Video: Use These Timeframe Combinations for Accuracy (Trading Hack)

Powerful trading concepts to boost your consistency and long-term performance in the Forex, Indices & Commodities markets.

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Do you want to get the best entries in your setups?

Of course. We all do. So here’s your short guide on how to:

• Avoid confusion on how to analyse multiple timeframes
• Be more precise with your entries for higher risk:reward
• Get clarity on which direction you actually want to trade in

Step One: Picking your timeframe according to your style

What type of trader are you? If you’re a scalper obviously you’d choose the lower timeframes. But when you don’t see your setup, do you find yourself going to other timeframes and suddenly seeing a possible setup you’re tempted to enter?

It’s the discipline to decide and stick to your commitment. Be a specialist, not a jack-of-all-trades.

Remember: the specialist heart doctor earns more than your general everyday doctor.

Your Table Guide

Below you’ll find the combinations to use. I’ve found these to be optimal. On the left is the timeframe you use for analysis. On the right is the entry timeframe.

Of course, you can enter on even lower timeframes and get even sharper entries, but as always, this requires experience and more attention and energy to execute. You decide if it’s worth it for your lifestyle.

As a basic guide, here’s how I go about my analysis on a daily basis – and how you can to

• What timeframe are you trading? Decide and set your mind that you are analysing on that one
• Do your analysis no the higher timeframe (using the combination table)
• Mark your areas/zones of interest in advance
• Wait for the market to reach that area
• Anticipate a reversal pattern, inside that area
• The entry signal will be your candle pattern confirmation

Example

Below is a simplified example of a combination. On the left, the Daily chart is bullish and an area to look for a Buy scenario is marked out. On the right, that same area box (107.00-107.30) can be monitored for the market to trade into. We haven’t reached there yet, but at least now we know that there’s no need to do anything, unless the market reaches it AND creates a reversal. We have our focus point.

Avoid the headaches and confusion; just stick to your timeframe and only trade in the areas you have marked as high probability – not where the market is currently.

Happy trading.

Written by: Dima Mihailovich, Technical Analyst for Forex Prop News

Contact and follow Dima on Twitter: @dimafpn

(Please note: All comments made in this video and article are not trading or investment advice and are for education purposes only. You are responsible for your own decisions and the risk that goes with it.)