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Profitable Day and Swing Trading: Using Price / Volume Surges and Pattern Recognition to Catch Big Moves in the Stock Market, + Website by Harry Boxer

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CHAPTER 15

Swing Trading

It’s my observation and belief, as a result of nearly 50 years of active trading, that price and other technical patterns are similar on all time frames. They can be used and analyzed in the same manner, as well. As I have previously and repeatedly stated, I prefer and recommend the use and close monitoring of 1- and 5-minute charts intraday for day-trading price patterns. On my web site, frequent intraday, live video, webinar update, and chart pattern review sessions are conducted throughout the trading session to closely monitor price and relevant chart pattern development, along with intraday consolidation formation and trend momentum.

Price and related underlying technical patterns on 15-minute, 60-minute, and daily charts should also be used to assist the trader in determining what effect longer time frame price trends, moving averages, and price support/resistance may have on intraday pattern trading. This will assist you in further determining where targets and stops may be set for your day trade.

I have found over the years that the use of 15-minute, 60-minute, and daily chart time frames are best for analyzing chart patterns in order to find strong, high-probability potential swing trade candidates. It’s quite amazing, though, that most of the stocks I’ve recommended over the years for swing trades started out with a powerful day-trade move that we likely had day traded. The impressive strength and technical thrust of the move accompanied by ...

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