I trade the 1 and 2 minute charts so "long term" in my case is 5,15, or 60 min charts. I think most trade the 5. I think the inexperienced are also the underfunded. I believe they will many times take a trade after they have realized they may have missed the move and are the "last hurrah" of the move. If there is a low volume break of the resistance and a pullback then I think they start sweating because they can't afford to risk a lot and were hoping the breakout would be valid. Likewise, those who initiated early and rode it to the same resistance point are happy to lock in some profit. I place my entry where I think their stops are. (after a pause of a few bars I would sell new lows out of the consolidation). Then I exit as I basically outlined in the previous post.
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