Shorting Part 2

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[raizen71]

Hi sgomez858,

Your videos have been educational and beneficial. May i know which time frame you set for your candle-stick? 1-min, 2-mins or 5-mins?

[sgomez858]

5 minute bars with 3 days of date for nearby support and resistance levels.

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[SonyII2]

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[imurphster]

Can you tell me where i can practise shorting without real money?

[ghahandi]

I didn't hear any mention of what MA's he uses. although the ones you mention are common. Also, I could not find the "part 1"

[Jonathanio3]

Support occurs when there are some people with buying orders at a certain area, when this area is broken, people tend to remember that area and have their SL, PT etc in there because it is likely to get tested. Once a support is broken, it acts as a resistance and vise versa. Do a bit of research if you don't understand fully, type support and resistance in google, you are sure to get loads of pointers.

[Jonathanio3]

there are no base rules in trading, you have to watch the price action to know when the wick means something or nothing..wicks basically represent an achieved price in a certain period since the open and the close of that bar (=time period) there are a lot of different patterns, this is only one of them and this one especially, had you listened, must be confirmed with momentum and adequate price action to work well.

[Jonathanio3]

don't you listen to him? These are simple MAs with periods 10, 20 and 50. MA10 being an explosive moves indicator.

[ghahandi]

One more question. What moving averages sre you using and are they simple or exponential?

[ghahandi]

Hi Steve. What stoch are you using on this chart? slow or fast? also, are these 5 minute bars? Anything else you use for this type of interday scalping? Thanks. C-