Single time frame trading and multiple time frame trading
Single time frame
Single time frame trading involves only one chart where he trades on
1. More number of entries and whipsaw trades
2.Reversal trade attractions ..which often results in brewing the ledger
Multiple time frame
Multiple time frame analysis is a powerful tool that enables a trader to increase the probability of winning trades and minimise risk. The concept involves observing different time frames for the same asset, identifying the overall market direction on the higher time frames and then looking for entries on the lower time frames.
1. Low risk entries in direction of trend
2. No attractions for reversal trades
3. Limited trades