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<DIV>Real Traders,</DIV>
<DIV> </DIV>
<DIV>I could use some help determining the best use of multiple time frames when
daytrading. I've been trading 5 minute bars without much regard to any
other time frame. That means I have been disregarding larger trend and I
see that as a mistake. </DIV>
<DIV> </DIV>
<DIV>I am looking now at 20 minute bars, using a fairly fast stochastic as a
trigger. I'm trying to look at 60 minute bars and dailies as the set-up...
meaning if the daily is up and the 60 is up, then I get in when the 20 turns
up?</DIV>
<DIV> </DIV>
<DIV>Another possibility is to watch the 20 with both a slower stochastic
and a faster one. If the slower remains an open signal, then use the
faster for entry and exit. This is provided the daily and 60 are up.</DIV>
<DIV> </DIV>
<DIV>Or do I skip the daily and use a combo of the 60, 20 and 5 for entry?</DIV>
<DIV> </DIV>
<DIV>As you can see, I'm stumbling around in the dark here. It hit me like
a brick on Friday that despite all my progress over the last 2 years, I was
still ignoring trend. I have learned to have no opinion as to direction,
but my natural optimism sneaks in and blinds me, allowing me to take signals
that are really counter-trend. I find myself trading reaction rather than
action these past few days. I'm buying the same rally that the smart money
is selling. I'm the dumb money!</DIV>
<DIV> </DIV>
<DIV>I also have a preference for the long side. I had a devastating loss
on a short trade and am still working to over the fear associated with
shorting. But when the dailies are showing a long downtrend, I want to be
there too instead of swimming upstream with weak buy signals.</DIV>
<DIV> </DIV>
<DIV>Your continued help is appreciated!</DIV>
<DIV><BR>Linda<BR>Swope's Mountain Photography<BR><A
href="http://www.swopephoto.com";>http://www.swopephoto.com</A><BR><A
href="mailto:linda@xxxxxxxxxxxxxx";>linda@xxxxxxxxxxxxxx</A><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>
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