How to do Multi-Timeframe Analysis ?
No matter what type of trading you want to do. Starting with higher time frames and zooming into the execution time frame will give you a better trade decisions. For the Average Trader Multi Time Frame Analysis can seem a bit overwhelming and even confusing at times . One of the major reasons that traders avoid Multi-Time Frame Analysis is due to the conflicting information . To start Multi- Time Frame Analysis , You need to start with a TOP - DOWN APPROACH Step :- 1 We Start From Checking the trend in a larger Time Frame Like Daily or Weekly Our First objective is to identify whether the trend is bullish or bearish or sideways STEP :- 2 Next we can zoom into secondary Time Frame like 4-Hour or 1-hour chart to help spot the key support and resistance levels. Step :- 3 Finally ,We zoom in to a particular timeframe to take entries and exits . This is execution time frames where we ideology our strategies , places stoploss etc . These time frame ca...