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How many timeframes do you use to analyze a single pair?

General Forex Conversation - forum.mt5.com
Most trade tutorials I've come across with tend to recommend the use of at least two timeframes to increase the probability of a trade setup, or at least, to minimizw the risk on a trade. Typically, it is said that higher timeframe such as 4 hour chart is the one to define the context, that is, the trend and possible trade location. then a trader switchs to a lower timerrame, e.g 30 minute to fine tune the entry and stop locations. While this approach seems valid, I often struggle to come to terms with various trends present across different timeframes. While the trend on the 4 hour chart may be raring to go higher and higher, 30 minute chart may be indicating a nice downtrend. In such instances, it's often diffucilt to tell what timeframe is more dominant at that time. While it could be argued that higher timeframe will ultimately take control, it is the lower timeframes that creates tha bars in those higher timeframes and eveything that happens on lower timeframes is reflected either as a continuation or reversal on the higher timeframe. So how do you deal with the complications associated with multiple time frames? Do you wait for trend alighnment on each of the timeframe you are monitoring or simply take trades based on the higher timeframe setup?
Date: Jun 19, 2017   


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