How to trade when multiple timeframes are in conflict

I’ve got a question recently by one of you asking…

“How do you trade when multiple timeframes are in conflict?”

Now, I’m sure this is a question you can relate to.

Imagine:

You’re looking to long on the Daily timeframe (perhaps there is a bullish setup).

But on the weekly timeframe, the market is in a downtrend. So, what do you do?

Do you still go long?
Do you go short?
Or stay out?

And this is what you’ll learn in today’s episode — how to trade when there are conflicting timeframes in your trading.

So, click below to watch it right now…

Then go read this post on how to use multiple timeframes analysis in your trading.

Do you have a question for me?

Just let me know in the comments section below and I’ll do my best to help.

I look forward to hearing from you :)

Thanks for watching!

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[smacpost]

Hello my friend,
This video comes at a very good time. Yesterday i was short on a drop from the H.O.D., (triple top tested and rejected) and i was certain it'd drop to support then make a bounce.
I got stopped out of that short trade, so i decided to go with the trend in the higher time frame, which was up. Analysis paralysis set in as i made 3 (revenge?) trades to the long, all of them losers.
So then i ignored the htf and went with my original set up, and the price did exactly what i had originally predicted. I made some of that move, and rode the bounce back up, wiping out all my losses
and leaving the day in the green. This video reinforces and confirms my lesson from yesterday...go with the time frame i'm working from. Keep my profit target within the bounds of my S&R.
My trading has improved so much from the lessons you've shared. I've gone from consistently losing to consistently winning. Absolutely amazing, really. I am in your debt, sir. Thank you so very much.

[therandallyon]

Another approach is to be sure that 3 or more time frames are in confluence / trending the same direction. using RSI as a simple gauge. bullish direction over 50 RSI for uptrend, and reverse for downtrend. pretty simple and easy way to be on the right side of the trade in multiple time frames. if time frames conflict, no trade. obviously this isnt a trigger to take the trade, just a way to see if this pair is worth further study. Put it on your watch list.

[etrade]

1. Wait trend to align itself.
2. Set more consservative TP
3. For ranger stick to current trend
Excellent rayner

[eurobratx]

Funny as this completely contradicts your 19 May video on Multiple time frames, which played prior to this video for me. Using that approach there is no conflict on the weekly and daily chart. You would just look at the weekly and take the last bit of the move, which is a continuing down trend. Then switch to daily and you are short. Seems like a better approach.

A good idea is to use multiple MAs on the higher time frame (guppy MMAs) That gives you direction and a sense of momentum (by looking at width). This gives you a good idea of strength of trend and when trend is turning. Then trade on this at the lower time frame.

[EDKG]

EXCELLENT video, I've enjoyed all your videos that I've watched, but this one just helped with so many issues for me, many thanks Rayner!

[TheArtOfTrading]

Analysis Paralysis haha. So true. Awesome video Rayner, thanks for sharing

[maliktukur]

Thanks Rayner. I like that bit about avoiding Analysis Paralysis using just not more than 2 timeframes.

[allanssozi]

My Question is Rayner, would you advise traders to live their trades un attended? For example, Ive been setting up on London break with a 50 pips target, and either go back to sleep or go to work but before I go, the market is going my way and when I wake up or back from work, it turned against me! I've been loosing a lot of money like this! So please what would you recommend, keep an eye or ??

[richardmashamaite]

Weekly timeframes is also on downtrend, titanic ship take time to turn than small boat.

[aydinrx]

Thank you Rayner.Have see that looking at different time frames help me to predict whats on the unseen.playing one time frame can be deceiving unless your are scalping?

[nicholasc.]

thank you rayner, youve been giving me some imporant advice

[MartinCastlehill]

Started to learn about Forex yesterday and your videos and way you explain things are very valuable even for me. Really appreciate your effort. Thanks.

[slimshadyalan]

Hey Raynor, Love your videos. I have just binged watched every video /books on your website this weekend. I will most certainly be joining your academy shortly. I just have a question, how many trades a day do you recommend, especially if you are trend following. Also what platform is best for futures, commodities etc. I am focusing on Trend following. Thank you in advance and keep up the inspiring work!

[lawrencelawrence]

Rayner in trading with timeframe, should we look at the lower timeframe or higher timeframe for entry?

[Mark-sybx]

I wait for the time frames to align but if my shorter time frame says cover/buy and then watch as the stock goes up and up I begin to wonder if I'm making the best choice.

[ariegunawan]

Always a great lesson from you Rayner.
Maybe for the next topic, can you share tips how to properly use Position Sizing on trade for both entry and exit? I remember somewhere in you website, one of the component in your successful trade is by Scaling Out??

Currently my trade is still pretty straight forward.
Enter at once, exit at once.
Especially for exit, so many times can't ride the trend for optimal profit when the market tends to give it more.
When I use Trailing Stop, so many times market just hit it and giving back floating profit quite much (30-50%). So, just try to figure out any other alternatives can be used as a solution and wonder whether using Position Sizing can help much on it.
Thanks...

[bassfan]

I've been entering on the 2min time frame. But I watch the 2min, 5min, 15min, 30min time frame. The 2min time frame appears to be to fast for me. I'm going to try out the 5min for entries, 15min entries/confirmation as well as the 1hr.

[nickwynjones]

Hi Rayner. Should we also just use two charts for drawing Support & Resistance? ie, Daily & 4H, or would you suggest plotting them on more time frames? Cheers & keep up the good work

[weilonglim]

I realised that the chart looks different if the Daily Candle Start /End timing is set to local(SG) as compare to New York timing. May I ask what is the default chart time you use?

[dhondiramnalapure]

Nice vdo sir.please help me to use which two time frames in entraday trading of crude oil and also for intraday trading of equities.which should be entry timeframe. Thanku sir