Day trading pre-market open November 7, page-23

Morning all.

I do enjoy the occasional egg and bacon roll.But if you want to live longer there's two things to give up. Cigarettes and cheese. Neither have any positive value except being addictive.

Charts. Saw a comment in the AM lounge. Seems obvious but you need to look at different time frames. But they need to be interpreted differently. Essentially you are looking at the money flow IN and OUT for the time frame in which you are trading. For a DTer that's as short as possible. A long time frame (5 to 10 years will tell you where the punters are stuck. A short (5 minTF) will let you see if there's momentum.

I know Patterns doesn't rate volume but as far as I'm concerned, if there's no volume then the chart means very little.

Happy Trades