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 : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (7165)	1/15/2006 4:58:00 PM
From: chowder	Read Replies (2) \| Respond to of 13449

>>> I thought almost all your trades were only to be 2-5 days in length. <<< Most of my trades are. Last year that's all I shared. Last year I wanted to focus on the 2-5 day time frame to show how much of an impact that time frame can have on a portfolio. Most people don't know how to trade that time frame, that's why they stick with long term trades. Those same chart patterns that work on the short term time frame, also work on the long term. The difference is in the chart you use. Instead of daily charts, you look for the patterns used here on the weekly and monthly charts. Sharing other time frames during this learning process would have taken the focus off of trying to show people how to take advantage of the swing trade. >>> Regarding your 3-5 bar pull back pattern relating to FDX - <<< My 3-5 bar reversal pattern doesn't apply to FDX. The pattern did not set up off a recent price high. (A recent price high must be at least a 30 day high or more.) You may get a bounce off of the 50 day moving average. Some traders will anticipate that bounce and buy without price trading above a previous bar's high. Keep in mind, once price trades below the 50 day moving average, FDX is shortable, so placing your stop just below the 50, is the prudent thing to do. >>> On your 7 deadly sins of trading - rule 3 you talk about not changing time frames - phil grande was a professional trader and market maker and he seems to do this - not locking himself in to a range of time and just riding the trade from days to years even Rule 3 was saying do not change your time frame to camouflage a loss. If you bought off a swing trade pattern and the swing trade time frame is showing a loss and has passed your stop point, the deadly sin is in saying I think I will now change to a long term position. Message 22004897 And who is Phil Grande? dabum