Multiple Timeframe Trading: Need Advice

Hi everyone. If I have a 1 hour, 15 minute and 1 minute chart giving me buy signals, which chart is best to enter and exit the trade? Thanks.

This question deeply depends on which plan or rules for trading you have....You must know what is your trigger chart according to your strategy...

If you use 1h,M15 and M1 good plan could be to watch higher timeframes (in your case H1) and entering on M5 for better RRR...but also bear in mind that when you trading mtf approach you cannot connect timeframe as you like...

You must know daily,monthly,weekly moves on each pair as also all pairs act different.......

If your general chart is 1h,1min trigger is disastrous for entries but M15 is way better and stronger support for H1.....M15 is disastrous if your primar chart is Daily but H1 and H4 will be much better triggers....

If your chart is H4 think about M30 and H1....or enter in H4 when you look at next week....

You see how many combinations you can have and much much more.... first of all write your rules......your rules will give you plan.....plan will learn you how markets act....work on your plan until you got experiance.....when you get experiance you will get Aha moment...and when you you get Aha moment than psyhology comes into a game and where most traders fail....it is hardest part.....if you live all this you will slowly see light at the end of tunel....

Many many step are in beetwen but this is general idea....

Wish you many green pips!

Regards

I never thought about looking at the weekly and monthly charts. I will start doing that. You have been very resourceful for me this morning and it is greatly appreciative.

Well this community is here for to help each other.....

Regards!

it is comon to use Daily, 1 hour, 5 minutes or15 minutes, 1 minute is just noise if you ask me, you should avoid,
and it depends on how much pips you want on each trade,

you first look at the Daily for direction, then you go to the 1 hour and wait for a reversal in the Daily direction,
finally you dial into the 5 minute (trigger chart) and enter the trade inte the daily direction,
once the trade progresses, you will monitor it on the 1 hour timeframe to start,
the trigger chart is only for entry, if the trade goes very far then you can start to monitor it on the Daily exlusively.

it really doesnt matter which 3 time frames you use as long as there is enough time gap between them so you can see the trends within on each timeframe.
and you can use more than 3 timeframes but why complicate it more than needed. some traders use only 2.
what you should think about is to use a prooper time gap or the whole thing is pretty useless.
for example, a monthly and a 5 minutes, are way to wide, and a Daily and 4 hours are way to short. cheers

You must find your own way to being succesful because nobody can do that for you; i'm saying this because for me 1minute charts are not noise but represents the very essence of forex; actually tick charts but i feel good with 1M. You cannot look at monthly charts if you are interested in 1 minute and 5 minute charts, unless you will be trading long term and 1M and 5M charts you will use for refining your entry.