If I'm at the computer trading stocks intraday, I tend to use a
5 minute chart for my entry. In my opinion, patterns and
breaking of resistance levels in this timeframe offer up reliable
entry points. When and where to exit a position (placing the right
stop) is more difficult to gauge; still working on that. I
tend to play high beta stocks. Being a skeptic by nature I often
place my stops too tight. Reducing position size allows me to place
wider stops. Learning through experience; there's no better
way.
yep thanks for sharing, I use 3 and 5 min charts intra day all
the time
for daily setups that I like, I'll look at 2hr, 60 min, and 15
min charts to see if I can see additional patterns that I can use
as triggers such as bull flags, wedges, trendlines, higher lows
where I can place a tight stop
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If I'm at the computer
I took a position in CIB yesterday based on KISS ...
Posted by RichieD on 25th of Feb 2024 at 04:31 pm
If I'm at the computer trading stocks intraday, I tend to use a 5 minute chart for my entry. In my opinion, patterns and breaking of resistance levels in this timeframe offer up reliable entry points. When and where to exit a position (placing the right stop) is more difficult to gauge; still working on that. I tend to play high beta stocks. Being a skeptic by nature I often place my stops too tight. Reducing position size allows me to place wider stops. Learning through experience; there's no better way.
yep thanks for sharing, I
Posted by matt on 25th of Feb 2024 at 05:34 pm
yep thanks for sharing, I use 3 and 5 min charts intra day all the time
for daily setups that I like, I'll look at 2hr, 60 min, and 15 min charts to see if I can see additional patterns that I can use as triggers such as bull flags, wedges, trendlines, higher lows where I can place a tight stop