Post
Topic
Board Trading Discussion
Re: Multiple timeframes is another means of getting better market clarity
by
yhiaali3
on 18/06/2023, 02:10:09 UTC
Whether you are a long or short-term trader, no matter the timeframes you are using to analyze the market, others might be trading differently. This is more reason why I like to use at least 5 timeframes for trading, which will surely increase my chance of capturing the true psychology of the market at that time. And you know what? All of them must agree on a particular direction before I pull the trigger.
I find using multiple timeframes very good for long term trading but for day trading or scalping I don't find it very useful.

This analysis takes a long time and will never be useful for scalping deals or day trading that depends on small and fast deals, so in this case it is better to use one time frame, mostly H4, which is preferred by most traders.

But of course, in the long term, more than one time frame must be used to obtain the market trend in a way that makes you able to make the appropriate decision.