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Old 12-21-2006, 09:10 AM
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Intraday Technical Patterns
I was listening to an interview by Peter Reznicek today and found one of his comment particulary interesting.

I am not a candlestick pattern trader but he mentions how day traders focus too much on trendline breaks, channel breaks, and candlestick patterns on too short of a timeframe. He mentions how these technical patterns are only valid on a 15 minute or more timeframe.

I also agree with his comment. I am not particulary fond of price patterns when day trading. Any thoughts?

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