I have been trading hap-hazardly for a while now and just started putting the Cowabunga system to work for me.
My tweeks have been to look at the 1, 5, 15 minute charts along with planned announcements to determine short term momentum and whether I should plot a same day exit strategy. I use the news releases to anticipate whether there is going to be a wild swing that I should avoid like the plaugue! My normal exit strategy is between 1 and 3 days though. So I look to the daily and weekly charts to determine long wave momentum again using the scheduled news releases to steer clear of wild swings.
|