How to Use Multiple Timeframes to Increase Profitability

2020-10-21T03:20:06+00:00

Hi Thapelo, you have named a common scenario which is faced by traders. Here's how I see it. I'll determine the strength of the higher timeframe trend. And if I'm expecting a retracement. For example, price can break up from a bigger move, but it usually retraces first before going back up again. So if that's the case, what you are see in the 1hr is a retracement before going back to the bigger move of a uptrend. 2 moves you can make. Sell in the lower timeframe (if there's a good setup) but take your profit close (don't aim for a big TP as this is likely just a retracement). OR You can wait for it to go down, and then wait for a confirmation setup to buy it's way back up (entering at the retracement of the bigger move)

2020-10-20T15:41:37+00:00

Thapelo

I have a question regarding timeframes to enter a trade...sometime on D1 and H4 we can see a buying opportunity but H1 tells us to Sell or it selling already..so how do we avoid such situations

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