how to trade multiple time frames
Post on 24-Jan-2017
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Applies to trading as well
Multiple Time Frames=
Bigger Picture
Dr. Alexander Elder
Our setup chart
http://www.netpicks.com/drawing-trend-lines/
Context
What we don't know is where we find ourselves in terms of the higher
time frame.
In this case, we want to zoom out to the weekly
chart.
Weekly demand line much lower
Downside resumptionWeekly chart down
Room to run
Protective stop placement
4 hour chart
Lower than that can lead to a lot of “random” action
Pivot
Legitimate test
Failure test
Breakouts can be an entry in the context of higher time frame pattern
Can you make a case for the trade?YES
Conservative entry
Setup chartTrend plus structure
Trade entry
Merge into your current trading system/method
www.netpicks.com
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