Why do traders choose to use multiple time frame analysis and how they have an edge in trading?
Multiple time frame analysis is key in trading low time frame charts. You can be trading 5 minute charts, 15 minute charts, or hourly charts. Each of these benifit from an analysis from a higher time frame.
This is because a trader only looking at a single time frame has his blinders on in all directions. He needs to be looking around to understand the entire view of the market, and what is happening. With multiple time frame analysis, you take the higher time frame key points of resistance, support, highs/lows, market events, and then you apply them to the lower time frame to find better entries and exits.