Kreslik.com - traders community since 2006

Hi traders

I would like to know how do you do multi time-frame analysis because when I look at the charts all I see is that each time-frame has it's own trend so how do you get the higher time-frame direction ?

MrsViolet wrote:Hi traders

I would like to know how do you do multi time-frame analysis because when I look at the charts all I see is that each time-frame has it's own trend so how do you get the higher time-frame direction ?

For me, if my trigger is on the 1-min, I am looking at the 5-min.

One time frame higher.

However on top of that, I would know what the H1 or H4 is doing. You could play it H4 and Daily as an alternative.

Doing it this way means that if say the H1 is showing Buy, I am looking at the 5-min to move from a sell into a buy look to match.

As soon as I see that, it's down onto the 1-min and looking to get in long on a micro sell move as it changes to buy.

So basically (in the language of ''normal'' trading) all I am doing is working at buying dips on a small-scale trend (and obviously flipped for short side action).

MrsViolet wrote:Hi traders

I would like to know how do you do multi time-frame analysis because when I look at the charts all I see is that each time-frame has it's own trend so how do you get the higher time-frame direction ?

THERE IS NO TREND!

Trend only exists in the mind of the trader.

The only true chart is the 1-tick chart.

All other charts are DATA COMPRESSION.

TheRumpledOne wrote:

MrsViolet wrote:Hi traders

I would like to know how do you do multi time-frame analysis because when I look at the charts all I see is that each time-frame has it's own trend so how do you get the higher time-frame direction ?

THERE IS NO TREND!

Trend only exists in the mind of the trader.

The only true chart is the 1-tick chart.

All other charts are DATA COMPRESSION.

Okay can you please look at the attached image you can see that if I tried to sell I would get stopped out immediately as this is a clear up trend so I am struggling with direction

You can call it TREND if you like. But if you look at different time frames, you may have a different opinion.

I see a turn trade at the bottom, Inside bar breaks to the upside and price exiting lower wick zones to the upside. I don't see TREND.

I see you are using an indicator I wrote about a decade ago.

I also see price RETURNING to the open of BIG BARS.

For the record, I have never traded USA100.

MrsViolet wrote:

TheRumpledOne wrote:

MrsViolet wrote:Hi traders

I would like to know how do you do multi time-frame analysis because when I look at the charts all I see is that each time-frame has it's own trend so how do you get the higher time-frame direction ?

THERE IS NO TREND!

Trend only exists in the mind of the trader.

The only true chart is the 1-tick chart.

All other charts are DATA COMPRESSION.

Okay can you please look at the attached image you can see that if I tried to sell I would get stopped out immediately as this is a clear up trend so I am struggling with direction

Even without the pa info that TRO mentions, it seems to me all the information you needed was on your screen on the right.

Any down "trend" was tagged as weak against a strong Daily trend upwards and a scalp trade entry only was advised.

LeMercenaire wrote:

MrsViolet wrote:

TheRumpledOne wrote:
THERE IS NO TREND!

Trend only exists in the mind of the trader.

The only true chart is the 1-tick chart.

All other charts are DATA COMPRESSION.

Okay can you please look at the attached image you can see that if I tried to sell I would get stopped out immediately as this is a clear up trend so I am struggling with direction

Even without the pa info that TRO mentions, it seems to me all the information you needed was on your screen on the right.

Any down "trend" was tagged as weak against a strong Daily trend upwards and a scalp trade entry only was advised.

Okay the other thing is time-frame alignment you see on the info board its daily and H1 if I want to enter on M15 which time-frames should I follow ?

TheRumpledOne wrote:You can call it TREND if you like. But if you look at different time frames, you may have a different opinion.

I see a turn trade at the bottom, Inside bar breaks to the upside and price exiting lower wick zones to the upside. I don't see TREND.

I see you are using an indicator I wrote about a decade ago.

I also see price RETURNING to the open of BIG BARS.

For the record, I have never traded USA100.

Thank you I like this system I only need to know how to filter out the signals and not take them blindly like on the download you saw price turn so you would ignore any sell signals that's what I struggle with on how to filter it

MrsViolet wrote:

LeMercenaire wrote:

MrsViolet wrote:
Okay can you please look at the attached image you can see that if I tried to sell I would get stopped out immediately as this is a clear up trend so I am struggling with direction

Even without the pa info that TRO mentions, it seems to me all the information you needed was on your screen on the right.

Any down "trend" was tagged as weak against a strong Daily trend upwards and a scalp trade entry only was advised.

Okay the other thing is time-frame alignment you see on the info board its daily and H1 if I want to enter on M15 which time-frames should I follow ?

For 15-min I personally (if forced to chose only one) would use H1.

LeMercenaire wrote:

MrsViolet wrote:

LeMercenaire wrote:
Even without the pa info that TRO mentions, it seems to me all the information you needed was on your screen on the right.

Any down "trend" was tagged as weak against a strong Daily trend upwards and a scalp trade entry only was advised.

Okay the other thing is time-frame alignment you see on the info board its daily and H1 if I want to enter on M15 which time-frames should I follow ?

For 15-min I personally (if forced to chose only one) would use H1.

Okay thanks will try this will keep you posted when market opens