How to Combine Multiple Timeframes for Accurate Trades on JustMarkets

The best strategy in Forex trading for increasing accuracy in trades is the use of multiple time frames. This strategy involves the study of different time frames in the market in order to gain a clearer understanding of the market direction to be able to come up with the right decision. JustMarkets is perfect for traders who want to polish up their approach as the switch between the timeframes is a piece of cake on the offered platform. Below you will find a step-by-step procedure on how to use multiple timeframes in JustMarkets to increase trading accuracy.

Why Use Multiple Timeframes?

Having multiple timeframes proved helpful as it gives an overall view of the market and a close-up view. Thus, the higher timeframe offers the overall tendency as a result of the deals while the lower timeframe offers correct entries and exits in that tendency. As requested by traders, JustMarkets provides different charting types and analysis tools to guide them. Have trouble with multiple timeframe analysis? You’re not alone, Trading Assistance JustMarkets is here to help!

Steps to Combine Multiple Timeframes on JustMarkets

Having detailed or multiple timeframes combined together in JustMarkets can help to gain a more profound trading vision and better understanding of short-term fluctuations. First, start with the setting of different period charts with daily, hourly or 15-min، so you are provided with the overall picture as well as details of the chart. These individual formations will then need to be matched to patterns and signals on each timeframe in order to confirm the direction of the market, and results in a higher level of certainty in the decisions being made.

Determine Your Primary Timeframe

The initial strategy under the multiple timeframe concept is the determination of the base time frame depending on the trader’s personality. For instance, it is common for swing traders to target a daily chart for analysis, while the day trader has to be 콘티에 뜬 지도 for an hourly chart. This primary timeframe allows you to set a strong background you can use to assess the primary market trend on JustMarkets and therefore general trends.

Choose a Higher Period for the Trending Analysis

Then go to a higher timeframe to confirm the same trend after choosing your initial time frame. For example, if you are working on an hourly chart, using the daily or four-hour chart as the higher timeframe will define the dominant trend. There are different time frames to trade in JustMarkets’ web platform and this is helpful when you try to determine whether the market is in an upward or downward trend or congested.

Use a Lower Time Frame for Precise Entries and Exits

A lower time frame must be applied for entering and exiting to form precise data inputs.

After that, you find out the trend in the greater time frame you switch to a lower time frame in the entry and exit signals. For instance, if you are using a daily chart for the long-term direction and four hours as your main time frame, then a 15-minute chart can be used to get the entry and exit points. Many trade solutions in line with the overall trading trends can be detected because while dealing with JustMarkets, all the lower time frames are open for analysis.

How to Synchronize Signals Across Timeframes

Looking at one chart and comparing it with another is not enough when working with different timeframes; they should be synchronized. Find the circumstances, where your higher timeframe trend and primary timeframe structure correspond to the lower time frame indicators. For instance, if we are in a bullish higher timeframe cycle, the best time to enter is after seeing bullish signals within the lower timeframe cycle. Even though moving averages and trend lines are great tools, it is easy to get mixed up on the correct trades to make at different time frames when using JustMarkets but using just the tools available on JustMarkets you can get signals from both timeframes that are congruent and accurate.

Conclusion

To sum up, it is possible to conclude that a multi-framed strategy offers a great solution to currency trading and increases the degree of exactness and choice in the Forex market. All these necessary tools you can find in JustMarkets which allows you to use this method to be working on the trend with positions on short-term fluctuations at the same time.