Normal
Kenna's.I'm not really suggesting that if the longerterm signals a bullish breakout then thats what we should be looking for in all timeframes. As we drill down lower in timeframe we will see both bullish and bearish trends within trends,and breakouts preceeding many moves.Trade each timeframe.Michael.I presume your talking of a conventional braekout from support or resistance.Pattern Breakouts,Range Breakouts and Volume Breakouts are less explored.Even gaps can be placed in the breakout basket.Add to these timeframes (Have you ever thought of using say a 2 day bar chart?) and correlation of signals become remote.Like you I have no definative evidence to support success other than my own trading and observations. If your going to have a trend of any sort in ANY timeframe price will breakout of something!
Kenna's.
I'm not really suggesting that if the longerterm signals a bullish breakout then thats what we should be looking for in all timeframes. As we drill down lower in timeframe we will see both bullish and bearish trends within trends,and breakouts preceeding many moves.
Trade each timeframe.
Michael.
I presume your talking of a conventional braekout from support or resistance.
Pattern Breakouts,Range Breakouts and Volume Breakouts are less explored.
Even gaps can be placed in the breakout basket.
Add to these timeframes (Have you ever thought of using say a 2 day bar chart?) and correlation of signals become remote.
Like you I have no definative evidence to support success other than my own trading and observations. If your going to have a trend of any sort in ANY timeframe price will breakout of something!
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.