What does this mean?

Discussion in 'Trading' started by ER9, Sep 28, 2003.

  1. ER9


    This is a quote from Linda Raschke. I think I understand but i'm not completely sure what higher time frame means and was wondering if someone could clarify this for me.

    "Experienced swing traders always look to trade in the direction of the higher-time-frame trend, while using the lower time frame patterns to determine risk and entry".

    For example would a higher time frame be....lets say looking at a chart in a 3 year/weekly time frame versus a 6 month/daily and a lower time frame for determining risk and entry be something like a 5 minute/daily chart to determine when to enter?

  2. Pabst


    Yes. (In tribute to metooxx)
  3. Where is metoox these days....I have always enjoyed his posts.

    Michael B.

  4. For sure, its normal to trade the daily Stochastics in the direction of the weekly Stochastic.