Active Traders

Longer than weekly would be bi-weekly or monthly. If you choose this period you invest for the long term since you need many candlesticks and therefore many months to form a pattern.

 

There is no need to sell short in this market.

 

60 min should still be fine. I rarely use the 5 min chart and never the 1 min.

 

One tool I would add to your list is one that is relatively new.

Trade Ideas.

One of its better features is no software to download. It's all powered by your browser.

www.trade-ideas.com

DMA

 

If trading above 2000 shares a position then Ameritrade is more appropriate.

 

Brown is good too.

 

If you want to do swing trades with the longbull picks, look at their short candidates. If the stock doesn't hit the entry price that means it has reached a bottom. It works 8 out 10 times [/QUOTE]

That makes sense. I went long FHR today at 22.75.

 

I wouldn't keep it overnight. It may just be a dead cat bounce.

 

too late