william_h
10-14-2009, 08:16 PM
Hi Neal
I have a question about comparing charts. Since I swing/position trade, I place my entries and exits on the daily charts, based on the trend of the weekly charts. I believe your seminars state that you want both of these charts to be in sink with each other for an optimal trade.
Is this the TRSI indicator you’re referring to, and can I use a monthly chart for a daily trade if I can’t find a chart with both TRSI’s in sink on the daily and weekly charts?
I believe the charts I included show what you’re referring to about the TRSI’s being in sink.
I know we buy on the pullbacks, but by the time a pullback occurs on the daily chart, the stochastic is usually in an overbought level, or beginning to cross down.
I have your seminar package and will keep reviewing.
Yours truly,
Bill
I have a question about comparing charts. Since I swing/position trade, I place my entries and exits on the daily charts, based on the trend of the weekly charts. I believe your seminars state that you want both of these charts to be in sink with each other for an optimal trade.
Is this the TRSI indicator you’re referring to, and can I use a monthly chart for a daily trade if I can’t find a chart with both TRSI’s in sink on the daily and weekly charts?
I believe the charts I included show what you’re referring to about the TRSI’s being in sink.
I know we buy on the pullbacks, but by the time a pullback occurs on the daily chart, the stochastic is usually in an overbought level, or beginning to cross down.
I have your seminar package and will keep reviewing.
Yours truly,
Bill