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<DIV><FONT color=#000000 size=2>You should be using three time frames, one above
the one you are trading and one below e.g. daily+weekly+60min or
60min+daily+10min. One above is used for trend, one below is used to time entry,
and one you are trading is used for primary support and resistance. Trading
anything less than daily will likely require that you remain glued to the
monitor.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>Earl</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Linda Swope <<A
href="mailto:lswope@xxxxxxxxxxx";>lswope@xxxxxxxxxxx</A>><BR><B>To:
</B>RealTraders Discussion Group <<A
href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>><BR><B>Date:
</B>Friday, April 09, 1999 6:06 PM<BR><B>Subject: </B>Stocks: need help with
daytrading time frames.<BR><BR></DIV></FONT>
<DIV>TGIF Everybody!</DIV>
<DIV> </DIV>
<DIV>After my first week back trading since October, I'm trying to
summarize what I learned. And learn more!</DIV>
<DIV> </DIV>
<DIV>I was proud of my own patience, waiting for the right trade. I
used to be a "shoot from the hip" trader, over-trading just for
the rush. Little did I know then the real "rush" would be my
money flying out of my account! </DIV>
<DIV> </DIV>
<DIV><EM>What I did right:</EM></DIV>
<DIV>Set my stops and targets before I got in the trade.</DIV>
<DIV>Listened to music instead of CNBC z:^)</DIV>
<DIV> </DIV>
<DIV><EM>What I did wrong:</EM></DIV>
<DIV>Fear kept me out of several trades that did play out just the way I
thought they would.</DIV>
<DIV> </DIV>
<DIV>Sold trade #1 too early... just plain got excited .</DIV>
<DIV> </DIV>
<DIV>Did not sell at resistance on trade #2. Sold at support. Got
nervous.</DIV>
<DIV> </DIV>
<DIV>Increased my stop once I was in trade #3. Gave it one more
level of support to test. (It failed). Got brazen.</DIV>
<DIV> </DIV>
<DIV>Made a quick, though tiny, buck on trade #4. Got it right.</DIV>
<DIV> </DIV>
<DIV>What I really learned is that even though I want to be a swing trader
and capture a larger move, I don't seem to have the patience to watch a
stock for more than a day and a half without getting an itchy trigger finger
and wanting to sell. I also need larger stops for swings and then
don't sleep as well. </DIV>
<DIV> </DIV>
<DIV>So I'm trying to day trade again. I don't have the modem or
nerves for scalping 16th's. I'm trying for a point or more, based on
buying retracements. Here's my question: I can't figure out which time frame
to give the most weight. A 20 or 30 or even 60 minute chart probably
reflects the size moves I'm trying to trade, but I find my entry with the 5
minute charts. Then I find myself glued to the 5 min. charts again,
watching for any little nuance in price. I trade more price than
indicators, but the different time frames portray the indicators
differently. The 5 minute chart whipsaws the indicators I do
watch, but gives early warning too. </DIV>
<DIV> </DIV>
<DIV>I need to identify my time frame to set realistic stops and
targets and stick to that. I would be comfortable holding a stock
all day. But I keep flipping through the different charts, mentally
changing my objectives as I look at each. Both target and
stop will be based on fib numbers, but I want to complete the
trade in a day. Is there a way to set a target and stop based on
1 day's action? Would you use average true range? Any
comments? </DIV>
<DIV> </DIV>
<DIV>Thanks to everyone who's help and encouragement has gotten me back in
the saddle!</DIV>
<DIV> </DIV>
<DIV>Linda</DIV>
<DIV>linda@xxxxxxxxxxxxxx<BR>Climb
the mountains & get their glad tidings: Peace will flow into you as
sunshine into flower; the winds will blow their freshness into you &
storms their energy, & cares will drop off you like autumn leaves. John
Muir 1838 - 1914</DIV>
<DIV> </DIV>
<DIV> </DIV></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Fri Apr 09 19:42:53 1999
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<DIV> </DIV>
<DIV><FONT color=#000000 size=2>I'm sure there are lots of computer savvy
traders on the list,,,and sorrry to post non-trading topic here.</FONT></DIV>
<DIV><FONT color=#000000 size=2>I've been saving all the important emails in a
folder under inbox in Microsoft Outlook Express.</FONT></DIV>
<DIV><FONT color=#000000 size=2>Today,,while I was a medicine
head,,,,erased/removed the folder accidentally,,,and couldn't find it anywhere
(not in deleted items folder,,nor in recycle bin either). </FONT></DIV>
<DIV><FONT color=#000000 size=2>If there's anyone who knows how to recover this
mistake,,,please help.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Outlook Express verion 4.72 and Windows
98</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>Many thanks in advance and sorry to bother
others.</FONT></DIV>
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</x-html>From ???@??? Fri Apr 09 19:43:28 1999
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Date: Fri, 09 Apr 1999 19:30:58 -0700
Reply-To: ericrogers@xxxxxxxxxxxxx
Sender: owner-realtraders@xxxxxxxxxxxxxx
From: Norman Phair <ericrogers@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: Off Topic
References: <033501be82e9$c7fd2700$e93cb3d1@xxxxxx>
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Kenin:
Do you have Norton Utilities? If so it should be in there.
Norman E.
> Kevin Shin wrote:
>
>
> I'm sure there are lots of computer savvy traders on the list,,,and
> sorrry to post non-trading topic here.
> I've been saving all the important emails in a folder under inbox in
> Microsoft Outlook Express.
> Today,,while I was a medicine head,,,,erased/removed the folder
> accidentally,,,and couldn't find it anywhere (not in deleted items
> folder,,nor in recycle bin either).
> If there's anyone who knows how to recover this mistake,,,please help.
>
> Outlook Express verion 4.72 and Windows 98
>
> Many thanks in advance and sorry to bother others.
>
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