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6. Day Trading Lesson 6: Multi Time Frame Analysis

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http://www.informedtrades.com/... The sixth lesson in a series on technical analysis for active traders of the forex market, futures market, and stock market. We should now have a good understanding of how to spot trends in the forex market, stock market, and futures market. Now lets tie everything together we have learned thus far with the final concept of this series, Multi Time frame analysis. No matter what time frame you end up using as a trader or what time frame a particular strategy calls for, it is important always to have a big picture overview of what is happening in the market. Although there are exceptions, in general most traders will tell you that if your trade setup or analysis lines up on multiple time frames, then the odds of being correct are greatly increased.

Channel: Education
Uploaded: December 31, 1969 at 6:59 pm
Author: InformedTrades

Length: 03:42
Rating: 4.76
Views: 14759

Tags: business  daytrade  finance  forex  fututres  informedtrades  investing  money  stocks  trading  

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Video Comments

lachuz (December 31, 1969 at 6:59 pm)
Hi Dave,Thanks for taking time to reply. Can't thank enough for sharing valuable insight and knowledge.Regards,lr
InformedTrades (December 31, 1969 at 6:59 pm)
Thanks for the comment. You can always go short however I personally prefer to trade with the longer term trend even when trading shorter timeframes as I feel that this ups my chances for profits. I do not personally scalp the market however if I were going to do this I would focus on the 5 and 1 minute timeframes. Best Regards, Dave
lachuz (December 31, 1969 at 6:59 pm)
Hi Dave, Amazing work. You mentioned below in your comments that your bias would be for going long. Since the 5 minutes and hourly charts are trending down i should be able to go short for a scalping trade correct? By the way you mentioned in an earlier video that day traders look for the daily charts and lesser time frame(1 hour, 15 minutes etc) charts. So my question is for scalping what time frame you take into account?Thanks,lr
InformedTrades (December 31, 1969 at 6:59 pm)
since the long term trend is higher my bias would be for long trades in this example. Best Regards, Dave
jforex78 (December 31, 1969 at 6:59 pm)
Hi Dave,In this example, what did you conclude? Bias with Long or Short trades?Thanks.
ThatsMore (December 31, 1969 at 6:59 pm)
IM SO HORNY!! any1 want 2 cyber?? my MSN messenger is in my profile. f
InformedTrades (December 31, 1969 at 6:59 pm)
Hi Jyoti, My pleasure thank you for the comment and for watching. Best Regards, Dave
bavarikudum (December 31, 1969 at 6:59 pm)
Dave,Your lessons are simple and effective. Thanks for sharing the knowledge.RegardsJyoti
InformedTrades (December 31, 1969 at 6:59 pm)
Hi Waterpig916, Good to hear from you again. I prefer to have an understanding of what is going on from a fundamental standpoint and place trades based on technicals. Best Regards, Dave
waterpig916 (December 31, 1969 at 6:59 pm)
Thank you very much. I was instructed to prepare for this knowledge by monday. My ceo believes wants me to train to do more techinical analysis. Do you prefer fundamental or technical? Cheers.

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