Advantages of using multiple time frame to trade

Trading Discussion
1

Hi,
I would like to share some of my insight on how i see the market. Hope this helps everyone.

Part 1: Weekly timeframe

picture part 1.1

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Technical anaysis: Able to see the market (the crowd) behavior. The market will only be in two state, either in trending (uptrend or downtrend) or balancing.

picture part 1.2

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Zoom out on the secondary trend, crowd B’ picture part 1.2.

picture part 1.3

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Getting to third trend below.

picture part 1.4

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Note: From the crowd behavior, we can then trade accordingly. From this weekly chart, i can see that the downtrend is over (Primary trend, crowd A’), and now the market is in (Secondary trend, crowd B’,) I will now take opportunity to trade accordingly to what balance trends offer to profits.

<To be continued>

2

Part 2

Back to weekly chart, in crowd B’, balance trend.

Picture part 2.1

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In those 2 zones, buyers and sellers will fight to dominate the market. whoever win will decide the price direction.

Picture part 2.2

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Picture part 2.3

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Note: By the weekly chart, i first determine what the crowd behavior is in. I will now move to the third part which are, to long or short, when to enter or exit the pair by moving down to lower time frame.

<to be continued>

3

What currency pair is it?
Do you swing or day trade off weekly charts?
What happens if ‘the crowd’ is wrong or you are? What is your risk strategy?

Context is all.

4

Part 3: Daily Chart

Picture part 3.1

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I’ll zoom in further in this daily chart from picture below.
Picture part 3.2

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and zoom in further again.

Picture part 3.3

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And if i want to win smaller pips, i’ll zoom in further to find the fourth trend (crowd D’), fifth trend (crowd E’) or six trend (crowd F’).

P/S: Hope my sharing will benefit everyone and change how you see the market today. Understanding the real nature of market behavior is very important to determine your success in trading any investment instrument.

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BR,
Victor Lew;)

5

Well francesco sani (pipmehappy), if i am wrong then i will simply lose money… haha but i don’t think the crowd will be wrong. My set up will records all the crowd behavior from the weekly long term traders, even up to month and to the shortest 1M scalper, but with 5M chart, you can see better. :5:

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6

Thank you, Forex88.

7

And of course, having a multi monitor setup will definitely help you to analyst better and faster.

8

Still able to monitor forex pairs using my cheap china tablet when i am away.

That’s all in this post.

Happy Trading and many pips to all.

BR,
Victor Lew

9

Eight screens???

10

Very artistic and colourful, though. Would go down well in one or two London galleries, perhaps? This collection puts my “art” thread to shame … :8:

11

One more hidden at the back where i teamviewer with my cheap china tablet… haha

12

I must say different time frames help trades to confirm trend . I also see 3 to 4 trading then it is easy for me to decide at what point I have to trade. Some times small time frames did good and some times bigger time frames say us exact things all about trading.

13

A great advantage is that you can see a clear picture of the trend if you see a higher time frame than your trading time frame.

14

Hi lexys, haha someone have even enriched my system before but after i hinted how i look at the chart, we get along pretty well.

Hi imbest and forexcrisp, thank for your comments.

Many pips to all.

Regards,
Victor Lew

15

Very good point of view, objective thinking, it deserves attention.