Hi every body,
Well to start with I would like to say every one that have participated in the post has very welled points, and surly very walled questions.
About a month or so ago I had the exact same questions all you guy's have in here. I even had a big disagreement with one of the top guy's in this forum one day about day intraday trading. So I had to go and do some really needed self study on various systems that will fit in to my comfort zone. I use to love intraday trading and think I still do, but the bad thing about it is ,when you lose money you want to get it back and then you take bigger risks. And that way you could loose more and more. Believe me when I say that I had whipped to accounts of mine that way.
So this is what I found that works for me the best. PATTERNS, PATTERNS, PATTERNS!!!! Head & shoulders is my favored, and the there is double tops and triple tops. And ever sins I've started trading that way on my new accounts, I have discovered the following.
I'm much more disciplined in my trading, I'm looking for my trades, and the probability is much more there than with any system I have ever traded. I also gives you an entry and an estimated area where to take profit. I have made 300 pips in 2 weeks, with pattern trading. So guy's it is really worth while looking @ it.
good luck to you all.
Basie
http://www.incrediblecharts.com/tech...t_patterns.htm