One of the first decisions to make in trading is that of finding trends/ ranges in a certain time frame. One needs to make a directional decision in this time frame.
I have found over time that executing the trade in one level lower time frame helps to reduce the risk on the trade.
Also I exit the trades on opposit signals in the lower time frame.
Thus making the tactical decisions in one time frame lower seems to help.
Also people talk of not going against the trend. But there are times when the trends are over stretched and one level lower time frame may provide counter trend opportunities. One needs to be very clear of profit targets that may be achieved in such trades and be nimble on the feet, as the main trend may catch up with a force.
Some illustrative articles are here.
Multiple timeframes
and
Triple screen trading system
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