DaveSarge posted: For those of us 'lucky' enough to be able to sit in front of the charts all day, the very lowest time frames of M1 and M5 offer exactly the same trading opportunities as the higher time frames of H4 and above. Some people say the higher time frame charts are more reliable, steadier etc. But show me a daily chart that 'makes sense' and I'll show you one that doesn't, and vice versa with regards a M1 chart. They work exactly the same way and respond exactly the same one to indicators. It's about personal preference and nothing more.
I think both short and long timeframes can be sued by both swing and intraday traders as they provide useful perspectives to the markets giving entry and exit signals, as well as an overall picture. It's like a helicopter view effect that can be used in both trading styles. Swing or Intraday - related more to the personal preference and strategy, as you said.
Hi Nina, Swing traders not necessary needs to have strong patience and nerves. More often, they do not have time to trade on small timeframes and uses 4h, or Daily or weekly charts and they are waiting the big moves. Also, they might found that this type of trading works for them better then whole day sitting in front of the PC. In regards to swaps, some FX pairs does not have really big swap charges and even to hold position for long period, the price movement may brings much more profit / or lose compared with swap charges. Indeed there are some TRY and ZAR pairs where the charges and incomes from the swap are significant if you hold the pair longer term and those figures my affect over the end result :)