This chart gives you the panoramic view. It is used exclusively to find the long-term trend and major support and resistance zones. You do not look for entries here. If the macro trend is down, you look only for short opportunities later. 2. The Trading Timeframe (The Setup)
Used to time the entry and place the stop-loss. Conclusion
[ Macro Timeframe ] ---> Defines the dominant trend and major structure | [ Trading Timeframe ] -> Identifies chart patterns and setups | [ Micro Timeframe ] ----> Pinpoints the exact entry and exit execution 1. The Macro Timeframe (The Trend) technical analysis using multiple timeframes better
Confluence is when multiple, independent indicators agree on the same price level. Multi-timeframe confluence is the holy grail.
Defines the intraday trend and key daily levels. This chart gives you the panoramic view
However, when you use a Daily chart as your Navigator, you gain .
Once confirmed, place your entry order, place your stop loss just below the local structural low, and target the next major level on the higher timeframe. 4. Overcoming Common MTFA Pitfalls If the macro trend is down, you look
Refines market structure and identifies potential trading zones or patterns.