algoview
Short

Risky but great Risk/Reward ratio

NYSE:EMC   E M C CORP MASS
329 4 1

Warning, it's a 120 minutes chart, so the idea is for a short term trade!
The idea is heavily counter-trend, so to use with cautious. Counter trend is for people with solid nerves, able to get multiple loss in a row without getting mad ;).
The R/R ratio is great here, the risk is $1.11/share for a $3.54/share target.
With a 3.22 R/R ratio, you can can have one 1 winning trade and 3 losing trades, you'll keep make money...
timwest PRO
2 years ago
Since a day is 390 minutes, why wouldn't you use a time frame that captures that? Right now, you are analyzing 3, 120-min bars and one 30-min bar each day. Wouldn't it make sense to have each bar the same amount of time?
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algoview
2 years ago
Not necessarly, we have in fact only 4 120 min bars/day here. The good bar size would be 98 minutes bars or 78 minutes ;).
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spcaterings
2 years ago
i am new, in charting,
this can be use in daily chart
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spcaterings
2 years ago
i work only with daily share chart, have you some knew charts,f the AV_MACCDBB, can i try it a month to see if its good for me .
i dont know how yto do do bat pattern or other with fibonacci, but i dont need to use these charts, sorry ny inglish i speek spanish,
i expect your unswer
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