Multiple timeframes is another means of getting better market clarity

[darewaller]

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.

Trading can be done in different forms. Some can do the basic and still be profitable. Trading with one frame can be in the basic side of trading but if you think you are now ready to take more risk then why not add more and explore other jargon in trading? If you think this will make you earn even more. If you think lower time frame is sometimes better than the higher time frame then why not try it more often? But, you can still trade with a higher-time trade just in case the other won't work really well. It can serve as a back up you know. Not all traders are the same and maybe some can start or prefer lower time frame more than the higher ones.

[pawanjain]

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...

I think 5 timeframes is an overkill but if it is working out for you then well and good.
I mostly stick to 3 timeframes which gives me a good insight of the market.
Also, sticking to just one timeframe is bad because it doesn't give us the overall picture of the market.
Anyone trading, should use at least 2 - 3 timeframes.

[jrrsparkles]

Usually day traders give more important to time frames and for long term traders its not really helpful in any way cause the trend can be affected by other factors surrounding cryptocurrency market. However it's better to have alternatives instead of just sticking with one or just go with random time frames according to the market situation will be my preferable choice in short term trading.

[EarnOnVictor]

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

This is not about trading with money but striving to maintain consistent winning. Even if you are trading with a little amount, it shouldn't give you a reason to lose it through careless trading.

please next time share an example too.

I don't understand what you meant by the example, I can't have all the trading strategies and plans of everyone to know the timeframe combination best suited for it. The general info is enough for people to know how to blend their combos.

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

Usually day traders give more important to time frames and for long term traders its not really helpful in any way

I disagree with you on that. Although any trader could use one timeframe successfully if a good strategy has been developed for both short and long-term trading, yet in my experience, the two are better monitored and managed with multiple timeframes. Those who trade the long term with higher precisions can still combine 1M+1W+1D or 1M+1W+1D+4H or 1W+1D+4H.

So what are your overall trading achievements?

It's because of the good success rate I shared it with you guys. And if you must know, I have a winning rate of about 85-90% monthly. It could be more if the market is strongly trending. I am a trend trader.

I think 5 timeframes is an overkill but if it is working out for you then well and good.

Handling 5 timeframes together is never overkilled for me and as a matter of fact, it's as flawless to the point that I conclude all the analysis in less than 1 minute. That must surprise you, but you shouldn't be surprised, my only time-consuming strategy which is Trendline has been automated, so it's easy for all my strategies to be read on each timeframe in less than 10 seconds.

[pawanjain]

I think 5 timeframes is an overkill but if it is working out for you then well and good.

Handling 5 timeframes together is never overkilled for me and as a matter of fact, it's as flawless to the point that I conclude all the analysis in less than 1 minute. That must surprise you, but you shouldn't be surprised, my only time-consuming strategy which is Trendline has been automated, so it's easy for all my strategies to be read on each timeframe in less than 10 seconds.

That is indeed surprising to me because it's hard to believe that you can read strategies in less than 10 seconds.
But if it's working out well for you then I am happy for you. On the automation part I am impressed because I am finding ways to automate strategies myself.
Firstly, I am looking for indicators which can give me the right analysis and may be then I will try to automate it.

What I am confused with is that one strategy doesn't work for all coins/stocks and different timeframes.
I did find one strategy but it just worked on one stock and few coins and also just on one timeframe.
When I changed the timeframe the results were not so good.

[tygeade]

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.

I think it is quite obvious that market is a volatile thing and just one strategy wouldn't really work when trading, timeframe is the same because if you pick one that helped you today, could be bad tomorrow and you should be aware of that. This is why it makes sense to just focus on what you have, and not what you could have in the future if you are right, because you might turn out to be wrong.

Trusting even in yourself to be always right is wrong, certainly wrong if we are talking about others. Holding is better, because holding means you are not doing anything weird, you are just holding until it gives you profit and if you can wait for that to happen, no matter how long it takes, the result will be a profit, and you will be right in that regard.

[Timmzzy]

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...

The topic title alone, just said it all because yeah you can't get a proper direction of the market without looking at the bigger picture of where the market is actually going, and trust me with a MULTI-TIMEFRAME analysis lets say for my own pick, i go with the DAILY, 4H, & 15Ms, you will have a good mindset free, how i trade with this timeframes is like this:

• DAILY TIMEFRAME

i use this timeframe to see the overall trend direction, now this is depending on what your setups or patterns you want to see in the DAILY to be like.

• 4 HOUR TIMEFRAME

when am done with what i want to see on the DAILY TIMEFRAME i drop down to the 4HOUR TIMEFRAME to look for my AREA OF VALUE some call it P.O.I(point of interest), P.O.I or area of value can be OB{order block} OR FVG{ Fair value gap} what ever thing you name your poi or area of value, when have marked out my poi or area of value i then drop down to 15ms

• 15ms TIMEFRAME

now this is the timeframe i take my entries and place my S.L {STOP LOSS} for good reward ratio, some can go down as deep as 1 Minute timeframe for entries.

[EarnOnVictor]

I think 5 timeframes is an overkill but if it is working out for you then well and good.

Handling 5 timeframes together is never overkilled for me and as a matter of fact, it's as flawless to the point that I conclude all the analysis in less than 1 minute. That must surprise you, but you shouldn't be surprised, my only time-consuming strategy which is Trendline has been automated, so it's easy for all my strategies to be read on each timeframe in less than 10 seconds.

That is indeed surprising to me because it's hard to believe that you can read strategies in less than 10 seconds.
But if it's working out well for you then I am happy for you. On the automation part I am impressed because I am finding ways to automate strategies myself.
Firstly, I am looking for indicators which can give me the right analysis and may be then I will try to automate it.

What I am confused with is that one strategy doesn't work for all coins/stocks and different timeframes.
I did find one strategy but it just worked on one stock and few coins and also just on one timeframe.
When I changed the timeframe the results were not so good.

You should not be surprised my friend, these are strategies that are always instantly loaded upon opening the trading platform, so reading them are fast, just like glancing at a thing and immediately you know what they are and what they can do. Also, I believe you need more practice to actualize your goal of a good trading system.

But be sure to know that the trading system might not be the issue at times, many abandoned a good strategy because of that, not knowing that no strategy is perfect and traders can't be successful without proper money and risk management to complement the strategy. And good strategy could be one or more, it doesn't matter.

[pawanjain]

I think 5 timeframes is an overkill but if it is working out for you then well and good.

Handling 5 timeframes together is never overkilled for me and as a matter of fact, it's as flawless to the point that I conclude all the analysis in less than 1 minute. That must surprise you, but you shouldn't be surprised, my only time-consuming strategy which is Trendline has been automated, so it's easy for all my strategies to be read on each timeframe in less than 10 seconds.

That is indeed surprising to me because it's hard to believe that you can read strategies in less than 10 seconds.
But if it's working out well for you then I am happy for you. On the automation part I am impressed because I am finding ways to automate strategies myself.
Firstly, I am looking for indicators which can give me the right analysis and may be then I will try to automate it.

What I am confused with is that one strategy doesn't work for all coins/stocks and different timeframes.
I did find one strategy but it just worked on one stock and few coins and also just on one timeframe.
When I changed the timeframe the results were not so good.

You should not be surprised my friend, these are strategies that are always instantly loaded upon opening the trading platform, so reading them are fast, just like glancing at a thing and immediately you know what they are and what they can do. Also, I believe you need more practice to actualize your goal of a good trading system.

But be sure to know that the trading system might not be the issue at times, many abandoned a good strategy because of that not knowing that no strategy is perfect and traders can't be successful without proper money and risk management to complement the strategy. And good strategy could be one or more, it doesn't matter.

Good to see that your trading system is working well for you. I have just started to learn more about the technicals in trading.
I guess it will take a while before I really figure out whats gonna work for me.
As for the timeframes, I mostly stick to 3 timeframes 1D, 1H and 15m which are ideal for me right now.

[Huppercase]

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.

Having multiple time frames doesn't matter, it depends on the price action of your pairs that you choose to trade. For instance, you open a long position of any coin and anticipate for it to go up, whether you are using 30 minutes, 1 hour, 4 hours, 8 hours, and 12 hours, profit will be made if it goes in your direction, what differentiate these time frames is the candle they produce respectively in each time.

Your target as a trader should be your support and resistance regardless of what ever time frame you choose to trade, the gains are going to be the same thing when you measure it and the same thing for loss as well.

[justdimin]

You should not be surprised my friend, these are strategies that are always instantly loaded upon opening the trading platform, so reading them are fast, just like glancing at a thing and immediately you know what they are and what they can do. Also, I believe you need more practice to actualize your goal of a good trading system.

But be sure to know that the trading system might not be the issue at times, many abandoned a good strategy because of that not knowing that no strategy is perfect and traders can't be successful without proper money and risk management to complement the strategy. And good strategy could be one or more, it doesn't matter.

When you are so used to doing a thing, obviously that becomes easier to handle. There are a lot of people who have absolutely nothing to do and they still ended up with a result in the end. Why? Because if you learn what to do and do it for many months even years, then it becomes a second nature and you do it very easily.

There are way too many people who still do not understand what this means and what they should be doing, that's an unfortunate thing but I bet that it is going to be an easy thing eventually. Just realize that it is a life that's a bit harder on that side and you will be able to actually consider it as a good thing. I know people are looking at bitcoin as a way to make profit but you need to work hard to get there for sure.

[tjtonmoy]

I agree with you. Data analysis is the key to successful trades. And what's the best way to do it rather than looking through every available data? Every timeframe has its own unique characteristic. Based on that data, we choose different types of trading strategies. It gives us more freedom to move, collect and analyze data. This helps us to better understand the market's behavior and gives us the best results on when we should enter and exit the market.
The more time you give to something, the better you will become at it. So not sticking to one timeframe and exploring others will take more time, and by doing so, we will get more knowledge.
Overall, it's a good practice to have in order to expand our knowledge and become better at trading. Understanding the market and its movements is essential for successful trades. So no doubt this will help a lot on that matter.

[palle11]

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.

Using different trading timeframe is well advised because all the time frame are Indeed necessary and play there different roles. Analytically , the timeframe can be explained with trying to see what stands before you before it happens. So you can see the short time effect and long time effect of the market by looking closely at the timeframe. 1 minutes and 4 hours will not give same result likewise 4 hours won't give same result with monthly. Example if the market close by the month, it is significant to the expectation of the next month. You watch different timeframe to know when to enter the market and when to exit. Most traders use lower time frame like 1 minutes and between 15 minutes to enter the market and decide when to exit by also looking at the longer timeframe, this is how important timeframe is.

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.

What is worth doing is worth doing well. If you have to trade for profit then it is better to observe all what is good for the trade. It is a good trading strategy to take your time to get things right because if you get it right, it will reflect in the profit.

[Oilacris]

You should not be surprised my friend, these are strategies that are always instantly loaded upon opening the trading platform, so reading them are fast, just like glancing at a thing and immediately you know what they are and what they can do. Also, I believe you need more practice to actualize your goal of a good trading system.

But be sure to know that the trading system might not be the issue at times, many abandoned a good strategy because of that not knowing that no strategy is perfect and traders can't be successful without proper money and risk management to complement the strategy. And good strategy could be one or more, it doesn't matter.

When you are so used to doing a thing, obviously that becomes easier to handle. There are a lot of people who have absolutely nothing to do and they still ended up with a result in the end. Why? Because if you learn what to do and do it for many months even years, then it becomes a second nature and you do it very easily.

There are way too many people who still do not understand what this means and what they should be doing, that's an unfortunate thing but I bet that it is going to be an easy thing eventually. Just realize that it is a life that's a bit harder on that side and you will be able to actually consider it as a good thing. I know people are looking at bitcoin as a way to make profit but you need to work hard to get there for sure.

Yes, it would be wise that you shouldnt really be focusing into a one point on which you wont really be tending to zoom out whenever you do make use of some strategy specially on trading on which we

do really love lots of things that we do need to know or to use up specially on trading. Strategies is  having lots of variations and speaking about multiple timeframes then it would really be just that normal that people should really be trying out to look for some biases on other timeframes on which it would really be that normal that you should not focus on putting up indicators on 1m 5m or 15m without trying to look on 4h 1D TF's on which you would be needing to see some confirmation if those entry or exit points are really that indeed considerable because you could really be
able to make up some patterns on low timeframes but doesnt really match up on higher time frames.

[EarnOnVictor]

As for the timeframes, I mostly stick to 3 timeframes 1D, 1H and 15m which are ideal for me right now.

I must say that this is a very good combination. If one would want to use very large time frames like 1Y, 1M and even 1W, there are other sets of timeframes that work best with them, and the same thing goes for the combining in which the highest timeframe is 1D like yours.

In 3 combinations, I love settings like (1Y, 1M and 1W), (1W, 1D and 4H) and (1D, 1H and 15m) which is yours.

Having multiple time frames doesn't matter, it depends on the price action of your pairs that you choose to trade.

All I could say is that your statement lacks coherence. I'm always with the disposition that traders can use one or more timeframes, it's all about them. But for you to be specifying price action as a basis is out of the line. Price action is the first strategy I use before others are considered and I also have many friends using price action with their multiple timeframes as well.

What's there is that if many timeframes agree on the same trend, it gives better filtering and signal reliability other than how they disagree independently, a situation in which the market might be deceptive with the one you use if care is not taken.

[Flexystar]

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.

Oh yeah, even if I am not doing the trading on regular basis then also I know the fact that you have to have clear picture of lengthy timeline. On one front past timelines can tell you how things were for the projected timeline and during the various events that might have happened. For example it can give clear idea if Bitcoin stood its resistance when FTX collapse was happening or if China declared no bitcoin country etc etc. This is just example but such analysis can be done easily. On the other front it is easy to understand the pattern of specific coin, it’s volume, it’s growth and declining nature etc. This is the reason multiple time frames should be done.

[palle11]

For example it can give clear idea if Bitcoin stood its resistance when FTX collapse was happening or if China declared no bitcoin country etc etc. This is just example but such analysis can be done easily. On the other front it is easy to understand the pattern of specific coin, it’s volume, it’s growth and declining nature etc. This is the reason multiple time frames should be done.

I guess the FTX and China analysis is funny to me even though I understand the point you were making there but however, it is still difficult to see that through the chart except it is a fresh chart, probably the same day they happened. But if it is a long time ago, it may not be easy to know except you are specifically checking for that which may be of no use on the long run because that incident is not repeating itself again. But it is right to use different time frame for trade, it gives more direction for trend.

[Aanuoluwatofunmi]

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.

I strongly believe in this you say, we need to have a multiple of data to compare from each other in other for us to arrived well at the desired destination having better results to proof for it, there are times whereby we will need to sit and make comparisons form what we are having at present to what we already have in times past, this also lies in our individual abilities and how we are able to relate information together to arrived on same outcome using different time frames in both the present and past events with their respective months altogether.

[Hamphser]

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.

I strongly believe in this you say, we need to have a multiple of data to compare from each other in other for us to arrived well at the desired destination having better results to proof for it, there are times whereby we will need to sit and make comparisons form what we are having at present to what we already have in times past, this also lies in our individual abilities and how we are able to relate information together to arrived on same outcome using different time frames in both the present and past events with their respective months altogether.

A very common approach or something which it is really that mainly be needing for you to zoom out on different timeframes so that you would really be able to picture out and to see those indicators would really

give out that kind of idea on which it would really be able for you to make out analysis and would really be able to give out the idea on what you should really gonna do. Always find out for confirmations on other timeframes because if you do stick into small ones but the higher TF's doesnt give out any biases or confirmation then the analysis you had made on lower TF's wouldnt really be that something ideal or
wouldnt really be that good at all.

You would really be able to realize these things on the time that you would really be able to put yourself into this unpredictable market on which checking out in between TF's would
really be that something a very normal step to be done.

[GeorgeJohn]

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.

Do you know that some uses multi time frames analysis, theirs is no trader that uses one set analysis in trading you most at least have diverse timeframe to execute your trading to be able to master the market,  some times some of the traders uses some days to study the market before going into either monthly or weekly in trading, and it's obvious that in trading what can easily make a trader to know the strength of the market is when it uses chart and interpret the chat of the market very well.