I think my stop was .40 cents under the buy order or $177.40 and I move my stop up and up as price moves in my direction. All is explained in the course.
I only use the 1 min to daytrade/scalp with but it is not just that it is really the One Minute Bollinger Band that I use...it is the signals that I get from the bollingerbands on the one min.
I don't know about the 5 min thing...at least for my method.
Panda.
Great videos:
Regarding the AAPL trade, as of, May 1, 2008, chart, using the one minute chart, of which I had seen bouncing around.
Questions:
What was your stop loss on this successful trade?
Would you suggest that one use the one minute chart for scalping the higher priced stocks?
SGomes, uses the 5 min chart for scalping, but he mostly trades low priced stocks. What is your viewpoint on this?
Best wishes.
Thank you.
Eddy.
This software is AlphaTrade Egate....email me for broker information.
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