meanwhile...., page-66

Hi spare paper,

you are correct to a degree.

The monthly entry can be a very strong entry when combining it with the weekly and daily.

The trouble you face if you are using it as a main entry signal is that obviously the reaction time is slower so therefor your entry will always be at a higher mark.

What is ultimately more important is your exit and if you are only using the monthly chart for the strength and exits you are going to struggle to maximise your profits because of the lag in the monthly chart.

The daily & weeklys will pick your exits up so much quicker. You may still hold stocks for lengthy periods based an daily and weekly charts

As for day traders only using daily charts, these timelines are crucial for protecting capital and arent just for daytraders, believe me!

Hope that helps and good luck....

Cheers