how to trade

Multi Time Frame analysis: Forex Charts

Traders use multi time frame analysis to give them an edge on short term and long term traders. This is because using a mix of time frames can show you areas in the market that provide resistance, support, or expected moves. There is no reason every trader doesn’t keep multi time frame analysis as one of their key tools in trading. It takes the bigger, more influential, picture of the maket, and applies this to the shorter time frames. You end up with the best of both worlds.

This video shows you how and therefore why you can and should use multi time frame analysis

Multiple Time Frame Analysis Video

By Bruce Banks

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.

Tick Charts: an in depth video guide

By Bruce Banks

Why Use Tick Charts In your trading?

In this comparison video between tick charts and time charts, we break down how they are formed. This allows you, as a trader, to understand when to use tick charts in your trading, and how they can give you an edge over some of the standard charting methods.

Key points about tick charts before the video starts:

They are based on trades. They ARE NOT based on how many contracts are traded. This means that a trader who buys/sells 1 contract is treated the same as a trader who trades 100 contracts. This is important to know
Common values are 233T, 466T, and 512T
They can clean up after-hours trading to make your charts look cleaner. This is because they will form less bars when there is less trading happening.

how to trade

Why do traders choose to use multiple time frame analysis and how they have an edge in trading?

Why Use Tick Charts In your trading?

Comparing Tick Charts and Time Charts because they are the most commonly used.

Bruce Banks Trader And Trainer