- 28 March 2006
Bogo do you always trade from the weekly or do you scan both?
BTW lucky me, nearly missed the setup .... Thanks
Both my EW pattern scans on MTPredictor and my breakout scans on Amibroker are weekly.
I find that there is too much erratic behaviour on daily charts especially in the small ords and metals and mining sectors.
I usually have a look at charts of interest in both daily and monthly but mostly for interest or anything obvious whereas with daily scan results I find it essential to look at the weekly as quite often you may be defying the trend.