Considering multiple timeframes as we trade is a sound idea, but identifying those timeframes and understanding which timeframe(s) may be relevant to any given trade we choose to execute can be a challenge.
The above video may help visualize the task. Remember: trading is all about ensuring we have a statistical edge as measured over a large sample size. To be successful, “Job Nr. 1” must be to stay in the game. No doubt it can be done, but trading being one of the most competitive fields of endeavour, establishing and maintaining our edge will not be easy. (The other side of the coin is, of course: successful prospectors will be handsomely rewarded.)
Bottom line, it’s not easy. But again: nothing worth doing is easy.
(Full disclosure: our products and services have been carefully designed to make the above task a little easier.)
Futures, foreign currency and options trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing one's financial security or lifestyle. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
