Forum Archive Index - November 2001

[Phaedrus <Phaedrus@techemail.com>]

Jeremy,
        It all depends on the time-frame in which you choose to operate. I 
class myself as a medium-term trend trader (holding for weeks to months), so I 
use medium-term trendlines, daily candlesticks and the faster trend indicators. 
Long-term traders (months to years) use long-term trendlines, weekly 
candlesticks and slower trend indicators such as a 200 day moving average. As 
you can see from the chart, these traders would still be holding, as the 
long-term trend is still up. A short-term trend trader (days to weeks) would 
use short-term trendlines, daily candlesticks and fast indicators such as a 
Stochastic oscillator. A day-trader might use 5 minute candlesticks and draw 
several trendlines every day. 
  As you rightly say, the methodology is the same, regardless of the timeframe 
chosen. A one day/5 minute candlestick chart looks much the same as a 6 
year/monthly candlestick chart, and is traded the same way. By very different 
people though!
   Regards,
            Phaedrus.

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