January 22, 2009

3D Charting of a Master swing trader

Successful trade execution aligns positions through a multidimensional time view.
First choose a primary screen that reflects the holding period and matching strategy.
Then study the chart one magnitude above that period to identify support-resistance and other landscape features that impact reward:risk.
Finally, shift down to the chart one magnitude below the primary screen and identify
low-risk entry points.
...
Time frame analysis above and below the current setup chart will identify opportunity and risk in most cases. For example, when a promising setup appears on a 5-minute chart, the swing trader checks the 60-minute chart for support-resistance but uses the 1-minute chart to time execution to the short-term flow of the market. This multidimensional approach works through all time levels.


Alan Farley - The Master Swing trader