Post
Topic
Board Trading Discussion
Re: Multiple timeframes is another means of getting better market clarity
by
Hamza2424
on 18/06/2023, 16:47:32 UTC
It's never a bad saying that "two are better than one," and most times in trading, 'multiple' could even be better, if not the best. This topic is a sequel to my initial topic on the better approach between one or more strategies in trading (https://bitcointalk.org/index.php?topic=5454944.0). As expected, some went for one strategy while others went for combined strategies in which the latter being my preference as it helps me filter my trading signal better than when I use a single strategy.

Interesting Undecided.

Hmm, Lookin forward now things are getting boosted in the trading discussion section. I do agree with you that two are better but in specific cases.

Now, it's the turn of the timeframe. These two (strategy and timeframe) are so important in trading as they have rightly shaped my trading today. Although I don't condemn any trading approach, yet I discovered in my trading experience that one of the mistakes traders make is to stick to a single timeframe. They believe it will not confuse them forgetting that there are many other traders working on other timeframes that they ignored. They often blame their strategy and might not know that the same strategy is warning them on another timeframe(s) that they ignored.

Timeframe, I do agree with multiple timeframe analysis but a person who is trade specific is not able to analyze different zones. A trader is always recommended to watch the daily timezone or even higher the lower timeframes are not for the day trader. This si the reason you need to be choosey in the timeframes because using non-required timeframes can greatly impact your trade efficiency.

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