monthly vs. weekly charts

B

billyjoerob

To me, the monthly chart shows a clear pattern, a volatility contraction, whatever it's called, a bull flag or something.


Monthly

http://stockcharts.com/h-sc/ui?s=PCMI&p=M&yr=5&mn=0&dy=0&id=p25017584326


The weekly, on the other hand, doesn't really make much sense.

Weekly

http://stockcharts.com/h-sc/ui?s=PCMI&p=W&yr=5&mn=0&dy=0&id=p25120995645


I don't really have a point here, other than that longer term charts can show patterns that don't show up in charts with more information. Less info and better pattern recognition.
 
billyjoerob said:
...I don't really have a point here, other than that longer term charts can show patterns that don't show up in charts with more information. Less info and better pattern recognition.
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I like monthly and weekly charts too. I also like yearly, daily and intraday charts.
 
wrbtrader said:
I like monthly and weekly charts too. I also like yearly, daily.......Partial quote .
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Good quote;
that's why I repeated that pattern:cool:

Monthy candle charts are some of the best patterns/low exspenses/commissions;
but weekly candle charts are amoung my favorites.

SPY [20 year/+] monthy chart looks real extended[in price + time of year].IT may get more extended; but FEB took out a new low, not a VERY good UP-trend. + I like some Uptrends.:cool:

Wisdom is profitable to direct
 
Monthly chart = less data = less significance but less noise

intraday chart = more data = more noise = less significance but more adrenaline
 
Sergio77 said:
Monthly chart = less data = less significance but less noise

intraday chart = more data = more noise = less significance but more adrenaline
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Good points, Ser77;
i like [to exit or enter]'' noise'' charts[5 minutes is a noise] to enter a swing/position.Not that 5 minutes means as much as 30 minutes, or 58 or 60 minute candles, or 60years+.....

I use candle charts like charts/ monthly Market MakersEdge. I am not a market maker, like Joshua Lukemen was or is .

Monthly charts are real good for proving if its a bear market or bull market; VERY important. But since 1929,,1987, 2000 downtrends/bear markets happen;1930's1999, 2014 Uptrends/bull markets happen. I like weekly charts..... also

PS I am looking at all data on QQQ; they went lower than $25, which the charts say., is ithe low.....Actually i remember QQQ spent pleny of time below $20[QQQQwas same thing]

Sure; one could figure out bear market/bull market offf intraday,LOL; its also nice to see all the QQQ .....data on one[computer or printed] page,monthly candlecharts.Thanks
 
Perhaps this helps, was shared by an experienced trader outside of this site.

"I think a chart is a chart, whether its 1min or monthly, but the perception is different because it takes 60 seconds for a bar to close vs 30 days so the bar frequency changes dramatically.

If you count the number of bars and examine bar patterns you end up noticing it's all the same thing.

A good chart pattern or bar pattern should work well in any timeframe or else you got the illusion of edge."
 
Scaleout.Scalper said:
Perhaps this helps, was shared by an experienced trader outside of this site.

"I think a chart is a chart, whether its 1min or monthly, but the perception is different because it takes 60 seconds for a bar to close vs 30 days so the bar frequency changes dramatically.

If you count the number of bars and examine bar patterns you end up noticing it's all the same thing.

A good chart pattern or bar pattern should work well in any timeframe or else you got the illusion of edge."
More...
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Lots of truth in that post; agree with most of it.
Not the note that a 1 minute[noise] is the same as 30 day chart ,lol.I am referring to the rest of the post..... +last sentence:cool:
 
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