OT: My take of Technical Analysis: BSISSAR
in response to
by
posted on
Nov 09, 2007 07:51AM
Thank you for your insight. I was just wondering if your comments below relate to you having read - 'Master Swing Trader' by Alan Farley.
Farley mentions them in his book but rates players at trades vs. time i.e.
scalpers - trade in seconds to minutes
day traders - trade minutes to hours
investors - trade weeks to months
institutions - > years
Regards,
PxP
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Intra day charts with less than one day time frames are used by scalpers in the market.
Daily charts are used by day traders.
Weekly charts are used by investors.
Monthly charts are used by buy and hold investors.
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