November 10, 2011
- in Uncategorized by schooloftrade
Multiple Timeframes Day Trading Strategy
Multiple timeframes are one of the key components to any professional trader’s long term success. Simply put, using multiple timeframes allows you to see the entire market as a whole, while keeping a finger on the ‘pulse’ of what’s happen right now.
An easy way to describe using multiple timeframes would be comparing the FOREST to the individual TREE inside the forest. If you walk into the forest you see the trees, but you may not know where inside the FOREST those individual trees are located. Are they in the center of the forest? The southernmost point of the forest? We need to get above the trees and see where we are inside the forest itself.
Multiple timeframes are essential for telling me where I am in the big picture so I don’t buy the highs or sell the lows. Most new traders make the mistake of not using this simple day trading strategy using multiple timeframes. I look forward to teaching you how to use multiple timeframes every day in our live trade room as a member.
Multiple Timeframes for Market Sentiment
