IchibomB's stuff - Page 26
Tried to send via PM and it won't go through. Let me know if this is right please.
yep, that's correct. If your comp can handle it, I look at all three to give me a complete picture of
price rotation/distribution on those three levels (daily, weekly, monthly).
The reason I used the 30min for the weekly and the 2hr for the monthly is because they both
give me about the same amount of bars as my 5min chart with the daily profile.
Man, did I fall into it today. It was just plain crazy but I was looking at ZF and I thought maybe it would be a good time to short and at the same time I would keep my finger on the bail out button. I made the trade and I don't think more than a couple of minutes later it started dropping like a rock. I came close to catching the high and low.
I figured if I was wrong there would be no point to lowering the stop. My mistake was placing the stop, which I normally don't do. I am just being over protective after the $750 loss on Fri. even though I have almost made it back.