I’ve long been a fan of trading on multiple time-frames with daily being my primary chart-of-choice.
As a swing-trader, I rely heavily on other time frames like the 30-minute for determining my entry intraday and then the weekly to see if there are any longer-term problems that are coming to the surface that the daily doesn’t clearly show.
I took a trade in Agrium (AGU). It doesn’t have any flashiness/excitement to it, but it does show on multiple time frames how the bulls clearly have the upper-hand. As a result, I’m taking the recent weakness to establish a long position at current support levels with a tight risk and favorable reward scenario.
Here’s the daily chart for Agrium (AGU):
Now take a look at its weekly and different look that it exhibits.
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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
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