Thursday, December 10, 2020

which timeline chart for which trading

for scalping....use 1-min tick chart

for day trading or overnight...use 5-min tick chart

for swing trading....use 15-min tick chart

for positional....use 1-hour tick chart

for long term holding....use 1-day tick chart

for investing...use 1-week tick chart

for hindustan motors like experience...use 1-month tick chart


you can use higher or lower timeline charts also for the same purpose but that may affect efficiency and effectiveness just like you can cut a tomato with a sword instead of a knife or use a spoon to fill a jug, but the same is not recommended

*tick=least count

*take trade only in the direction of the parent chart...eg 5 min chart is the parent of 1 min chart

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