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Improve trading using different timing of chart

Using different timing of a chart can greatly improve your timing and performance for trading. Convergence of 5min, 15min, hourly chart etc can prove that the initial hypothesis is right and ripe for entry.

As a trend trader, I often ignore charts of different timing except just by looking at the daily chart. But it seems that aggregation of data filter out the important information. And to be a true trader, it just seems like daily chart is not enough.

One example for the use of different timing is bottom fishing play. One can use the daily chart to plot the entry, stop loss and exit point. And then use 5 min, 15 min and hourly chart to confirm that the volume is truly diminishing, which imply the selling volume has died down.

– The Trader –

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