I trade mainly off the daily charts, and I teach my students to do
the same. If you want to have a realistic chance at making a living as a
trader, you need to master trading the daily charts before all else.
This is one of the most important pieces of the puzzle of being able to
trade for a living.
The daily chart gives us the best combination of accuracy and frequency of price action trading
setups. Meaning, you will get a much clearer, accurate, and more
relevant view of a market’s price action on the daily chart than you
will on any time frame below it. The weekly and monthly charts also
provide a good clear view of a market’s overall movement, but they do
not provide enough trade setups to be practical enough for the short to
mid-term retail trader. The daily chart gives us enough trade-worthy
setups each month to be able to make consistent money, while
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