On average, how much time per day do you spend looking at your charts?

On average, how much time per day do you spend looking at your charts? What time frame do you trade? What are you actually doing/looking for whilst looking at your charts?

I’m slightly confused right now, because I’m not sure what people are doing when they say they look at their charts for sustained periods of time (unless they’re scalpers).

I’m just learning at the moment, and my accounts are just demo , but I usually spend 30mins to an hour looking at the charts. When I do this, I’m usually focusing on the 1H, 4H and 1D, looking for stochastic divergence’s and chart patterns. Then I place my entry orders and stoplosses and get on with my day. How is it of any benefit to you to sit there watching your trades if you have carefully placed stoplosses? When people say they spend vast periods of time in front of their computer, what are they doing for all this time?

Thanks! :slight_smile:

Hi JRC

I turn computer on and load up charts just before Australia Sydney opens check dailys and 4 HR for longer term trades, probably spend maybe 30-45 mins. I leave computer on with pendings if I like something I see. At end of day for me which happens to be London open I check through again just a quick scan and settle in for some scalping action around news 30 mins before London close I close up shop and head to bed. So if lots of news coming out up to 8 hours usually less Monday and Tuesdays or if it’s quiet news wise.

Cheers

I spend around four hours in total each day. Half of that spent on looking for good setups for the day or the week and the other half just watching price action.

What time frames do you trade? :slight_smile:

I only spend 5 minutes of each of the day scanning charts for good price action. I just look for the 5 star setups that make me money everytime and then make the trade. The rest of the day I do other stuff that is fun and come back in evening to collect my profits. Very easy. Trading price action is very good way to make money and its how the professionals trade.

I already make huge profits with only 5 mins a day. I need rest of day to spend the money :slight_smile: