Timeframe Lenses 1 : Wizard Materials Other - Elysia Private Mentorship

Summary

In this video, the speaker explains their time frame lenses approach to trading, emphasizing that there is no one-size-fits-all solution. They break down two main approaches—Approach A and Approach B—demonstrating how they use a combination of different time frames for better trade analysis. The speaker shares their personal method, favoring mid and lower time frames to align with institutional order flow and avoid distractions from higher time frames. Additionally, they offer a step-by-step guide on calculating time frames and encourage viewers to experiment with their own strategies for better data collection and trade decision-making.

Takeaways

• 😀 Time frame lenses approach is a flexible strategy for trading, with no limitations on choosing time frames.
• 😀 The speaker prefers using personalized trading systems, but emphasizes that others can modify the approach to suit their own preferences.
• 😀 There are two main approaches: Approach A (detailed) and Approach B (simplified), with the speaker currently using a variation of Approach B.
• 😀 Approach B involves using a mix of one-hour, one-day, and one-week time frames to identify opportunities, focusing on mid-time frames.
• 😀 The speaker aligns their trading with institutional order flow, ensuring higher and mid-time frame structures are in agreement before making trades.
• 😀 The lower time frame is crucial for detailed market entry points, while the higher and mid-time frames give context to larger trends.
• 😀 For calculating time frames, the speaker uses a step-by-step multiplication method to convert time periods (e.g., 1 hour to 1 day, 1 day to 1 week).
• 😀 A key part of the strategy is adjusting the time frame approach depending on your chosen entry time frame (e.g., 1 hour, 5 minutes, etc.).
• 😀 The higher time frame narrative is emphasized, with an understanding that when it rises or falls, it influences the behavior of the lower time frames.
• 😀 The speaker suggests experimenting with different time frame strategies, based on the provided calculation method, to find the best fit for individual trading preferences.

Q & A

What is the main focus of the video?

The video focuses on explaining the time frame lenses approach used in trading strategies, with a particular emphasis on different approaches (A and B) to selecting time frames.

What is the key difference between Approach A and Approach B?

Approach A is more detailed and involves multiple time frames, whereas Approach B is a simplified variation that uses a 1-hour, 1-day, and 1-week time frame combination.

Why does the speaker prefer Approach B over Approach A?

The speaker prefers Approach B because it aligns more closely with their personal trading style, focusing on mid-time frames and the broader market context while avoiding too much focus on higher time frames.

How does the speaker define the lower time frame in their approach?

The lower time frame is defined by the specific time frame chosen for entry, which can be as short as 1 minute or as long as 1 hour or more, depending on the trader’s preference.

What is the role of higher time frames in the speaker's trading strategy?

Higher time frames are used to understand the broader market structure and align with institutional order flow. They provide the context for the lower and mid-time frame strategies.

How does the speaker calculate the time frames for trading?

The speaker calculates time frames by multiplying a selected lower time frame by 24 (to get a day), and then progressively multiplying by 7 (days), 4 (weeks), or 3 (months) to get the appropriate higher time frames.

Can traders customize the time frame calculations?

Yes, traders can customize the time frame calculations by selecting any time frame they prefer, and the same calculation method applies regardless of the time frame chosen.

What does the speaker mean by 'money flow' in the context of time frames?

Money flow refers to the direction of institutional trading activity, which the speaker tracks using the time frame structure to determine whether the market is bullish or bearish.

What is the significance of using a combination of lower and mid-time frames in trading?

Using a combination of lower and mid-time frames helps the trader identify precise entry points while ensuring that these entries are aligned with the overall market trend established by the higher time frames.

What advice does the speaker give for traders who want to try this approach?

The speaker advises traders to experiment with the time frame approach, to focus on the mid-time frames, and to avoid overanalyzing the higher time frames while maintaining alignment with institutional order flow.