How to Use Multiple Time Frame Analysis to Find Better Entry and Exit Points 📈
What is Multi TimeFrame Analysis? http://www.financial-spread-betting.com/course/technical-analysis.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! You might have heard of it, you might have not heard about it - what is timeframe analysis and how can we use it to become better traders.
How To Perform A Multiple Time Frame Analysis
Multi Timeframe analysis means that we don't limit ourselves to one time frame to place a trade. We check the next higher time frame so as to gain a better perspective on the prevailing trend and then utilise the lower time frame to make our entry. It basically means taking a top-down approach based on the timeframe we're trading. We can start with a daily chart and we look at that chart. Is it an uptrend or downtrend? Where are the key levels - what is the structure of the chart? Then we step down to a lower timeframe. You could even go down to a 4-hourly chart and then you do the same thing.
You're going down and you're analysing the chart as you go down. What is the point of that? We're doing that because we're trying to find something that fits the criteria on every timeframe. This helps us not lose sight of the bigger picture. A short that might look great on a 15 minute chart might not look so great on a 4 hourly chart if the wider market is in bullish territory.
Related Video
Using Multiple Time Frame Analysis to Enhance Trading Success 📈
https://www.youtube.com/watch?v=rGLjp0YRdeA
Видео How to Use Multiple Time Frame Analysis to Find Better Entry and Exit Points 📈 канала UKspreadbetting
How To Perform A Multiple Time Frame Analysis
Multi Timeframe analysis means that we don't limit ourselves to one time frame to place a trade. We check the next higher time frame so as to gain a better perspective on the prevailing trend and then utilise the lower time frame to make our entry. It basically means taking a top-down approach based on the timeframe we're trading. We can start with a daily chart and we look at that chart. Is it an uptrend or downtrend? Where are the key levels - what is the structure of the chart? Then we step down to a lower timeframe. You could even go down to a 4-hourly chart and then you do the same thing.
You're going down and you're analysing the chart as you go down. What is the point of that? We're doing that because we're trying to find something that fits the criteria on every timeframe. This helps us not lose sight of the bigger picture. A short that might look great on a 15 minute chart might not look so great on a 4 hourly chart if the wider market is in bullish territory.
Related Video
Using Multiple Time Frame Analysis to Enhance Trading Success 📈
https://www.youtube.com/watch?v=rGLjp0YRdeA
Видео How to Use Multiple Time Frame Analysis to Find Better Entry and Exit Points 📈 канала UKspreadbetting
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