Look back for trends for technical analysis

[anvekarsid]

Hi people!
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.

1. how long should be look back period for assuming trends?
2. 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.
   
   

@Karthik

[Karthik]

@anvekarsid

how long should be look back period for assuming trends?

If you are looking at 1-hour chart, then I would suggest you look at the chart of last 10 to 15 trading sessions.

@anvekarsid

how long for plotting support and resistance?

You will be able to spot S&R in the suggested timeframe. In case you don’t, you should increase the look back period.