Start by identifying the trend and key levels on a higher timeframe (daily/4-hour). Drop to a lower timeframe (1-hour/15-minute) for entries.
This prevents trading against the larger structure. A setup that looks good on the lower timeframe but fights the higher one is a weaker trade.
Keep the process simple: higher timeframe for direction, lower timeframe for execution.
Do not over-analyse. Two timeframes is usually enough for a beginner.
Takeaways
- Use a higher timeframe for direction, a lower one for entries.
- This prevents fighting the larger structure.
- Two timeframes is usually enough for a beginner.
Self-check
Why look at a higher timeframe first?
To know the dominant direction so you do not trade against it.
Trading involves risk. Educational only, not advice. Mark it complete to bank progress.