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Old 08-31-2007, 01:30 PM
Dogpile Dogpile is offline
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Daily Charts Are Meaningless...

I stopped using daily charts a while back and must say -- its been a really nice adjustment.

In a nutshell, daily charts give you a bias that you just shouldn't have.

Admittedly, I do use info from the last 2-4 days but for that I do not need a daily chart -- I can use 15, 30, 60 and 120-mins charts just fine to get the pertinent information.

I think there is some use in weekly charts -- but daily charts have been rendered meaningless by too many people using them --- just my opinion ---discussion/agreement/disagreement welcome...

Set yourself free and don't even look at a daily chart.

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