Thursday, May 29, 2008

GOOG - Using multiple time frames to increase your risk / reward

GOOG today is a great example of how I like to use shorter termed time frames to enter swing trades.

By entering a trade using the 1 min bars (on the left) I'm able to cut my risk down substantially. In this case I like GOOG above 580 on the daily, as it is trying to break out of the little flag it has been forming. Entering on the 1 min gives me very little risk for what looks like it could be 600ish upside in the very near term (a few days)

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