I wonder if there is a trader out there who only sticks to one timeframe to carry out their trades, To get a clearer picture of the market, One must do a multi-timeframe analysis of the market or a top-down analysis, which is simply starting from the monthly, or weekly, daily and the rest of other timeframes to execute trades. We use monthly, weekly, and daily timeframes to determine the market direction while H4 and below are the best timeframes for entries.
Multi timeframe analysis enable a trader to view the true picture of the trend of the market, it is always advisable not trade against the trend, therefore when all the timeframes indicates that the price is trending in the same direction then there is tendency of earning profit if a perfect entry is triggered by the trader personally I trade using 4 hour timeframe with three moving Averages to determine to the bias of the trend bullish or bearish and drop down to 1 hour timeframe for second analysis thereafter drop down to 15 minutes for entry, however trading using a single timeframe is counterproductive and very risky.