Mapping the trend.

Some time, we find all the right signs for a  trade but we get stopped out. Why? The answer can lie in the use of higher time frames. Just increase your time frame. If you are trading in 60 min chart then have a look at the EOD (daily) chart.

If a stock is trading in a range in EOD chart then it will become more difficult to maintain a consistent trend in 60 min time frame.

Study long-term charts. Analyze weekly and daily charts. A larger scale map of the market provides more visibility and a better long-term perspective on a market. Once the long-term has been established, then consult the intra-day charts.

A short-term market view alone can often be deceptive. Even if you only trade the very short term, you will do better if you’re trading in the same direction as the intermediate and longer term trends.