Post
Topic
Board Trading Discussion
Re: Multiple timeframes is another means of getting better market clarity
by
rat03gopoh
on 19/06/2023, 14:42:45 UTC
This is more reason why I like to use at least 5 timeframes for trading,
So what are your overall trading achievements?
I think it's better to trim the analysis work to some let's say 2 or 3 most effective time frames just to open one trade, because the remaining 2 imo are just complementary.
For example, you're a scalping trader, the most effective analysis time frame is a 1 minute to 5 minute chart to analyze trend patterns, or a day trader's is 30 minutes to 2 hours.