Generally, if you’re a long-term position trader, you only look at daily and weekly charts. Alright. If you’re a swing trader, you will look at usually daily to maybe hourly chart. Okay. And hourly chart is only if you are a short-term swing trader where you tend to hold your position for maybe a few days up to one one week or so. Okay. Then that’s when you actually go into the hourly chart.
But other than that, a daily chart, in my personal opinion, is more than enough as long as you are not holding a position for less than a week. More than a week, or two or even three or up to months and years, daily and weekly is actually good enough. Alright. Only if you go into short-term swing trading that is under a week, holding horizon, then you might need to go into hourly, and if you are of course intraday trader where you go in and get out, within half an hour, one hour, that kind of thing, then definitely you have to go into a five minute chart or maybe even one minute chart.
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