Scalper (1min) ; Day trader (5min); Position trader (60min); Investors (Daily); Institutions (Weekly)
To adopt different chart analytics for different holding time frame. A level above to look out for support/ resistance and a level below to identify entry pt.
My holding time frame has always been ard a year and that makes me an Investor. Ha.
I should focus on 60 mins behaviour for entry pts. Well said. More often than not, it would take me less than a day to know whether any thing is possible or totally impossible. After which, Dailys would be my primary reason for longing a position. On support, it would depend on how well it pan out on a weekly basis which we would have shared and a challenge to break the resistance to propell the relationship to the next level.
To each its own.
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