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Day traders' weekend lounge August 5-7, page-120

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NewbieZ

137 Posts.

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07/08/22

22:49

Post #: 62973648
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Thank you! I'll try and digest all the info
Hope things are OK with you . .. please come back soon ❤️❤️

Originally posted by Veritas2000: ↑

Let me try and drill down on your question...are you asking in relation to a intra-day trading scenario whereby you would be using either say 1,3,5,10 minute candles or daily charts wherein you are daily candles....as there is a great deal of difference between the 2.

Taking my previous example that was as daily candle scenario, wherein the candles were daily.

For an intra day trading situation one looks for areas from which it bounces - this was each day last week for IOU

For a daily candle I will use PLS as an example

I have indicated a good level of support and also use Moving Averages to verify that a Golden Cross is about to come into play. This can signal a very nice upward movement.

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