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03/14/2008 Archived Entry: "Time-frames for trading stocks."
Michael wrote:
> I noticed there is a great difference between the 24hour and “trading day” price charts for stocks.
>
> I trade options on day and week timeframes but, I still use hourly to do studies and for entries.
>
> I noticed that the “trading day” charts are cleaner with less noise.
>
> Should I use the 24 hour or the trading day setting on my charting software?
>
> Thank you,
> Mike
You have to trade when there is sufficient volume. Low-volume 24 hour charts are is not useful, deceptive. Only trading day charts should be used.
-Neal
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