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Can Always-In last for more than a day?
Al only uses the 5-min charts and and exits as late as end of the session. As for a swing, which may stay for a few days, how do we know if market continues the same direction the next day? Thanks
Setup patterns are nested and work the same way on all time frames, It’s just that the lower times frames have many more potential setups during the session than higher time frames. Thus, if you want to hold overnight and swing over multiple days, I suggest that you trade the 1hr chart as Al has suggested in his online course. The problem with holding overnight is that there is higher risk and that you also need higher margin requirements.
TraderThai, thank you! So if I look at daily charts (that's lowest timeframe I can check), I should analyze the same way Al does with the 5-min charts and act accordingly? I understand the higher risk carrying overnight, news and stuff.