Time Frames

I put my Stop Loss orders on the price - they're not directly tied to any timeframe. I pick my Stops based on the most recent local support level (the level it rebounded from) which doesn't change with timeframe. I don't use Take Profit orders, specifically - I move my Stop up periodically, when a new recent support level is formed. I hold the trade until it pulls back enough to trigger my Stop.

 

On my monitor i have a 1 minute/day, 5 mn/ 5 d, 30 mn/15 d and 1 hr/1 yr. I day and swing trade.

 

1 minute?? Why drill so far down?

 

Is there something wrong with the 1-min?

 

No not a thing. It's just that i was under the impression that Vic was a swing trader.

 

Oh yeah. It looks like he mentioned that. Looks like he mentioned day/swing trader. I guess the 1-min would be for the day trading. I don't know how that would help with swing trading unless you want a super duper entry.

 

Thanks for the reference

 

I have kept the 1 mn for the times I day trade, which still represents about 20% of my activity, but depends on the general movement of the market and of the specific stock.

 

thanks for the response. Re SLs and TPS, as I said I’m fairly new to short term trading, not even sure what that means

 

Thanks for all the replies. Looks like everyone has a slightly different take and I guess I need to figure out what works for me.
I’ve got a lot to learn