Multiple timeframes is another means of getting better market clarity

[EarnOnVictor]

It's never a bad saying that "two are better than one," and most times in trading, 'multiple' could even be better, if not the best. This topic is a sequel to my initial topic on the better approach between one or more strategies in trading (https://bitcointalk.org/index.php?topic=5454944.0). As expected, some went for one strategy while others went for combined strategies in which the latter being my preference as it helps me filter my trading signal better than when I use a single strategy.

Now, it's the turn of the timeframe. These two (strategy and timeframe) are so important in trading as they have rightly shaped my trading today. Although I don't condemn any trading approach, yet I discovered in my trading experience that one of the mistakes traders make is to stick to a single timeframe. They believe it will not confuse them forgetting that there are many other traders working on other timeframes that they ignored. They often blame their strategy and might not know that the same strategy is warning them on another timeframe(s) that they ignored.

Whether you are a long or short-term trader, no matter the timeframes you are using to analyze the market, others might be trading differently. This is more reason why I like to use at least 5 timeframes for trading, which will surely increase my chance of capturing the true psychology of the market at that time. And you know what? All of them must agree on a particular direction before I pull the trigger.

This is another style that may slow your trading down, but believe me, it's to your advantage. It's worth it as it filters noise out of the market and makes you trade less, lose less and win more.

Expect more on another topic...

[Franctoshi]

I wonder if there is a trader out there who only sticks to one timeframe to carry out their trades, To get a clearer picture of the market, One must do a multi-timeframe analysis of the market or a top-down analysis, which is simply starting from the monthly, or weekly, daily and the rest of other timeframes to execute trades. We use monthly, weekly, and daily timeframes to determine the market direction while H4 and below are the best timeframes for entries.

[taufik123]

The Time Frame and the strategy used really have to be in sync. Holding only one Time Frame depends on the strategy used.
As in scalping trading then the Time Frame used is a faster Time Frame TF 5M down and for Holding can use a larger Time Frame.

I do not even focus on just one Time Frame, because each Time Frame will provide information about the direction of the market and in combination with Indicators that can help more clearly about the state of the market.

The higher the Time Frame, the clearer the market direction will be.

[Renampun]

using more TFs might be a bit inconvenient for many traders, bearing in mind that monitoring one TF requires a different approach from one to another. I personally use 2 TF, the first is hourly and daily. I find more suitable using this 2 TF especially when the market is a little unstable, I use more TF per hour because it's much easier to monitor the market using this TF. I just need to analyze and draw a line and determine which point to go out or enter.

but for those whose style does not suit short trading, it is best to avoid TF of an hour or so, bearing in mind that the smaller the TF, the smarter you must be in determining points to sell and buy quickly. because if you choose the wrong step, in a matter of minutes your money can disappear, so one must be smart to choose a TF that suits their trading style.

[gabbie2010]

I wonder if there is a trader out there who only sticks to one timeframe to carry out their trades, To get a clearer picture of the market, One must do a multi-timeframe analysis of the market or a top-down analysis, which is simply starting from the monthly, or weekly, daily and the rest of other timeframes to execute trades. We use monthly, weekly, and daily timeframes to determine the market direction while H4 and below are the best timeframes for entries.

Multi timeframe analysis enable a trader to view the true picture of the trend of the market, it is always advisable not trade against the trend, therefore when all the timeframes indicates that the price is trending in the same direction then there is tendency of earning profit if a perfect entry is triggered by the trader personally I trade using 4 hour timeframe with three moving Averages to determine to the bias of the trend bullish or bearish and drop down to 1 hour timeframe for second analysis thereafter drop down to 15 minutes for entry, however trading using a single timeframe is counterproductive and very risky.

[tbct_mt2]

Whether you are a long or short-term trader, no matter the timeframes you are using to analyze the market, others might be trading differently. This is more reason why I like to use at least 5 timeframes for trading, which will surely increase my chance of capturing the true psychology of the market at that time. And you know what? All of them must agree on a particular direction before I pull the trigger.

Trading is hard and even you are trading, with shorter time frame for your trading positions than what you can do with investment, you should look at the chart from wide time frames to narrow time frames.

Wide time frames like year and month charts can help you to see overviews of market cycles and latest trend. Such overview will help you to have better plan for your trading and help you to have plan B when your trading position is failed. If you trade spot, when your Plan A fails, you can use Plan B and do something like moving from Trading to Investment. It helps you to avoid loss from  Trading.

Narrow time frames will help you to find good entries for your trading positions and potential exit prices to take profit as well as cut loss prices. You can not find those prices if you only look at narrow time frames and skip wide time frames.

[yhiaali3]

Whether you are a long or short-term trader, no matter the timeframes you are using to analyze the market, others might be trading differently. This is more reason why I like to use at least 5 timeframes for trading, which will surely increase my chance of capturing the true psychology of the market at that time. And you know what? All of them must agree on a particular direction before I pull the trigger.

I find using multiple timeframes very good for long term trading but for day trading or scalping I don't find it very useful.

This analysis takes a long time and will never be useful for scalping deals or day trading that depends on small and fast deals, so in this case it is better to use one time frame, mostly H4, which is preferred by most traders.

But of course, in the long term, more than one time frame must be used to obtain the market trend in a way that makes you able to make the appropriate decision.

[GreatArkansas]

For me, using multiple timeframes is a good thing indeed, regardless of what are you trading. Because using multiple timeframes will help you to get a good entry.

It will help you to identify trends and patterns because you are not sticking to only a one-time frame, it will help you to decide also until when your trade is valid.
Using multiple timeframes also can help you better time when to enter and exit trades.

[borovichok]

For me, using multiple timeframes is a good thing indeed, regardless of what are you trading. Because using multiple timeframes will help you to get a good entry.

It will help you to identify trends and patterns because you are not sticking to only a one-time frame, it will help you to decide also until when your trade is valid.
Using multiple timeframes also can help you better time when to enter and exit trades.

I set high timeframes for long-term transactions and low time for scalping the market. Our major goal is to identify good market entries, which is why I'm acquiring the skills to implement analysis using both high and low timeframes. Markets are examined using timeframes that correspond to trend lines and trading patterns. Combining several timeframes provides you a more comprehensive perspective of the market. These timeframes are typically lengthy such as one week, a month, or even a year, for the reason to understand the project's chart pattern.

[gunhell16]

This is just proof that our experience is the one that will teach and tell us what we should and shouldn't do in conducting trading activity here in cryptocurrency. That's a good thing you did, honestly speaking. An individual trader needs to know what timeframe he is going to work on, and he should also be able to feel the direction a coin's value is headed.

And it's good to apply that timeframe for me in spot trading, I've already tried it on myself, though, I'm not an expert person as a trader but instead, somehow I get a profit from conducting trading activity in also by using the timeframe, indicators, and other tools also in the trading view.

[Bananington]

For me, using multiple timeframes is a good thing indeed, regardless of what are you trading. Because using multiple timeframes will help you to get a good entry.

It will help you to identify trends and patterns because you are not sticking to only a one-time frame, it will help you to decide also until when your trade is valid.1
Using multiple timeframes also can help you better time when to enter and exit trades.

Using multiple timeframes to increase how accurate you are when making analysis is a professional tip. Depending on one timeframe in trading increases the chances of you you making wrong decisions in trading. There are many timeframes that you could choose from in trading and they are all available so that you can have a better analysis and be able to analyse the trade your about to place based on different timeframes and not just one. Using a wrong timeframe can make you make wrong trading choices.

[tbct_mt2]

For me, using multiple timeframes is a good thing indeed, regardless of what are you trading. Because using multiple timeframes will help you to get a good entry.

With different time frames, you will have different entries and different open times before you should close your positions.

It will help you to identify trends and patterns because you are not sticking to only a one-time frame, it will help you to decide also until when your trade is valid.

If a trader can use different time frames, more potential entries will be seen and from some potential entries, a trader can choose a best one to open a trade. He can skip entries that contain bigger risk and only open a position with safest entry.

Using multiple timeframes also can help you better time when to enter and exit trades.

It will help a trader to have more possible trades and reduce waiting time between two trades. Like if I trade with 1-hour time frame, I will not have many chances to trade in a day because I have about 8 to 10 hours for sleeping.

[teosanru]

It's never a bad saying that "two are better than one," and most times in trading, 'multiple' could even be better, if not the best. This topic is a sequel to my initial topic on the better approach between one or more strategies in trading (https://bitcointalk.org/index.php?topic=5454944.0). As expected, some went for one strategy while others went for combined strategies in which the latter being my preference as it helps me filter my trading signal better than when I use a single strategy.

Now, it's the turn of the timeframe. These two (strategy and timeframe) are so important in trading as they have rightly shaped my trading today. Although I don't condemn any trading approach, yet I discovered in my trading experience that one of the mistakes traders make is to stick to a single timeframe. They believe it will not confuse them forgetting that there are many other traders working on other timeframes that they ignored. They often blame their strategy and might not know that the same strategy is warning them on another timeframe(s) that they ignored.

Whether you are a long or short-term trader, no matter the timeframes you are using to analyze the market, others might be trading differently. This is more reason why I like to use at least 5 timeframes for trading, which will surely increase my chance of capturing the true psychology of the market at that time. And you know what? All of them must agree on a particular direction before I pull the trigger.

This is another style that may slow your trading down, but believe me, it's to your advantage. It's worth it as it filters noise out of the market and makes you trade less, lose less and win more.

Expect more on another topic...

This is actually a very good idea. Not only because you get better clarity but also because this ensures you know the trend of the market in all time frames. If you know both the long term trend and the medium term trend you know what are you doing in the short term trend as well. It increases your confidence and gives you confluences on any trade.

[Hamza2424]

It's never a bad saying that "two are better than one," and most times in trading, 'multiple' could even be better, if not the best. This topic is a sequel to my initial topic on the better approach between one or more strategies in trading (https://bitcointalk.org/index.php?topic=5454944.0). As expected, some went for one strategy while others went for combined strategies in which the latter being my preference as it helps me filter my trading signal better than when I use a single strategy.

Interesting .

Hmm, Lookin forward now things are getting boosted in the trading discussion section. I do agree with you that two are better but in specific cases.

Now, it's the turn of the timeframe. These two (strategy and timeframe) are so important in trading as they have rightly shaped my trading today. Although I don't condemn any trading approach, yet I discovered in my trading experience that one of the mistakes traders make is to stick to a single timeframe. They believe it will not confuse them forgetting that there are many other traders working on other timeframes that they ignored. They often blame their strategy and might not know that the same strategy is warning them on another timeframe(s) that they ignored.

Timeframe, I do agree with multiple timeframe analysis but a person who is trade specific is not able to analyze different zones. A trader is always recommended to watch the daily timezone or even higher the lower timeframes are not for the day trader. This si the reason you need to be choosey in the timeframes because using non-required timeframes can greatly impact your trade efficiency.

[dimonstration]

Your use of multiple time frame is correct. Longer time frame is perfect to determine the trend movement long term so the price might dip on smaller time frame like hours or days because price is already pumping on previous month or weeks. Smaller time frame is perfect to use on determining the perfect price entry when you already determined the long term trend via long time frame.

Simply,

Long timeframe - Use to determine the general trend
Smaller timeframe - Use to determine a perfect price entry for your long time frame position

[Mahanton]

Your use of multiple time frame is correct. Longer time frame is perfect to determine the trend movement long term so the price might dip on smaller time frame like hours or days because price is already pumping on previous month or weeks. Smaller time frame is perfect to use on determining the perfect price entry when you already determined the long term trend via long time frame.

Simply,

Long timeframe - Use to determine the general trend
Smaller timeframe - Use to determine a perfect price entry for your long time frame position

Switching in between is really that recommendable, you cant really just stay up on a single timeframe specially on to those earlies like 1m 5m 15m. Making out some positions basing with those lower TF
should really be that bias into higher ones because no matter how well you do put up those indicators on lower time frame but it doesnt correlate or fit out on higher TF's then it would be invalid.
You cant really be able to make analysis well if you do make out some comparison. This is why making analysis in between is recommended if you are really that trying to find for some good entry.
You cant really just having a single focus because it wouldnt really be that able to give out good results. Try to zoom out and you would be finding which one would be the
most sensible thing to be done.

[jeraldskie11]

I don't believe someone can be profitable trading utilizing only one timeframe. If you are a day trader, you must first examine the higher time time frame to identify the market structure and figure out if you are long or short, and if you are short, you must next examine the lower timeframe for a short setup. There are also occasions where a solid setup exists in lower tf but not in higher tf; I normally don't trade with such way. I know it works occasionally, but it fails the majority of the time. It is better to always look at the higher time frame while trading because it is stronger than lower time frames.

[Captain Corporate]

I think it also depends on the timeframe that you want to trade in as well. Like for example if you check quicker timeframes, such as 1-3-5-10 minutes, that means you want to do intraday trading, if possible leverage, like x100 or something (advice to do lower) and maybe even as quick as buying and selling within 1 hour if possible. However, if you do 30 minutes, 1 hour, or few hours, that means you might be looking into longer term trades, like you can hold it for a few days at least, maybe as much as a week or more. The longer you keep, it becomes investment and not trading, because I believe someone who held something for over a month means they invested into it, that shouldn't be considered trading. So the timeframes on charts, should equal timeframe on when you want to buy and how quickly you want to sell.

[Faisal2202]

It's never a bad saying that "two are better than one," and most times in trading, 'multiple' could even be better, if not the best. This topic is a sequel to my initial topic on the better approach between one or more strategies in trading

Whether you are a long or short-term trader, no matter the timeframes you are using to analyze the market, others might be trading differently. This is more reason why I like to use at least 5 timeframes for trading, which will surely increase my chance of capturing the true psychology of the market at that time. And you know what? All of them must agree on a particular direction before I pull the trigger.

TBVH (to be very honest) i am so amazed to read that you use 5 timeframes before making entry into the market, i wonder, you must have so much money or do you care about your winning rate that much because As Far As i remember, i never watched 5 timeframes to make any trade. all i do is, check the daily timeframe and monthly timeframe maybe sometimes, weekly too, but before doing that i prefer to analyze the market sentiments overall. Like, for now, weekly charts might be indicating a good profit because manipulation was its highs and still market recovered quickly and approached to $27k in that journey, i know that before every halving of BTC, there comes big dumps that might be manipulated or artificial ones but their occurrence does impact the profit ratio.

So, keeping that in my mind, plus the fundamental analysis too, i perform trading. still with DCA and stop loss. Even by following all of these indicators i never made big profits even mostly i have been in a loss. So, for now, i gave up on the market and doing holding.

Plus, i totally, I agree with your strategy plan, if you always stick to one strategy despite the knowledge of the overall market situation you will definitely going to be liquidated. So, i recently read a topic ->  I found a trading strategy that blew my mind! and every single member guided him to not rely on this single strategy only. But i think, things will become more complex when you chose multiple timeframes, well at least it becomes difficult for me, maybe i am not that much smart maybe i do not want to give it that much try. Well, looking forward to getting more from your experience. please next time share an example too.

[rat03gopoh]

This is more reason why I like to use at least 5 timeframes for trading,

So what are your overall trading achievements?
I think it's better to trim the analysis work to some let's say 2 or 3 most effective time frames just to open one trade, because the remaining 2 imo are just complementary.
For example, you're a scalping trader, the most effective analysis time frame is a 1 minute to 5 minute chart to analyze trend patterns, or a day trader's is 30 minutes to 2 hours.