The Importance of Trading Multiple Timeframes
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- Опубліковано 28 лип 2024
- People imagine trading like mission control with dozens of screens all round and some traders indeed like that. PLEASE LIKE AND SHARE so we can bring you more! However in some kind restricting the amount of data helps to clarify the wider picture. I think you can trade perfectly find on delayed charts although clearly if you are trading 5 minute timeframes this wouldn't work. Having discussed patterns and trends, a central pillar of my trading activity surrounds the notion of trading multiple time horizons analysis which is that we look at any one market from the perspective of a daily, weekly and monthly chart and we want them all to be aligned in one direction. That's a perfect trading situation for me. I don't want to see one market with a bull signal and one market with a bear signal.
Many traders will try to look at multiple time frames and wait until all the lights are green. I don't know what they are looking at and they certainly do not have a plan if one light turns red.
In many instances traders are faced with different and contrary signals. A daily or weekly trader would probably be long on a particular stock. While most intraday traders would be short right now...
Intraday and short time frames will have a trader making more trades than a daily or weekly. The shorter intraday trader can trade with less risk per trade than the longer term time frame trader. An intraday trader can use smaller percentage stops than the daily or weekly trader.
Pick one time frame, and make your trading signals in that one time frame. It drives me crazy when these market timing newsletters issue analysis on daily, weekly and 60 minute charts. Who cares? I only care about the time frame in which I need to make a decision.
Excellent interview from somebody who knows what he is talking about.
5:30 was a key part of the video
Very high quality perspective. And I like the thoughtfulness.
down trend in daily , uptrend in weekly and monthly could work its shows that there is a correction coming very good chance to buy cheap as posilble
Quite an informative interview. Thank you
SIR , YOU GAVE ME A BRIEF IDEA ABOUT MULTIPLE TIME FRAME ANALYSIS (TOP-DOWN / BOTTOM-UP) ANALYSIS THANK YOU
Thoughtful indeed ,nice job.
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Great video👍👍
Thank you.
Nice vedios thank you sir
Timeframes are absolutely essential for a valuation of momentum and direction, sadly the interview didn't really cover it in enough detail, although I did agree with the other general points about trading.
totally my kind of style, less is more
Sounds like a plan gonna try this out.
Very insightful video.. may i know his name pls.. do we have more such videos from him?
Check ua-cam.com/video/SxhoGSvcRRg/v-deo.html
but what is wrong about the man who trades the GBPUSD for 10 years if he is able to profit from both ways, short and long?
Wow
Technical indicators are great!! (For selling books and providing snake oil for trading "educators.")
I believe anyone who talks with this accent