So now you’re done! Now you can add multiple time frame analysis to your forex trading tool box!
Using multiple time frame analysis allows you to:
Get a Eagle eye view.
Here are a few tips you should remember:
You have to decide what the correct time frame is for YOU.
This comes from trying different time frames out through different market environments,
Once you’ve found your preferred time frame
dding the dimension of time to your analysis gives you an edge over the other tunnel vision forex traders who only trade off on only one time frame.
Make it a habit to look at multiple time frames when trading.
Make sure you practice!
Choose a set of time frames that you are going to watch, and only concentrate on those time frames.Learn all you can about how the market works during those time frames.
Stick to two or four time frames. Any more than that is overkill.
Using multiple time frames resolves contradictions between indicators and time frames.