Extended Multiple Time Frame Analysis by Tristan Jeanneault
Seeing The Undercurrents
This new twist to applying multiple time frame analysis will
help you refine your entry and exit points.
Multiple time frame analysis (MTA) is not a new concept
to traders but it can be examined in a new way, making
it a more robust tool. The concept can be used in
conjunction with any trading strategy, and it works well
for most markets that can be traded. MTA allows you to set
up your trading desktop and:
Identify the underlying trends in the market
Gauge the strength of a trend
Visualize the potential maximum daily range of the
Visualize the common levels of support/resistance
over multiple time frames
Filter existing trade indicators (signals)
Refine your entry and exit points.
Most traders trade with the market trend, buying or selling
retracements against the prevailing one. However, many traders
become frustrated when the retracement they buy or sell
is actually an inflection point in the market, leaving them in
a trade against the new trend, ultimately leading to a stopout
and fewer profitable trades.