How to set stock market graphs

for swing trading system ?

Stock market trading tip for technical traders

Using stock market graphs is core issue in stock trading based on technical analysis. These charts are used for stock chart analysis and preparation of stock trade setups.

Any swing trading system is based on trades which can last several days or few weeks. Therefore most of stock chart analysis is done on daily time frame.

But focusing exclusively only to this one time frame is big mistake and can lead to big losses in trading.

There is very important to see also higher level of chart - i.e. weekly to spot major support and resistance levels . Because every technical trader knows that major weekly support and resistance levels are much more important then support and resistance levels found only on daily time frame.

There is also good to monitor chart with shorter time frame . For swing traders it is typically hourly or 4-hour (240 min) chart. This type of chart helps to fine tune your trading setup. It helps you to find better place for entry and also best place for initial stop loss level.

I use this multi time frame analysis every day for my trading . It is very important to see more then one time frame to make appropriate decisions about situation.

So if you have not used more time frames , start to use them . It is really your edge in stock trading business.

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