 Platinum Customer
Joined: 12/2/2004
Posts: 20
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It's really strange that I have not gotten a good answer to this question, but, I forgot to ask YOU.
I use technicals but I want to use it for longer term trading insteady of short term trading. In other words, I would prefer to hold a position several months rather than a week.
Does technical analysis work in all time frames and how would you suggest I structure it?
thanks for your help. I know I can look at the chart in different time frames but what would make the differnce in determining the length of the move..
Beth
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Registered User
Joined: 6/13/2011
Posts: 88
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Well you can arrange it anyway you like - I would say the standard is daily, weekly, and montly with many variations in between.
Determining the length of the move wil be in the particular time frame chart you are looking at and how the patterns or indicators evolve.
It is important that if you enter a trade in a particular time frame you make your trade decisions base on the same time frame - whick for most folks is difficult mostly if you trade from a longer time frame and daily look at smaller time frames.
The most important thing is to remember contrary to what you are usually told:
The longer the time frame the more risk you take.
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