How to set stock market graphs

for a swing trading system

Stock market trading tip for technical traders

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

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

It’s very important to see a higher level of chart, i.e., a weekly chart, to spot major support and resistance levels . Because every technical trader knows that major weekly support and resistance levels are much more important than support and resistance levels found only through a daily time frame.

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

I use this multi time frame analysis every day my trading . It’s very important to see more than one time frame to make appropriate decisions about any situation.

So, if you haven’t used more time frames , start to use them. It’s really your edge in the stock trading business.

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