Thank you Steve. Of course you are right but not all of us have
the time to follow a 5 min Chart. I see your point with GTIV, but
sometimes I have to set an entry and a stop before the opening and
let it go and hope for the best....
Suppose the only way for people who trade daily or hourly charts
is to work with wider stops....
As I stated below, I prefer to see a pattern form on the 60
minute chart vs a 5 minute chart. I don't have time to monitor many
things on a 5 minute either. Thus, until you see such a pattern
and/or trigger on a larger time frame then be patient or wait for a
volume expansion break of resistance.
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Thank you Steve. Of course
$NYMO divergence
Posted by zwyss on 11th of Jan 2013 at 08:31 am
Thank you Steve. Of course you are right but not all of us have the time to follow a 5 min Chart. I see your point with GTIV, but sometimes I have to set an entry and a stop before the opening and let it go and hope for the best....
Suppose the only way for people who trade daily or hourly charts is to work with wider stops....
As I stated below, I
Posted by steve on 11th of Jan 2013 at 08:44 am
As I stated below, I prefer to see a pattern form on the 60 minute chart vs a 5 minute chart. I don't have time to monitor many things on a 5 minute either. Thus, until you see such a pattern and/or trigger on a larger time frame then be patient or wait for a volume expansion break of resistance.