{"id":2691,"date":"2020-03-17T09:00:35","date_gmt":"2020-03-17T16:00:35","guid":{"rendered":"https:\/\/www.steadytrade.com\/?p=2691"},"modified":"2020-03-18T16:13:17","modified_gmt":"2020-03-18T23:13:17","slug":"ep-139-time-frames","status":"publish","type":"post","link":"https:\/\/www.steadytrade.com\/ep-139-time-frames\/","title":{"rendered":"Ep 139: Essential Day Trading Variables Part 2: Time Frames and Support &#038; Resistance"},"content":{"rendered":"<div id=\"backtracks-player\" style=\"max-width: 100%;\" data-bt-embed=\"https:\/\/player.backtracks.fm\/st\/steadytrade-com\/m\/ep-139-essential-day-trading-variables-part-2-time-frames-support-resistance\" data-bt-theme=\"dark\" data-bt-show-description=\"false\" data-bt-show-comments=\"false\" data-bt-show-art-cover=\"true\"><\/div>\n<p><script>(function(p,l,a,y,e,r,s){if(p[y]) return;if(p[e]) return p[e]();s=l.createElement(a);l.head.appendChild((s.async=p[y]=true,s.src=r,s))}(window,document,\"script\",\"__btL\",\"__btR\",\"https:\/\/player.backtracks.fm\/embedder.js\"))<\/script><\/p>\n<p><span style=\"font-weight: 400;\">How critical do you think it is to look at support and resistance or time frames when you\u2019re trading?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As Tim Bohen loves to say, you gotta \u201cmake the case for the trade.\u201d That\u2019s exactly why you have to consider a number of key variables before every trade.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">SteadyTrade co-host and newbie trader Kim Ann Curtin is learning these variables. It\u2019s a vital part of her trading education. And Stephen Johnson is helping her learn the ropes. In <\/span><a href=\"https:\/\/www.steadytrade.com\/float-volume\/\"><span style=\"font-weight: 400;\">Episode 136<\/span><\/a><span style=\"font-weight: 400;\">, they covered float and daily volume&#8230;\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Today, the lessons continue as they discuss time frames and support and resistance.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This review of fundamentals is ideal for new traders, and established traders can get a refresh on trading essentials.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">How\u2019s Kim Doing?\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">You\u2019ve already observed Kim\u2019s ongoing trading education in <\/span><a href=\"https:\/\/www.steadytrade.com\/2020-goals-and-predictions\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Episode 132<\/span><\/a><span style=\"font-weight: 400;\"> and <\/span><a href=\"https:\/\/www.steadytrade.com\/sympathy-plays\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">Episode 130<\/span><\/a><span style=\"font-weight: 400;\"> \u2026 but how\u2019s her trading progressing?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this episode, she explains the work she\u2019s doing \u2014 reading books, watching videos, and immersing herself in the world of Tim Sykes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kim and Stephen discuss the sometimes polarizing force that is <a href=\"https:\/\/www.steadytrade.com\/trading-syke-ology-with-tim-sykes\/\" target=\"_blank\" rel=\"noopener noreferrer\">Tim Sykes<\/a>. He seems to have the ability to inspire passion &#8230; both positive and negative.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Kim talks about how she\u2019s loving Sykes\u2019 authenticity and real talk. She appreciates how he DOESN\u2019T do something that so many other trading gurus do \u2014 make unrealistic promises or tell traders they\u2019ll get rich quick.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">They talk about the Sykes model of \u201ctrading like a coward.\u201d Tune in to learn why that can be a smart way to trade long term.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Time Frames\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">When traders talk about time frames, they\u2019re talking about different time intervals on a stock\u2019s chart. For instance, you could look at an intraday chart or a two-day chart on a 15-minute time frame or 30-second time frame \u2026 The options are endless.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stephen explains how each time frame can give you different information. It can be a way to learn whether a stock is bullish or bearish.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the episode, Stephen explains to Kim why time frames matter \u2026 and which time frames most traders use. Which is better &#8230; longer or shorter?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">They talk about how different traders might gravitate toward different time frames. For instance, a day trader might look at a different frame than a swing trader.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stephen even shares his own proprietary preferences for time frames. Learn why he loves his choice, and how he\u2019s settled on a setup where he has \u201cno compromise\u201d on his plan.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"font-weight: 400;\">It might sound complicated. But according to Stephen, in time you can \u201clearn how to read the Matrix and then become Neo.\u201d\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Support and Resistance\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">According to Kim\u2019s findings, support is where a stock\u2019s price tends to stop falling. Resistance is where it tends to stop rising.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But why does that matter?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stephen talks about how it\u2019s largely a game of probability. For example, if a stock fails to break resistance three times, it\u2019ll <\/span><i><span style=\"font-weight: 400;\">probably<\/span><\/i><span style=\"font-weight: 400;\"> fail again on the fourth time.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Then again, sometimes there\u2019s an exception. Then it\u2019s like a scene out of \u201cGame of Thrones\u201d &#8230; The castle gates give way and the army crashes through.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Stephen talks about how stocks can eventually break through support or resistance, but you can\u2019t quite know when or how. Nonetheless, you can still use these points to help determine your own entry and exit points for a trade.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Bringing It All Together\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Kim and Stephen talk about bringing all of these variables together. Ultimately, you\u2019re looking at what\u2019s happened before. You\u2019re then trying to apply this information to the stock\u2019s potential future performance.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here\u2019s the good news &#8230; as confusing as it is at first, it gets better with practice and experience. Once it becomes more second nature, you start to know what\u2019s likely. At least &#8230; that\u2019s what Stephen says.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Got Questions?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Wanna ask about these variables or ask our hosts to discuss a specific topic? Drop us a line!\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remember: if your question is chosen as an on-air topic, you could win a SteadyTrade mystery gift box. Leave a comment below or on <\/span><a href=\"https:\/\/www.youtube.com\/channel\/UC5pPaJfbfRHQ1msJ4bSj_dQ\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight: 400;\">YouTube<\/span><\/a><span style=\"font-weight: 400;\">!<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks for tuning in to the SteadyTrade podcast. Stay tuned for weekly episodes featuring the hottest topics for aspiring traders.<\/span><\/p>\n<p><b>Love this episode? Please leave a review on <\/b><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/steady-trade-the-profitable-side-of-trading\/id1275946076?mt=2\" target=\"_blank\" rel=\"noopener noreferrer\"><b>iTunes<\/b><\/a><b>.<\/b><\/p>\n<p><a href=\"https:\/\/stockstotrade.com\/watchlist?utm_source=podcast&amp;utm_medium=ad&amp;utm_campaign=watchlist\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-2692 size-full\" src=\"https:\/\/www.steadytrade.com\/wp-content\/uploads\/2020\/03\/AD001-970x250.jpg\" alt=\"\" width=\"970\" height=\"250\" srcset=\"https:\/\/www.steadytrade.com\/wp-content\/uploads\/2020\/03\/AD001-970x250.jpg 970w, https:\/\/www.steadytrade.com\/wp-content\/uploads\/2020\/03\/AD001-970x250-480x124.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 970px, 100vw\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How critical do you think it is to look at support and resistance or time frames when you\u2019re trading? As Tim Bohen loves to say, you gotta \u201cmake the case for the trade.\u201d That\u2019s exactly why you have to consider a number of key variables before every trade. SteadyTrade co-host and newbie trader Kim Ann [&hellip;]<\/p>\n","protected":false},"author":2283,"featured_media":2693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[3],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ep 139: Essential Day Trading Variables Part 2: Time Frames and Support &amp; Resistance - SteadyTrade.com<\/title>\n<meta name=\"description\" content=\"How critical do you think it is to look at support and resistance or time frames when you\u2019re trading? Tim Bohen shares his insight!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.steadytrade.com\/ep-139-time-frames\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ep 139: Essential Day Trading Variables Part 2: Time Frames and Support &amp; Resistance - SteadyTrade.com\" \/>\n<meta property=\"og:description\" content=\"How critical do you think it is to look at support and resistance or time frames when you\u2019re trading? Tim Bohen shares his insight!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.steadytrade.com\/ep-139-time-frames\/\" \/>\n<meta property=\"og:site_name\" content=\"SteadyTrade.com\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-17T16:00:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-18T23:13:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.steadytrade.com\/wp-content\/uploads\/2020\/03\/steadytrade-139_BLOG.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"721\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"SteadyTrade\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"SteadyTrade\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.steadytrade.com\/ep-139-time-frames\/\",\"url\":\"https:\/\/www.steadytrade.com\/ep-139-time-frames\/\",\"name\":\"Ep 139: Essential Day Trading Variables Part 2: Time Frames and Support & Resistance - SteadyTrade.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.steadytrade.com\/#website\"},\"datePublished\":\"2020-03-17T16:00:35+00:00\",\"dateModified\":\"2020-03-18T23:13:17+00:00\",\"author\":{\"@id\":\"https:\/\/www.steadytrade.com\/#\/schema\/person\/360a1e47359757a55a3de46010e6856a\"},\"description\":\"How critical do you think it is to look at support and resistance or time frames when you\u2019re trading? Tim Bohen shares his insight!\",\"breadcrumb\":{\"@id\":\"https:\/\/www.steadytrade.com\/ep-139-time-frames\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.steadytrade.com\/ep-139-time-frames\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.steadytrade.com\/ep-139-time-frames\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.steadytrade.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ep 139: Essential Day Trading Variables Part 2: Time Frames and Support &#038; Resistance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.steadytrade.com\/#website\",\"url\":\"https:\/\/www.steadytrade.com\/\",\"name\":\"SteadyTrade.com\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.steadytrade.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.steadytrade.com\/#\/schema\/person\/360a1e47359757a55a3de46010e6856a\",\"name\":\"SteadyTrade\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.steadytrade.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/cbf7b567ddc83dbd1e0505c281707b15?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/cbf7b567ddc83dbd1e0505c281707b15?s=96&d=mm&r=g\",\"caption\":\"SteadyTrade\"},\"sameAs\":[\"http:\/\/www.steadytrade.com\"],\"url\":\"https:\/\/www.steadytrade.com\/author\/steady-trade\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ep 139: Essential Day Trading Variables Part 2: Time Frames and Support & Resistance - SteadyTrade.com","description":"How critical do you think it is to look at support and resistance or time frames when you\u2019re trading? Tim Bohen shares his insight!","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.steadytrade.com\/ep-139-time-frames\/","og_locale":"en_US","og_type":"article","og_title":"Ep 139: Essential Day Trading Variables Part 2: Time Frames and Support & Resistance - SteadyTrade.com","og_description":"How critical do you think it is to look at support and resistance or time frames when you\u2019re trading? Tim Bohen shares his insight!","og_url":"https:\/\/www.steadytrade.com\/ep-139-time-frames\/","og_site_name":"SteadyTrade.com","article_published_time":"2020-03-17T16:00:35+00:00","article_modified_time":"2020-03-18T23:13:17+00:00","og_image":[{"width":1000,"height":721,"url":"https:\/\/www.steadytrade.com\/wp-content\/uploads\/2020\/03\/steadytrade-139_BLOG.jpg","type":"image\/jpeg"}],"author":"SteadyTrade","twitter_card":"summary_large_image","twitter_misc":{"Written by":"SteadyTrade","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.steadytrade.com\/ep-139-time-frames\/","url":"https:\/\/www.steadytrade.com\/ep-139-time-frames\/","name":"Ep 139: Essential Day Trading Variables Part 2: Time Frames and Support & Resistance - SteadyTrade.com","isPartOf":{"@id":"https:\/\/www.steadytrade.com\/#website"},"datePublished":"2020-03-17T16:00:35+00:00","dateModified":"2020-03-18T23:13:17+00:00","author":{"@id":"https:\/\/www.steadytrade.com\/#\/schema\/person\/360a1e47359757a55a3de46010e6856a"},"description":"How critical do you think it is to look at support and resistance or time frames when you\u2019re trading? Tim Bohen shares his insight!","breadcrumb":{"@id":"https:\/\/www.steadytrade.com\/ep-139-time-frames\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.steadytrade.com\/ep-139-time-frames\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.steadytrade.com\/ep-139-time-frames\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.steadytrade.com\/"},{"@type":"ListItem","position":2,"name":"Ep 139: Essential Day Trading Variables Part 2: Time Frames and Support &#038; Resistance"}]},{"@type":"WebSite","@id":"https:\/\/www.steadytrade.com\/#website","url":"https:\/\/www.steadytrade.com\/","name":"SteadyTrade.com","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.steadytrade.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.steadytrade.com\/#\/schema\/person\/360a1e47359757a55a3de46010e6856a","name":"SteadyTrade","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.steadytrade.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/cbf7b567ddc83dbd1e0505c281707b15?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/cbf7b567ddc83dbd1e0505c281707b15?s=96&d=mm&r=g","caption":"SteadyTrade"},"sameAs":["http:\/\/www.steadytrade.com"],"url":"https:\/\/www.steadytrade.com\/author\/steady-trade\/"}]}},"_links":{"self":[{"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/posts\/2691"}],"collection":[{"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/users\/2283"}],"replies":[{"embeddable":true,"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/comments?post=2691"}],"version-history":[{"count":4,"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/posts\/2691\/revisions"}],"predecessor-version":[{"id":2698,"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/posts\/2691\/revisions\/2698"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/media\/2693"}],"wp:attachment":[{"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/media?parent=2691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/categories?post=2691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.steadytrade.com\/wp-json\/wp\/v2\/tags?post=2691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}