
Multi time frame
Multi-time Frame. All Forex traders heard about this term but being not knowing how they implement this concept during the actual trading .I will try here to explain how the app in the Forex market when trading actually.
This explanation will be dedicated to the daily working time chart works and looking for daily deals
1- Open the biggest chart (daily chart) and determine the general direction of the recent Trend on the frame of the chart and select support and resistance levels facing price.
2- Open 4H Chart and determine the direction of the recent Trend and identify support and resistance levels and must have direction on 4 hours frame in the same direction as the daily time frame.
3- Open The Hourly chart and define support and resistance levels and get the opportunities that are consistent in direction with the of Daily and 4H Time frame.
4- If you disagree the general trend of the recent Trend on the Hourly frame of the recent Tend in The Daily Chart and 4H chart trading risk situation carefully but I better stay away.
5- you must follow the timing of important news may reflect everything.