Understanding Multiple Time frames to AVOID BAD TRADES IN OPTIONS
Using multiple time frames in trading can help you make better decisions and increase your chances of success:
Understand trends
By looking at multiple time frames, you can identify market trends and align your trading with them.
-Find entry and exit points
You can use multiple time frames to find ideal entry and exit points. For example, you can use a longer time frame to make strategic decisions, and then use a shorter time frame to make tactical decisions.
-Reduce risk
By looking at multiple time frames, you can reduce the risk of making rash decisions based on short-term changes.
-Identify support and resistance
You can use multiple time frames to identify critical support and resistance levels.
-Gain a comprehensive view
You can use multiple time frames to gain a comprehensive view of the market.
-Improve risk management
You can use multiple time frames to fine-tune stop losses.
PGDM in finance, having 5+ experience in Equity, commodities , forex analysis and trading.
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