Time Frames

Discussion in 'Technical Analysis' started by KGTrader4, Oct 8, 2021.

  1. KGTrader4


    New here, and relatively new to trading, but i know the basics .

    I'm confused about what time frames i should be looking at. Reading Brian Shannons book, he says look at 50 day for long term trend, 5 day to go a little deeper and intra day to pick entry point. But i'm pretty sure he is talking about day trading. I'm more interested in swing trading, holding a stock for anywhere from a couple days to weeks, or even a couple months.

    Any guidance appreciated.
  2. for swing, monthly chart for trend
  3. tomorton


    Two or three time-frames would be standard. The main time-frame is the one in which you identify chart set-ups and patterns, and across which you plan your entry and holding time. It is definitely wise to use a longer time-frame to confirm that your projected trade is not going to seriously oppose an established consistent long-term trend. You could optionally use a shorter time-frame to refine your entry price levels.
    KGTrader4 and murray t turtle like this.
  4. lindq


    The concept of trend-setup-entry is a good one. But specific measures will vary with the instrument and the market you want to trade. You won't get those from a book.
  5. deaddog


    I look at 3 charts for swing trading. A 3 month daily to see what's happening recently; a one year daily and a 5yr weekly to give me a longer term view.
  6. %%
    50+ 200day moving average for fine tune, finer tune. 5 year/ 10 years data helps also. Wisdom is profitable to direct
    KGTrader4 likes this.
  7. tomkat22


    Kullamagie is one of the best swing traders around and I believe he uses the 10,20,50 and 100 day MAs.
    KGTrader4 and taowave like this.
  8. As a swing trader, I look for setups/opportunities primarily on the daily charts. I can usually see the trend on the daily as well, though zooming out to a weekly chart is also good for checking trend and getting a larger perspective. I'll also check shorter timeframes occasionally (typically 195 min) for setups and frequently use shorter timeframes to find more accurate timing for entries (78 min and 15 min). Even shorter can be helpful when looking for an exit, especially for options trades.
    LuckyMac likes this.
  9. Raheel Shaikh

    Raheel Shaikh Sponsor

    As a swing trade you will look to hold for weeks to a couple month,
    looking at monthly chat will give you an idea of the trend.
    Narrowing it down to lower time frames ( i.e: weekly, daily, 4h ) you can look for what phase the market is in and also enter on a lower time frame from precise entry and smaller stop loss.
    however, you can still enter on the higher time frame if it meets your entry criteria.
    KGTrader4 likes this.
  10. LuckyMac


    For the entries smaller timefames, i assume you put yout SLs on the 4H if your TP is there too?
    #10     Oct 9, 2021