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I only use support and resistance for setting buy points and stops when
other indicators suggest a move however I believe on active stocks minute
charts say 60 minute charts down to 10 minute charts or a point lack of data
produces a decent chart, look a great deal like daily charts. The only
problem with trading the support and resistance on shorter term charts is
the moves are shorter from support to resistance.
Jimmy
-----Original Message-----
From: Dr. John Cappello [mailto:jvc689@xxxxxxxxxxx]
Sent: Friday, April 07, 2000 10:02 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Trading Question
As you may know one of the ways I like to trade is via S & R.Usually these
are end of day and numbers used for the following day in the most volatile
markets.
My question is whether or not anyone has experimented with intraday S & R on
an hourly basis i.e. using the prior hour OHLC to establish S&R for the next
hour or taking any other intraday time increment to establish S&R to trade
the next time increment.
Always seeking thoughts ideas and comments,
John
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