Does it matter when you trade if you are a swing trader?

[mojopin]

Title pretty much sums up my question. For a swing trader, is there a particular time of day/day of the week that is preferable over another to open a trade?? I would think it doesn't matter, but I may be missing something.

Thanks

[Haley12]

I also think, Day and Time do not matter for swing trader but you should observe market trends. If you open trade after or just before to release big news then it may be helpful for you. Even there is risk as well.

[mojopin]

Thanks for the reply Haley12.

What about time frames? I was thinking using 1 day to identify trends and 4 hours to decide where to put stops, entries etc. Also checking the 1 hour charts to pinpoint exactly where to place them perhaps. Does this sound reasonable?

Cheers.

[fartist]

As a general rule its good to use the 4hr charts for entry and getting the trend from the weekly chart.

5 mins to 1hr, 1 hr to daily, 4hr to weekly, daily to monthly etc.

As per your qns, entries and stops will be done on the 4hr while trend determination will be taken off the weekly charts.

hope that helps!

[SimonTemplar]

...although Entries, Stops etc set from the Daily chart can work well and have even less 'noise' than the 240.

[yunny1]

Title pretty much sums up my question. For a swing trader, is there a particular time of day/day of the week that is preferable over another to open a trade?? I would think it doesn't matter, but I may be missing something.

Thanks

Yes, it does matter. A swing trader is willing to hold a trade from 1 to 4 days. The idea is to avoid the risk on weekends, so is much better to enter a trade on monday or tuesday than late in the week. This is not a rule of thumb, I sometimes hold trades during the weekend when the setup is good.

[DRA]

For me the time doesnt matter, I enter trades Monday-Friday no matter the time once a setup is there.....

[AltTab]

What about time frames? I was thinking using 1 day to identify trends and 4 hours to decide where to put stops, entries etc. Also checking the 1 hour charts to pinpoint exactly where to place them perhaps. Does this sound reasonable?

Depends what type of approach you intend to take.
If for instance you're majoring on executing & managing your trades using zones of support & resistance then you don't really need to place too much emphasis on specific timeframes.

Once you've identified the areas of interest you can play them from whichever single or combination of timeframe/s you prefer.

[MeiHua]

I trade the daily 4h 1h and do hold over the weekend. Although weekend holding requires certain criteria be met by mid NY on Friday. I personally don't care when my entries trigger, i use limit orders so the market puts me in and takes me out for every trade.

[bobmaninc]

I trade the daily 4h 1h and do hold over the weekend. Although weekend holding requires certain criteria be met by mid NY on Friday. I personally don't care when my entries trigger, i use limit orders so the market puts me in and takes me out for every trade.

thats not a bad way to trade I have been working on that lately. But if you watch the charts using banking sessions open and close times are a good time to use. even if swing trading the daily as I like to do its never fun to see you trade go sideways. Banking sessions tend to move markets unless you were me this week.