How to Chart a Stock for Options/Short-Term Trading
1. Start on the Weekly Timeframe
2. Move to the Daily Timeframe
3. Drop to the Hourly Timeframe
General Principles
1. Start on the Weekly Timeframe
- Zoom out first to identify key levels — areas where price has repeatedly rotated, rejected, or found support
- Mark horizontal lines at significant pivot points (prior resistance, support zones, areas of major reversals)
- Box in any range-like behavior where price consolidates between two levels
2. Move to the Daily Timeframe
- Use your weekly levels as a foundation, then refine their exact placement based on daily candle structure
- Look for whether the stock is in an uptrend and identify distinct legs (leg 1 up → pullback → leg 2 up → potential leg 3)
- Note the 20 EMA (or 10 EMA, depending on the stock) as a key dynamic level — stocks often test it during pullbacks, sometimes undercutting briefly before resuming
- Draw rectangles to capture zones rather than forcing a single price line when price clusters in a small range
3. Drop to the Hourly Timeframe
- This is where you wait for your actual entry setup
- Look for a "shelf" — a period of sideways, micro range-bound price action that holds a support level
- Signs the pullback may be ending: price slowing down, beginning to interact with the 10 or 20 EMA, a small pop of buyers followed by a controlled retest
- Ideal entries are on the first or second pullback after a base breakout on the hourly — the later you enter, the less runway may remain
General Principles
- Trade in the direction of the broader trend — filter out counter-trend setups
- Think in scenarios: where does it go if it holds here vs. flushes lower?
- You don't need certainty — you need probability and a defined stop level
- The hourly setup only matters if the weekly and daily give you the green light first — they are your pre-filters
Emanuela | thetraderreset.com
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Emanuela | thetraderreset.com
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。