Quotes of the Day

Electronic or paper gold has its benefits too, especially for the short term trader. [2009] - James DiGeorgia

Swing trading involves shorter time frames than the daily charts; this generally means trading from the 240-, 60-, and 15-minute charts. The time you could be in a swing trade can range from hours to days, and the trade can be a trend trade or a countertrend trade. Swing traders in general are less concerned with long-term trends. They also rely on trailing stops and OCO (order cancels order) orders and other automated features on current trading platforms. [2010] - Jay Norris

Ladies, sitting or being invited to sit on his left signifies, "Let's be friends, but nothing more." Sitting on his right hints the opposite. Why? Because a man always wants "his" woman on his right. [2009] - Leil Lowndes

I find it best to use at least four time frames for day trading: the daily or weekly to get an overall picture of the trend, the 60-minute to keep track of the market, and then the 1- and 5-minute for entry and exit timing. If you have a trade that is working on a small time frame and you get a signal on a longer time frame as well, this is a good place to add the trade. [2003] - Marcel Link

a short-term (over the next few hours) trading range may be 20 to 50 pips wide, while a longer-term (over the next few days to weeks) range can be 200 to 400 pips wide. Medium-term traders are normally looking to capture larger relative price movements — say, 50 to 100 pips or more.  [2007] - Mark Galant