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Message: Re: Out At $1.63 - Claude

Apr 21, 2011 11:51AM
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CGB
Apr 21, 2011 12:26PM

Apr 21, 2011 12:36PM
2
CGB
Apr 21, 2011 12:51PM

Apr 21, 2011 01:42PM

Good question George. The different time frame should be regarded as your investment time line.

If you're a day trader and want to scalp, you probably looking at a tick chart (each price movement is a tick) or a 1 minute chart. Here you're in and out with in typically 3 to 5 minutes.

If you're a daytrader you're probably looking at a 1, 3 or 5 minute chart. You in a play for 5 minutes to maybe 30 minutes to an hour.

If you're looking at a daily chart, you're most likely a swing trader (which is what I really am). These plays are 3 days to 3 weeks I like to say.

Weekly charts your now a position trader. You investment time line is measured in months, not days. Although I do often look at weekly charts to guage the trend of a stock and then play it on a swing trade.

Hope this helps.

Cheers!

PS: Intraday support has now moved up to $1.62 with an over sell of $1.60 on INT. I was again on the bid at $1.60 but didn't get filled this time. $1.66 seems to be resistance.


Apr 21, 2011 02:05PM

CGB
Apr 21, 2011 02:33PM
1
CGB
Apr 21, 2011 02:57PM
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Apr 21, 2011 03:07PM
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CGB
Apr 21, 2011 03:21PM
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