Swing Trading: An Antidote for Frustrated Traders
Develop Strong chart reading abilities
Swing traders can become master chart readers by learning how to read the higher time frames.
One of the benefits of the daily time frame is the fact that it filters out a lot of the intra-day noise. By getting rid of the noise and focusing on the bigger picture – you will find true clarity, probably for the first time in your trading.
These time frames above the 1 hour chart allow you to focus on the core market movement and identify trend momentum much more easily.
It only takes a couple of seconds to get your bearings on a time frame that offers you more data. Trade signals and price action patterns are much more easily defined in contrast to the lower time frames, where price can be very ‘messy’.
Human behavior rarely changes. As a collected group, we keep doing the same thing over and over again in the markets.