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Multiple Time Frame Analysis 多重时间框架分析: Page 5 of 7

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How to Do Multiple Time Frame Analysis to Find Better Entry and Exit Points

How to Do Multiple Time Frame Analysis to Improve Your Forex Trading

No, we aren’t about to break out into song like the Glee cast.

Here at BabyPips.com, we’ve got our version of a mash-up, which we like to call the “Time Frame Mash-up”.

This is where multiple time frame analysis comes in to play.

This is where we’ll teach you how to not only lock in on your preferred trading time frame, but zoom in and out of charts so that you can knock a winner out of the park.

You ready? You sure you can hack this? You’ve basically got a semester left of BabyPips.com High School of Pipsology?

You don’t wanna quit now do you?

Didn’t think so!

First of all, take a broad look at what’s happening.

Don’t try to get your face closer to the market, but push yourself further away.

You have to remember, a trend on a longer time frame has had more time to develop, which means that it will take a bigger market move for the pair to change course. Also, support and resistance levels are more significant on longer time frames.

Start off by selecting your preferred time frame and then go up to the next higher time frame.

There you can make a strategic decision to go long or short based on whether the market is ranging or trending. You would then return to your preferred time frame (or even lower!) to make tactical decisions about where to enter and exit (place stop and profit target).

Just so you know, this is probably one of the best uses of multiple time frame analysis – you can zoom in to help you find better entry and exit points. By adding the dimension of time to your analysis, you can obtain an edge over the other tunnel vision traders who trade off on only one time frame.

Did you get all of that? Well, if you didn’t, no worries – we’re gonna go through an example now to help make things a little clearer.

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.

Multiple Time Frame Analysis: EUR/USD in a clear uptrend

She sees that the pair is clearly in an uptrend.

This signals to Cinderella that she should ONLY be looking for BUY signals. After all, the trend is her friend, right? She doesn’t want to get caught in the wrong direction and lose her slipper.

Now, she zooms back to her preferred time frame, the 1-hour, to help her spot an entry point. She also decides to pop on the stochastic indicator.

Multiple Time Frame Analysis: EUR/USD testing the ascending trend line

Once she goes back down to the 1-hour chart, Cinderella sees that a doji candlestick has formed and the stochastic has just crossed over out of oversold conditions!

But Cinderella still isn’t quite sure – she wants to make sure she has a really good entry point, so she scales down to the 15-minute chart to help her find an even better entry and to give her more confirmation.

Multiple Time Frame Analysis: EUR/USD holding above the ascending trend line

So now Cinderella is locking her eyes in on the 15-minute chart, and she sees that the trend line seems to be holding pretty strongly. Not only that, but stochastic are showing oversold conditions on the 15-minute time frame as well!

She figures that this could be a good time to enter and buy. Let’s see what happens next.

Multiple Time Frame Analysis: EUR/USD uptrend continued

As it turns out, the uptrend continues, and EUR/USD continues to rise up the charts.

Cinderella would have entered just above 1.2800 and if she had kept the trade open for a couple of weeks, she would have made 400 pips! She could have bought another pair of glass slippers!

There is obviously a limit to how many time frames you can study. You don’t want a screen full of charts telling you different things.

Use at least two, but not more than three time frames because adding more will just confuse the geewillikers out of you and you’ll suffer from analysis paralysis, then proceed to go crazy.

Is there a wrong way to do multiple time frame analysis, you ask? Some of our forex friends have been nice enough to give their two cents on this matter through this forum thread on multiple time frame analysis. At the end of the day, it really is all about finding what works best for you.

利用多重时间框架寻找进出场位


  
       欢迎回到我们的课堂,我们将推出最新版本的混搭,我们把它称作“时间框架混搭”。

       所谓“时间框架混搭”,就是对多重时间框架或不同时间框架进行分析。

       这意味着,我们将教你,如何做到不仅只是关注你所偏好的交易时间框架,也应该关注更长期时间框架和更短期时间框架,只有这样,你才可以在交易中胜出。

       准备好了吗?你确定可以做到这点吗?你已经学习了本系列课程的一半,你不想就此放弃,是吧?

       首先,你对市场的运行态势应该有一个总体的把握。

       不要将你的脸过分的贴近市场,你需要和市场先保持一段距离。

       你必须记住,在长期框架内的某一趋势需要更长的时间形成,这意味着汇价走势的改变需要更大的市场波动配合。同时,支撑和阻力位在长期时间框架内的稳定性也更强。

       在选择好你所偏好的时间框架后,你应该关注更长期时间框架内的价格走势。

       在更长的时间框架图形上,你可以基于市场是处于趋势运行或是区间运行来做出相应的做多或是做空决定。随后,你再次转向你所偏好的时间框架(或更短期时间框架),以确定你的入场和退出策略(设置止损和获利目标)。

       如你所知,这很会可能是多时间框架分析的最佳使用方法——你可以通过对短时间框架图形的分析来确定你的入场和出场点位。而对更长时间框架图形的分析,你可以获得那些只关注单一时间维度的交易者所不曾好获得的更加广阔的交易视角。

       你都明白了吗?如果你还没明白,不要紧,我们将举例帮助你把事情了解得更清楚。

       听过灰姑娘的故事吧?假设灰姑娘厌倦了每天都在家打扫清洁的生活,并决定开始做外汇交易。

       在经过一段时间的模拟交易后,她认识到她最喜欢交易欧元/美元,而她也最愿意在1小时图上进行交易。她认为15分钟图变动太快,而4小时图变动又太慢——毕竟,她需要充足的睡眠来保持她美丽的容貌。

       灰姑娘首先做的事是观察欧元/美元4小时图。这将帮助她确定汇价的总体趋势。

       她发现,欧元/美元处于明显的上升趋势中。

       这一信号表明,灰姑娘要做的仅仅只是找到买入信号,毕竟,趋势是她最好的朋友,对吧?

       现在,她再次回到她个人所偏好的时间框架——1小时图上,这将帮助她确定入场点位,在做出交易决定之前,她也会借助随机指标的帮助。

       当灰姑娘打开1小时图时,她发现欧元/美元已形成十字星,而且随机指标已经在超卖区域形成金叉!

       但是,灰姑娘仍然不是十分确定——她想要进一步确定她已经找到良好的入场点位,所以,她打开15分钟图形,以帮助她获得更加好的入场点位,并给她更多的确认信息。

       现在,灰姑娘将她的注意力全部集中在15分钟图上,她发现,趋势线相当的稳定。不仅如此,随机指标在15分钟图上也显现出超卖状态!

       由此,灰姑娘得出结论,这可能是一个不错的进场买入机会。现在,让我们看看,接下来发生了什么。

       正如随后看到的,欧元/美元上升趋势在继续,且汇价在小时图上继续走高。

       如果灰姑娘在1.2800上方入场,且如果她在未来数周持有这张单子,她的获利将达到400点。她也可能买了一双新的水晶鞋!

       对于你应该对多少时间框架内的图形进行研究,也应该有个限度。你也不想看到,在一个布满图形的屏幕上,这些图形向你发出的都是不同的交易信息吧。

       我们的建议是,至少观察两个时间框架下的图形,最多不超过三个,因为你观察的不同时间框架图形越多,你的困惑也会越大,这样,你的分析将会陷入停顿,你也将走向疯狂。