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Trading Multiple Time-Frames
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In the search for the 'Holy Grail' of trading systems and indicators its natural for traders to work with the idea of multiple time-frames. Often however what seems like a logical trade would end up with people buying at the highs or selling near the lows. Let us examine the value of applying technical analysis in multiple time frames, the natural fallacies, and scary scenarios that actually lead to higher probability trades. Let us examine the original 'Triple Screen System' of Alexander Elder and develop our own version more suited for the currency markets and individual circumstances.