In your H1/D1 instance, you can find your entrance point on the H1 chart in the management of your D1 analysis.
In your H1/D1 instance, you can find your entrance point on the H1 chart in the management of your D1 analysis.
Understanding Multiple Time Frame Analysis (MTFA) will help you comprehend Market structure and so help your trading choices
The greater timeframes regulate the lower timeframes, and the lower timeframes build the greater timeframes
The greater timeframe is your direction timeframe and supplies the commerce signal
The lower timeframes are utilized to provide lower risk entries and exits
Thus once you've got a trade signal in your direction timeframe -
Go to the lower timeframes for your entrance (and exit )
An entrance to a lower timeframe gives a lower risk entrance - so you are able to increase your trade size for the same $risk if you had entered on the direction interval
Any greater TF signal is 1st confirmed on the cheapest TF, and if it is strong enough it'll rise up though each greater timeframe until it reaches your commerce management interval
You should always lookfor confirmation of your direction TF signals (entry/exit) on the lower timeframes
If your entrance signal isn't strong enough to work its way upward to the direction interval
Then have an exit on the timeframe where it fails to advance
how can you decide when to move up to the next phase?
What do you use to define a fad? Use that
once it happens on the next greater period - proceed up to this interval
Keep doing so until you reach your management TF
Bottom line
The lower timeframes build the next higher timeframe
But any greater timeframe signal is more important than the lower timeframes
If in doubt - always refer to the next lower timeframe to tell you what to expect in your greater interval
Sorry if the above is a bit disjointed - it had been just a bit of light relief after a day at the computer
Hope it makes sense
Peter