Tuesday, September 11, 2007

Tuesday was good

One thing I've been watching for about 2 months is both the 3 minute and 5 minute YM chart side by side. I have been practicing taking scalp trades off the 3 minute chart and finding decent success with that. Today I took 2 YM 3' scalps, 1 5' CL trade and 1 5' YM trade, all winners. We'll see how well that continues to go but it's an interesting thing to watch. Sometimes I can get into moves with valid patterns on the 3', whereas the 5' doesn't provide a valid entry.

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