The indices look to be doing a bit of consolidation today and I’m noticing a bit of pinning action(sharp moves only to reverse back to high interest price points).It is the usual options expiration Friday.I’ve taken some great opportunities and also let myself out of some great ones too early,but all in all it’s been a great morning.If anyone has been following the charts I post,you’ve probably figured out that I’m really focused on the 1 minute time frame along with 5 and 15 period moving averages.It’s been very effective lately,and at the same time still a work in progress.The 15 period can easily be used as stop out points and even the 5 period or a few cents below it can be used.My problem is I’m not giving all trades that wiggle room as they sometimes test those averages,if I did I’m quite sure my P&L would be even better than it is already.Exits are everything and I need some work on that.I’m sure there are many of you out there shaking your head yes.I’m also sure there are a few of you out there shaking your head in disagreement with the 1 minute time frame and the fact I trade only a few stocks at a time,but every trader must go with what is working,and “right now” this is the most effective strategy for myself.Hope your all having a great day.If I have time I’ll post more charts either after the close or over the weekend.