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Old 12-24-2006, 11:00 PM
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Re: Intraday Technical Patterns

I personally have no idea who the man is until I heard him on the radio show. 15minute for me is way too long and on the other hand scalping is not my style of trading as well. We all have our bread and butter.... for me its one shot one kill type trades.

I have tried scalping but had little success. That does not mean scalping does not work. It just doesnt work for me. I have also tried using 5min, 15min timeframes. Never liked it since I was entering late all the time. I tried using 1minute timeframes.... too much noise. Now Im comfortable with a 233 tick chart and do not place too much importance on time when viewing a candlestick bar. I prefer to see how fast 233 transaction are taking place.

Peter Reznicek was also reffering to intraday techinical patterns. I am assuming you do not use these patterns as a scalper scalptrader? Most scalpers I meet rely heavily on the tape using super tight stops. Always amazed how their execution and entry is flawless. Perhaps you can elaborate on how you identify scalping opportunities? I am definitely interested.

Soultrader

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