3 Tips To Achieve Amazing Results With Entry Technique| Multiple Timeframe Analysis

Описание: You need to understand that most successful traders have a specific timeframe with which they rely on to analyze the market (or make informed decisions).

Rather than using all the timeframes while trading you need to build your strength on a specific timeframe and master how the market moves on that timeframe. (there is nothing wrong with using more than 2 timeframes but in the end they are all additional confluences from the higher timeframes)

Stick one entry timeframe for a start (at least 6months) find your strength in that timeframe and identify which timeframe works well with your schedule, if you are working secularly you would be using the higher timeframes because would not be able to stay on the charts for long hours but if you have a free schedule you have 4 hours without distractions you can start with the lower timeframes for your entry technique

MULTIPLE TIMEFRAME ANAYLSIS
If you have free time on your table you can use the lower timeframe (for students and part-time workers)

SCALPER TIMEFRAME
M30 or M15 timeframe for direction M1 timeframe for entry
Note: M30 (means 30 minutes timeframe same as M15 which means 15 minutes timeframe)

If you don't have a lot of time to trade but you can create a minimum of 2 or 3 hours
DAY-TRADER TIMEFRAME
H4 or H1 timeframe for direction, M15 or M5 for entry

If you have a busy and hectic day on a regular then you would focus on the higher timeframes
SWING TRADER OR POSITION TRADER TIMEFRAME
M1/W1 timeframe for direction, D1 or H4 for entry

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