How to set stock market graphs

for a swing trading system

Stock market trading tip for technical traders

Using stock market graphs is a 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 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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