BATS:GOOG   Alphabet Inc (Google) Class C
Update to chart published here: http://www.tradingview.com/v/4JWciFeQ/

Many times traders and investors make the mistake of not considering the potential changes in market conditions that will render their prior analysis invalid. Once a trading decision is made, many will not reconsider their position until a predetermined stop is approached. As most experienced traders and investors realize, the most well-thought-out analysis is always capable of failing. Markets change with the release of fundamental data or news events. Technical levels not properly taken into account will cause unforeseen reactions, etc.

This update underscores some interesting concepts in day trading and scalping vs swing trading. The larger entry areas are where swing traders will enter, sometimes scaling in over a period of dollar or percent changes of the underlying. The smaller entry areas are where the dayt raders and scalpers will enter. Some day traders will scale into a position but few scalpers will.

This 60 minute time-frame chart will show you the levels where the day traders are most active, and a 15 minute or smaller time-frame will show you the actions of the scalpers. Many fail to realize that the smaller time-frame traders are more often than not, the ones who are moving the market intraday. Swing traders only affect the day and weekly movements.

Knowledge is power. In trading, accurate knowledge is what leads to consistently high-percentage profitable trades.
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