Ask Colin

As a position trader, what time frames (monthly, weekly or daily) do you use when you are assessing market risk, entry, exit when using point & figure charts?

With point and figure, there is no time frame as there is on bar charts. You always use the daily data. However, a bigger box size is used for the long term chart, compared to the short term charts.

I am now teaching my plan using bar charts. I set entry and stops off the weekly chart. Since weekly highs and lows are also daily highs and lows, you can use daily charts instead, but it is harder to see the bigger picture I am looking to trade.

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