Be Calm Grasshopper

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July 14, 2008

I’m not panicicking or even sweating. Be calm grasshopper, be calm self.

Lets see what materializes into the close and forget this BS that is happening this morning.

The real test will be to see how the market closes on Friday.


Tags list
  • http://www.stockkevin.blogspot.com Kevin H

    What time frames do you trade? I’m curious because I’m more concerned how each day closes than waiting till Friday’s close.

  • http://www.stockkevin.blogspot.com Kevin H

    What time frames do you trade? I’m curious because I’m more concerned how each day closes than waiting till Friday’s close.

  • http://www.stockrake.com Sensei

    I trade all time frames. My screen has a 5min, 15min (which I have minimized and never look at), 30min, 60min (which I rarely look at), daily, weekly, monthly (which I only look at for those big swing trades ie CROX, DRYS, etc. more on that crap here:
    http://www.stockrake.com/chart-fest-726~2007~07.html)

    Big decisions come from weekly charts.

    Intraday decisions come from 5min and 30min charts.

    Daily charts have special circumstances that I look for (break up above 21dema after resting on it, yada yada), other than that I find the daily chart to include a lot of noise. This is something that I’ve learned (or personally just works for me) over the last 7 years.

  • http://www.stockrake.com Sensei

    I trade all time frames. My screen has a 5min, 15min (which I have minimized and never look at), 30min, 60min (which I rarely look at), daily, weekly, monthly (which I only look at for those big swing trades ie CROX, DRYS, etc. more on that crap here:
    http://www.stockrake.com/chart-fest-726~2007~07.html)

    Big decisions come from weekly charts.

    Intraday decisions come from 5min and 30min charts.

    Daily charts have special circumstances that I look for (break up above 21dema after resting on it, yada yada), other than that I find the daily chart to include a lot of noise. This is something that I’ve learned (or personally just works for me) over the last 7 years.