How To Trade Using Larger Timeframes In 3 Simple Steps

Here’s how to trade using larger timeframes in 3 Simple Steps:

Step 1:

Check the larger times…see if price is near to resistance or support levels, trendlines etc…that should  give you a “rough” idea of when (how many days, hours etc) price is going to hit that level.

Step 2: zoom in

Then zoom in the the next largest timeframe and see if you can spot any price action there that will give you an idea of the best entry point/price level.

Step 3: Zoom in further and look for the signal.

Then zoom in further (if you can) to actually get down to a much close look at price action on the timeframe where you intend to sell (or buy) and if you are conservative, then wait for the sell signal.

I don’t need to explain a lot do I?  A picture is worth a thousand words! So with 3 pictures above, that’s 3000 plus words, right? 🙂

Please share this by clicking those links below! Thanks