I find that greater the time span - greater the reliability, but candle patterns along with other indicators on a 5 min chart can be quite useful. Regards,
Every active market has an order composed of cycles. So you have to learn how to IDentify cycles. Timing methods predict when the cycles are completed.
This is very true, but I've yet to be disciplined enough to go back through the data in an organized fashion.
Personally I like double tops and head and shoulders tops. The time frame changes depening on what you are watching but software takes care of that automatically http://www.trade-ideas.com/Help.html#GDTOP
<i>So what if the odds are against you... the reward:risk ratio is with you... If played well, expectancy can be high... Read Trader Vic's stuff...</i> Very well said. Tops and bottoms are really not all that hard when in the context of multiple time frames and entries using Vic 2b or 123 reversal points in the smaller time frames. Both afford very nice r/r ratios with the tight stops they provide. Oz
Mschey, don't feel like the Lone Ranger. I covered on DELL today around 1430 with a whopping 6 cent profit. Not exactly the optimal exit! ;-) Oh well.....