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Warning! Part of this may be kind of boring to some of you. However, I will get into some discussions that will enlighten even the most sophisticated trader. I’m going to start off with a basic discussion about the popular time frames that traders can trade. Anything from a monthly chart to a “tick” chart. I will discuss the appropriate charts that go with each of these time frames, but I also want to get into some of the pitfalls traders run into. Especially the misconceptions about “swing trading” and about “scalping”. Also, the most important part about trading involves how these timeframes interact.
Here are the Charts to follow along:
Chart 1:
Chart 2:
Chart 3:
Chart 4:
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