Why We’re Studying Daily Time Frames
In today’s video, you’ll see how I incorporate the daily time frame with a two and five-minute chart. Many traders forget to look at the daily time frame even though we’re day trading.
But, I’m here to warn you…
Don’t make the mistake of not looking at the daily chart before you day trade.
Think about time frames and those weeks where we have events that could affect volume. Some common examples for this time of year are market closings for the holidays.
It’s a holiday-affected month after all. So, What can we do in these types of situations?
Thankfully, day trading is a really good choice in conditions like these.
Reasons as to why you need the daily chart for situations like these? You’ll gain an understanding of the difference between the pre-market and the open to see how opportunities often arise.
