How to Use Multiple Timeframes to Increase Profitability

Multiple timeframes usage in forex trading and in all technical charts are extremely vital to successful trading.

Using multiple timeframes will not only enable you to have a better entry, exit, but it will also let you know when to enter and when not to enter a trade. Overall it increases your profitability when you trade.

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

Ezekiel

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

About Ezekiel Chew

Ezekiel Chew the founder and head of training at Asia Forex Mentor isn’t your typical forex trainer. He is a recognized expert in the forex industry where he is frequently invited to speak at major forex events and trading panels. His insights into the live market are highly sought after by retail traders.

Ezekiel is considered as one of the top forex traders around who actually care about giving back to the community. He makes six figures a trade in his own trading and behind the scenes, Ezekiel trains the traders who work in banks, fund management companies and prop trading firms.