Anonymous

15 Feb 2021

∙

General Investing

Any advice on the interval (e.g. 1h, 4h, 1 day) of chart reading that I should look at if I plan to hold my position for few days to < 2 weeks?

Hello! Anyone can advise me on the interval (e.g. 1h, 4h, 1 day) of chart reading that I should look at if I plan to hold my position for few days to < 2 weeks?

I was just wondering which interval would provide better information as the different intervals can sometimes provide rather different information. Anyone can advise on which interval can reduce more fluctuation and provide a clearer trend.

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Bullythebear

15 Feb 2021

Tutor at Self employed

If you hold for weeks, look at weekly, daily, 4 hrs. That should be good enough. I apply (with some modifications) of Dr Alexander Elder's triple screen, which I found it very useful. Read some of his works to find out more. Every screen is about a factor of 7 from the next i.e 4 hrs x 7 = 28, roughly 24 hours, which is the daily timeframe. Daily x 7 = weekly timeframe.

Use the 4 hrs timeframe for entry and exit, daily timeframe for current, weekly for longer term time frame. Higher timeframe takes priority, so if daily shows a bullish sign and weekly shows a bullish sign, the dominant trend is still bullish.

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Zac

14 Feb 2021

Noob at Idiots Invest

Are you referring to entry?

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