Multi timeframe

How to use Daily ,4hours and 1 hour when analysing market

The usual ways of doing this is to go ether top down, or bottom up.

This means you either look at the longer time-frame’s TA and price action to find a good target, and then look at the shorter time-frame to find a god entry signal, or you find a good entry signal on the shorter time-frame but then check that it will match the direction and price action shown by the longer time-frame.

But in both cases most traders make sure their short-term trade follows the same direction as the long-term TA.

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You may want to read up on Triple Screen strategy by Alex Elder.

This is all explained in the School of Pipsology, specifically the lessons covering Multiple Time Frame Analyses.

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