http://www.netpicks.com/multiple-timeframe-analysis/ - Read more Multiple Time Frame Analysis is used by many traders because it gives them an edge in banking profits. One thing you don’t want as a trader is tunnel vision which usually happens when a trader only focuses on one time frame. Multiple time frame analysis is where you take into consideration what is occurring on other time frames that may have an effect on your position. We’ve all forced trades that were marginal at best all because we thought we had to place a trade. Imagine now that your trading system sets up a long trading opportunity but you are confronted by a swing level on a daily chart that has rejected price multiple times…and with greater strength each time. Your probabilities are lower for a successful long trade and you would be forced to sit out on the trade. Consider changing your job title from “trader” to “risk manager” and you will start looking at markets a little differently. There is a very simple action you can take that will not only increase the chance of taking winning trades, but can also keep you out of what will probably be a loser or at the very least, having you sit inside basing action as traders decide which way to play; Use a multiple time frame trading approach. http://www.netpicks.com/multiple-timeframe-analysis/ - Read more - Visit our website: http://www.netpicks.com/ - Download the free indicator blueprint: http://www.netpicks.com/blueprint/ - Options Hot List PLUS Training: http://www.netpicks.com/hotlistdl/

3. Take into
consideration what is
occurring on other
time frames

4. J.O.B.

6. You punch in, do what
you do, go home,
GET PAID

8. We've all forced trades
because we thought
we had to trade

10. Trader
Risk Manager

11. Use a multiple
time frame
trading approach

14. PROBLEM

15. A few things can
happen at this level
when price comes
back…..

16. Price can be rejected
right at the level

17. Can pierce through to
take the stops and
then fall

18. It can blow right
through it

19. We operate in the land
of “not knowing”

21. You would have been
able to filter even the
best trade signal

22. Basing at the level
U-turn and move in
the other direction

23. TAKE NOTICE

24. Not simply reserved
for finding roadblocks

25. It is a
100% probability that
other traders can see the
exact same levels

26. What does that
mean for you?

27. Traders will be looking
for breakouts

28. Traders will be looking
to fade the initial move

29. Trades will be looking to
trade the first pullback
after level break

30. These levels are "in
the public eye" for a
length of time long
enough to be noticed
and acted upon

33. A pullback trader would
have not been in that
trade (depending on
their skill level)

36. Multiple analysis can
give you a heads up
on what other traders
may be doing

37. Knowing this may also
have you choosing a
different trading play
on the time frame of
your choice

38. Let's take the standard
pin bar strategy

39. Daily Chart

40. WHAT TIME
FRAMES TO
ANALYZE

41. Your intermediate time
frame is the one you
will find your trading
setups on. (Example
daily)

42. Your higher time
frame would be a
weekly chart (5 daily
charts in a trading
week)

43. Your lower time frame
would be hourly chart
(5-6 hours in a trading
day)

44. DRAWBACK OF
DIFFERENT TIME
FRAMES

47. "what type of trade will
I be looking for?"

48. What if hourly is
showing we had a big
correction on the daily
and are heading back
to the upside?

50. Multiple time frame
analysis does have
drawbacks

51. It is true that moves
on the larger charts
come from moves on
smaller time frames?

52. www.netpicks.com/traders-who-are-trapped/

53. Up thrusts and springs
can certainly point you
towards the end of
accumulation/distribution
on higher level charts

54. If something stands
out, take notice