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Strategies & Market Trends : Chart Formations -- Ignore unavailable to you. Want to Upgrade?

To: sean sanders who wrote (828)	7/30/2005 1:37:35 PM
From: Casaubon	Read Replies (1) \| Respond to of 967

see my opinion on stops in my other message. One caveat: this is an index so it is possible to use tighter/harder stops. One other caveat: I don't put much weight on that timeframe, unless it is the resolution of a very well defined pattern play. For example, if a falling wedge is clearly defined over several weeks and you watch the fifteen minute chart resolve up through the resistance line on meaningful volume. IMO, people can be a little cavalier about choosing actionable points. Also, it's very time consuming to be watching the market that closely! 2. Actually I have another question here; where's the best place to place a stop if you would enter at 10042 at the close of the large white candle? Whould it be below the doji hammer body? or below midpoint of the large white candle body? If the white candle was extremely high volume, you could use the mid point. Otherwise, the real candlestick "in play" is the bottom of the hammer, IMO.