How to trade when multiple timeframes are in conflict
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- Опубліковано 25 чер 2024
- For free trading education go to www.tradingwithrayner.com
I’ve got a question recently by one of you asking…
“How do you trade when multiple timeframes are in conflict?”
Now, I’m sure this is a question you can relate to.
Imagine:
You’re looking to long on the Daily timeframe (perhaps there is a bullish setup).
But on the weekly timeframe, the market is in a downtrend. So, what do you do?
Do you still go long?
Do you go short?
Or stay out?
And this is what you’ll learn in today’s episode - how to trade when there are conflicting timeframes in your trading.
So, click below to watch it right now…
Then go read this post on how to use multiple timeframes analysis in your trading.
www.tradingwithrayner.com/trad...
Do you have a question for me?
Just let me know in the comments section below and I’ll do my best to help.
I look forward to hearing from you :)
For free trading education go to www.tradingwithrayner.com
Thanks for watching!
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Hello my friend,
This video comes at a very good time. Yesterday i was short on a drop from the H.O.D., (triple top tested and rejected) and i was certain it'd drop to support then make a bounce.
I got stopped out of that short trade, so i decided to go with the trend in the higher time frame, which was up. Analysis paralysis set in as i made 3 (revenge?) trades to the long, all of them losers.
So then i ignored the htf and went with my original set up, and the price did exactly what i had originally predicted. I made some of that move, and rode the bounce back up, wiping out all my losses
and leaving the day in the green. This video reinforces and confirms my lesson from yesterday...go with the time frame i'm working from. Keep my profit target within the bounds of my S&R.
My trading has improved so much from the lessons you've shared. I've gone from consistently losing to consistently winning. Absolutely amazing, really. I am in your debt, sir. Thank you so very much.
EXCELLENT video, I've enjoyed all your videos that I've watched, but this one just helped with so many issues for me, many thanks Rayner!
1. Wait trend to align itself.
2. Set more consservative TP
3. For ranger stick to current trend
Excellent rayner
Extra option (from Oliver Velez): when in conflict, continue to trade but reduce your hand/lot/volume.
Analysis Paralysis haha. So true. Awesome video Rayner, thanks for sharing
thank you rayner, youve been giving me some imporant advice
Hi Rayner, love your videos bro! Can you make a video on how to club these multiple time frames along with their respective MACD indicators to arrive at a long/short decision? Happy new year!
Very clear thanks
awesome video, thank u
Thanks Rayner. I like that bit about avoiding Analysis Paralysis using just not more than 2 timeframes.
You're welcome, Malik Tukur!
Funny as this completely contradicts your 19 May video on Multiple time frames, which played prior to this video for me. Using that approach there is no conflict on the weekly and daily chart. You would just look at the weekly and take the last bit of the move, which is a continuing down trend. Then switch to daily and you are short. Seems like a better approach.
A good idea is to use multiple MAs on the higher time frame (guppy MMAs) That gives you direction and a sense of momentum (by looking at width). This gives you a good idea of strength of trend and when trend is turning. Then trade on this at the lower time frame.
Hey Raynor, Love your videos. I have just binged watched every video /books on your website this weekend. I will most certainly be joining your academy shortly. I just have a question, how many trades a day do you recommend, especially if you are trend following. Also what platform is best for futures, commodities etc. I am focusing on Trend following. Thank you in advance and keep up the inspiring work!
Thank you Rayner.Have see that looking at different time frames help me to predict whats on the unseen.playing one time frame can be deceiving unless your are scalping?
Another approach is to be sure that 3 or more time frames are in confluence / trending the same direction. using RSI as a simple gauge. bullish direction over 50 RSI for uptrend, and reverse for downtrend. pretty simple and easy way to be on the right side of the trade in multiple time frames. if time frames conflict, no trade. obviously this isnt a trigger to take the trade, just a way to see if this pair is worth further study. Put it on your watch list.
Wow that is a very nice tip thank you
Hi, which time frame you will use the RSI? Thanks.
You are doing great favor to society
yo you the best bro alot of help thanks!
You're welcome, Himansh Dadhwal!
Ok, i get it. Thanx Rayner.
Hi Rayner. Should we also just use two charts for drawing Support & Resistance? ie, Daily & 4H, or would you suggest plotting them on more time frames? Cheers & keep up the good work
i just recently subscribed to yr channel and u already my favorite, )) from your trading experience trend following, do you think the higher the TF the better? i mean, is it better the use 1hr TF and higher and we can still make good trades on smaller time time frames.
Always a great lesson from you Rayner.
Maybe for the next topic, can you share tips how to properly use Position Sizing on trade for both entry and exit? I remember somewhere in you website, one of the component in your successful trade is by Scaling Out??
Currently my trade is still pretty straight forward.
Enter at once, exit at once.
Especially for exit, so many times can't ride the trend for optimal profit when the market tends to give it more.
When I use Trailing Stop, so many times market just hit it and giving back floating profit quite much (30-50%). So, just try to figure out any other alternatives can be used as a solution and wonder whether using Position Sizing can help much on it.
Thanks...
@rayner teo does "wait for align" means wait until 200 moving chart turns on a same direction? Thanks for your help Rayner.
Nice vdo sir.please help me to use which two time frames in entraday trading of crude oil and also for intraday trading of equities.which should be entry timeframe. Thanku sir
Also what other indicators can one use to see if you Trade is okay when you have the conflicting data coming from different time frames.
Hi. Pls does yur strategies also work exactly the same for stocks??
Hi rayner i just have a question abput using these multiple time frames, where is it more suitable to draw the support and resistance would it be the entry time frame or the higher time frame ?
Weekly timeframes is also on downtrend, titanic ship take time to turn than small boat.
I realised that the chart looks different if the Daily Candle Start /End timing is set to local(SG) as compare to New York timing. May I ask what is the default chart time you use?
Rayner in trading with timeframe, should we look at the lower timeframe or higher timeframe for entry?
My Question is Rayner, would you advise traders to live their trades un attended? For example, Ive been setting up on London break with a 50 pips target, and either go back to sleep or go to work but before I go, the market is going my way and when I wake up or back from work, it turned against me! I've been loosing a lot of money like this! So please what would you recommend, keep an eye or ??
Rayner if I'm trading the daily time frame but he 1h and 4h are going the opposite direction... what do you do? Thanks
Nyc information..bro.
Rayner Teo
welcm.buddy
I wait for the time frames to align but if my shorter time frame says cover/buy and then watch as the stock goes up and up I begin to wonder if I'm making the best choice.
Started to learn about Forex yesterday and your videos and way you explain things are very valuable even for me. Really appreciate your effort. Thanks.
Hi,Rayner I"am using 20&50EMA IN 4hr.timeframe .But i don't know First Entry Timing(Point).plz help me.
hey Rayne I've learned to use buy the ask and sell the bid with td ameritradre to get out off orders quickly and take profits. i only do this when the spread is one cent. it's this wise?
Hi Rayner, I got a few questions to ask here. I'm a beginner in trading. So I hope these questions would not annoy you. :(
I'm using these two TF which is H4 and D1.
1. As your video above and previous episodes, you said that if using the MA (200 period ; exponential), wait for both market price in both TF to have the same trend. Lets say both markets in both TF is above the 200period MA. So it means, we have to go Long. What do you mean by go Long? and what do you mean by go Short (whenever both markets of TF is below)? *most important question*
2. . I should follow my entry TF which is H4 right? So every 4 Hours, I would need to check the chart. Is that true? If the entry is still red(-x.xx), should I continue to wait for another 4 Hours?
3. The settings for MA would be 200period, exponential and Apply to Close. What does Close,Open, High,Low,Median Price(HL/2),Typical Price(HLC/3),Weighted Close(HLCC/4) means.
I hope these questions can be answered. Sorry for taking your time and you have great videos and clear explanation.
Thanks a lot for the respond!
For Number 1,
If the market is a bearish trend but both TF shows that it is above MA 200. Should I continue to go long or wait for it to cross below MA 200 and ensure that both has short and start to sell?
Hi Rayner, if I decide to use the 100 EMA as a trend filter, how would that change compared to 200 EMA as a trend filter (for long/short bias). I assume I can get can look to enter a position quicker with a 100 EMA trend filter as opposed to the 200 EMA and also I won't be able to trade in that bias for too long since it's a shorter period EMA? Anything other difference?
The reason why I'm asking is because I trade crypto and a lot of coins don't have enough data for 200 EMA on the daily chart
Hi Ray. Thank for the video. if you using the 200 moving average on Daily what moving average can you use in 4hr and 1hr. Normally when i Trade i use support and resistance what other technical tools can i use to confirm my Trade. I normally use 200 moving average. What else still
Thanks Ray. Question the book that we can download free from you site. Is this above also covered in the books? Thanks for the reply
hi sir I have one question ,?
After long time waiting I missed my set up lots of time so what I have to do?...
Thnx
Do u set your support and resistance on da higher time frame or lower time frame?
I draw it on daily timeframe
Lets I want to swing trade and I’m using the daily chart and 4hr do I set my S&R on da daily chart?
I've been entering on the 2min time frame. But I watch the 2min, 5min, 15min, 30min time frame. The 2min time frame appears to be to fast for me. I'm going to try out the 5min for entries, 15min entries/confirmation as well as the 1hr.
Thanks for giving me a really loud laugh : Saving retail traders from self destruction....
should we chose trades of far month contract to stay with the trend
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hey rayner...if overall stock is in down trend but on day frame 50 EMA rising and crossed 200 EMA. then continuing it's trend. so in this case what would be the SL (below 50 or below 200 EMA)???
where you exit !
you r happy there only .
or
wait closing that candel 50 ema.
hi karan i guess below 50 EMA
Rayner, I have a question about forex and margin and leverage. I've googled this question and I can't find the answer to it.
Just say I open an account with $1000 and there is leverage associated to it. Could be 10:1, 50:1 or 100:1. The question is, just say I am in a trade and it goes against me and I start loosing money, and the amount of money I'm loosing reaches the $1000 initially put in. Just say for some reason, the stock suddenly goes down quickly like to $1600 for a loss, or even something more, would I automatically get closed out at $1000 because I only had $1000 of my own money invested, or could it tank down to the thousands and just say I closed at $3000 at a loss I would owe my broker $3000 at a loss? I'm really confused, and scared about leveraging because I can see how it can make you money, but if it can go against you in the same way why do brokers give you 100 times the amount of money that you don't even have or can pay them back? If you could please help me I would really appreciate. Maybe is a simple question but every time I look up margin the explanation with how much money you could loose is not explained
Rayner Teo so there is no way they would be chasing me to sell my house then? Lol
If I only had $1000 in capital and I blew it, there is no way they could ask for an extra $1000 or so if it kept tanking because they woulda automatically closed a trade?
Thanks, Rayner. But I'm still kind of confused on how to use the factors. IE, If I'm looking at a 1 minute chart, then would the 'higher' timeframe be a 4 or 6 minute chart? If so, do I look at the longer timeframe to determine the latest swing low or high?
I really need help on entering my trade. If I wait for the price to define its current support...then I want to have it test that support....well, by then its off and running and I can't get in at the low price I wanted. Any videos on this?
Look at the candles, pay close attention at them, they tell you everything is going on. Look at the wicks. Have 2 time frames at the same time.1 minute and 5 minutes, 5 candles will make 1 of the 5 minute, you can enter long at a short green candle after a red candle if it has wicks is better but always on a uptrend more then 80 % of the time. Sometimes the 5 and the 1 minute wont line up
you said you stick with 200 MA..On weekly it is above and on daily it is below... So would you go short on daily time frame once price tests 200MA???? or are you trying to saying you will go long on weekly time frame once pirce test 200 MA?? Please a bit confusing...
...I believe you wanna go short on daily time frame once price test 200 MA..
Rayner GREAT info! But I suggest u use South African RAND rather than AFRICAN Rand it don't make sense! It is like saying Asian Baht!rather than Thai Baht!
I love the word "analysis paralysis"
Easy - If there are conflicting time frames (1 Hour downtrend and 4 hour uptrend) STAY THE HELL AWAY FROM THAT PAIR - there are millions of other currency pairs to trade from, and that conflicting time frame pair would have changed by the next day - YOU DONT HAVE TO TRADE EVERYDAY!!!!!!
Rayner, fire your hairstylist fast.
😂 u funny
Disappointed with this vedio
Why?