2 Responses

1. Kevin H

   July 14th, 2008 at 8:58 pm

   1

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

2. Sensei

   July 15th, 2008 at 12:51 am

   2

   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.