FOREX THEORY
How to Perform
Multiple Time Frame Analysis
Let’s say that
Cinderella, who gets bored all day cleaning up after her evil step sisters,
decides that she wants to trade forex.
After some demo
trading, she realizes that she likes trading the EUR/USD pair the most, and
feels most comfortable looking at the 1-hour chart. She thinks that the
15-minute charts are too fast while the 4-hour take too long – after all, she
needs her beauty sleep.
The first thing
that Cinderella does is move up to check out the 4-hour chart of EUR/USD. This
will help her determine the overall trend.
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