Now I’m familiar with positional trading, like look back period for that is 6months and 2 years for plotting support and resistance and all that. My question is what is the parameters if the same was for 1 hour chart and not daily chart.
- how long should be look back period for assuming trends?
- how long for plotting support and resistance?
Also i’m going to attach a screen shot please clarify the same.
Thanks a lot for anyone who helps me with this.