Summary: Multiple Time Frame Analysis

Hopefully your now friendly with the Time frame analysis, how to choose and which one to go with. Therefore you can now add multiple time frame analysis to your forex trading toolbox!

To summarize what we learned regarding the multiple time frames lets highlights the importance of

Using multiple time frame analysis. It allows to:

Get a birds eye view.

Here are a few points you should remember:

You have to conclude which time frame it good for your trading style.

And this can be revealed by trying various time frame through different market environments recording your results, and analyzing those results to find what works for you best.

As soon as you found your preferred time frame:

• Go up to the next higher time frame.

• Then make a planed decision to go long or short based on the direction of the trend.

• Then return to your preferred time frame (or lower) to make tactical decisions about where to enter and exit (place stop and profit target).

One of the important of Adding the dimension of time to your analysis is, it gives you an edge over the other tunnel vision forex traders who only trade off on only one time frame. Make it your trading Habit and routine to look at multiple time frames when trading.

Also ensure you practice first al the time, so that:

• You don't wanna get caught up in the heat of trading not knowing where the time frame button is!

• Make sure you know how to shift quickly between them.

• Confused, you should even practice having a chart containing multiple time frames up at the same time!

Pick a set of time frames that you are going to watch, and only concentrate on those time frames. And Learn all you can grab about how the market works during those time frames.

Never look at too many time frames, or else youll be overloaded with too much information and your brain will explode. As a result you will end up with a messy desk since there will be blood spread everywhere. It is recommended you stick totwo or three time frames. Adding Any more than that is overkill and that will be at your own risk.

We can't repeat this enough:

Get a birds eye view.

Using multiple time frames settles dispute between indicators and time frames.