Great Educational Posts by Great Traders

[ZoZoStockWatch]

Great idea... Different Time Frames for Daytraders Why do we use them.. Each chart shows a different stories. On a daily chart we can see a longer term trend and what resistance is ahead of us or what support is below us. We get an overall feeling for a stock... The Trend better to trade with it then against it.

60 min chart shows us key areas for a particular length of time. Say 8-12days where a stock has been finding support and meeting resistance. I like the 60min chart very important to me. I look for clusters of support and resistance on the 60min

I look for clusters on every chart. What is a cluster it is an area where a stock hits and holds many times a support or resistance area... CLUSTERS watch for them....

1 min 5min chart some folks that daytrade use a 5 min or 3 min or 1 min I like the 1 min I like to see all the candles ...

Look for CLUSTERS on them when a cluster is broken it can be the beginning of a drop or the start of a trend up....