Episode Details

Podcast:

Why We Trade Different Time Frame Charts

In this video:
00:29 – The benefits of trading multiple time frame charts
01:14 – Being flexible as a trader
01:55– Looking at your charts
02:19 – Trading examples from this week
03:25 – High quality trading setups on the H4 charts
03:55 – Live trades taken on the webinar
05:05 – Great results from different time frame charts
06:02 – Trading like this doesn’t require much time in a day

I’m gonna explain to you today why we choose to trade a variety of different timeframe forex charts. How it helps us and how it can massively help you to improve your trading results. Let’s get into that and more right now.

Hey traders! It’s Andrew Mitchem here, from The Forex Trading Coach with video and podcast #333.

The benefits of trading multiple time frame charts

And I want to explain to you about the benefits to you as a forex trader of looking at and trading multiple timeframe charts. So take a step back. Think about the trading, think about the charts, think about the market. It’s little bit like people and the market has different characteristics, different mood swings. It reacts differently to different events. You can never really predicts what’s going to happen. Different forex pairs react differently depending on the time of the day, day of the weeks, sometimes the month, different years. And you never really know which timeframe charts or which pairs are gonna react when.

Being flexible as a trader

So, as traders, we need to adapt, we need to be flexible and one other best ways that we do that and also that’s gonna help you to do that. Is to have the ability to look at a few different timeframe charts. Different charts also pick up those different mood swing