scale would depend on the kind of trade I'm interested in. If a daytrade, then I'd be looking mostly at the 15 and 5min charts; but I have found that even then, having similar divergence patterns on the hourly and daily charts makes for a much more reliable signal (especially the hourly). If a position trade, daily chart would become much more important; in this case time between successive lows to use for divergence reading may be a few weeks. I would not trade on this alone, but try to combine it with support/resistance, chart price/volume patterns, and stochastics. hope that helps.