*Multiple timeframes analysis in trading when and how to watch:
FAQ’S on Multiple Timeframe Analysis in Trading.
1) Which timeframe is the most important one that we should look at?
Answer= 5 Minutes, 15 Minutes, 30 Minutes, 1Hour, 4Hours, 1Day, 1Week, 1Month.
2) What are the styles of trading, and which time frames can we look for them?
Answer= Intraday (one day)
Swing (multi-day)
Investing (Long-term)
3) Why can’t we trade intraday on a more oversized time frame?
Answer= Because we need more data for intraday trading, for example, 1 Hour candle= twelve 5-minute candles. Therefore, we cannot make decisions for intraday using bigger timeframe candles.
4) Which time frame should I look at if I am an intraday trader?
Answer= 5 Minutes and 15 Minutes.
5) Which timeframe should I look at if I want to trade for 3 days?
Answer = 15 Minutes and 1 hour
6) Which timeframe should I look at if I want to trade for 7 days to 10 days?
Answer = 1 Hour and 1 Day
7) Which timeframe should I look at if I want to trade for 30 Days to 3 Months?
Answer = 1 Day and 1 week
8) Which timeframe should I look at if I want to trade for 6 Months to 1 year?
Answer = 1 week and 1 Month
9) Which timeframe should I look at while trading Forex and Commodities?
Answer = 1 Hour, 4 hours, 1 day, 1 week
10) Which timeframe is best for drawing horizontal lines for intraday?
Answer = The 1-hour chart time frame for drawing levels and then open smaller timeframes like 5 minutes and 15 minutes for taking entry.
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