There are a number of ways to analyse the market with MTF. I use 3 charts, each chart is a division in time by 4 thus giving my analysis a fractal quality (15/60/4hour). As with all price action charts, what you see on the higher time frames in terms of patterns and price action in general, can also be seen on lower time frames. Obviously, these patterns do not appear on each time frame all at once. So I use a multitude of elements spread across these time frames to see what the markets are telling me. I might have a pinbar with high volume showing on the 4hour for a long, my 1 hour might show fib level support on the hour chart and the 15min might show an inside bar at a fib level, to again,support a long entry. My middle chart (60min) is my trigger chart, my initial port of call for early warnings signs of an impending signal, and I seek confirmation from the 4 hour (the longer term traders) and the 15 min (the shorter term traders) for further signs to then scale in my entry at a more micro level. I might just need confirmation on one other time frame but three is better.
Other systems I have read about here on FF might use just one indicator on multiple time frames with which to make an entry such as stochastics using a top down or bottom up approach. The stochastics needs to be at an identical position mirrored in time on at least one other time frame .
At first MTF analysis can seem confusing as one signal might be contradicted on one time frame by another. However, MTF can also provide the opportunity to trade more effectively in both directions as you have a visual of possible S/R areas on the larger time frames if you go against its trend on the shorter time frames for quick pips.
I want to hear about your experiences of MTF analysis and signal generation your tips and secrets that help you to avoid analysis paralysis and confusion and/ or whether you don't think MTF is useful at all and why.
Cheers
Other systems I have read about here on FF might use just one indicator on multiple time frames with which to make an entry such as stochastics using a top down or bottom up approach. The stochastics needs to be at an identical position mirrored in time on at least one other time frame .
At first MTF analysis can seem confusing as one signal might be contradicted on one time frame by another. However, MTF can also provide the opportunity to trade more effectively in both directions as you have a visual of possible S/R areas on the larger time frames if you go against its trend on the shorter time frames for quick pips.
I want to hear about your experiences of MTF analysis and signal generation your tips and secrets that help you to avoid analysis paralysis and confusion and/ or whether you don't think MTF is useful at all and why.
Cheers