Bermaui Pin Bars Multi Time Frames Panel

Hello everybody,

When you add " Bermaui Pin Bars" to your chart you will notice in the upper right corner that I added a "Multi Time Frame" panel (MTF Panel) that tells you the current situation for each time frame of the symbol on the chart. So, you can figure out the current trend on all time frames when a new pin bar appears.

The MTF Panel is very useful for trend traders, because it is logical that current time frame follows higher time frames. Let me tell you this story that happened between me and my friend Yassin.

I was away from my office when Yassin called me. He wanted to ask me about my current opinion for the EURUSD. The conversation went like this:

- Hello Bermaui, I want to know your opinion about EURUSD. I want to buy, but I am worried that it could be a wrong position.

- OK Yassin, I am far away now from my computer. So, please tell me what time frame do you trade?

- One-hour chart.

- OK, is it bullish or bearish.

- Bearish.

- What is the situation of the higher time frame.

- Four-hour chart is bearish.

- And what about the higher time frame.

- Daily chart is bearish too.

- Do you think it is a good time to buy know when all higher time frames are bearish?

- No.

- I suggest that you sell EURUSD.

- You are right Bermaui, it seems more logic for me now. Thanks bye.

Of course in such a situation, it will be more logic to sell, because that is life. The weak follows the strong, the slow follows the fast, and the small follows the big. MTF is logical because it helps us to see the big picture before taking any decision.

Here is an example on EURUSD.

It will be more logical to buy EURUSD on daily charts because the weekly and monthly candles is bullish.

Here is another example on NZDCAD.

Here I will not recommend buying the bullish daily chart, because the weekly and monthly is bearish.

Another very important note. As I said before that MTF is logical. So, does it sound logical to take a buy on five minutes chart because the current weekly and monthly chart is bullish?!

Of course No.

MTF works together like magnets. If you have a piece of iron and two magnets, one is far away by one meter and the other is far away by two meters, then I think it will be logical to assume that the closer magnet will have most of the effect on the piece of iron. MTF works exactly the same.

What I want to say is that: "Only close time frames affect each other".

When you trade with MTF watch the higher two time frames only. If you scalp the one minute, then consider the direction of the five and fifteen minutes. If you swing trade the daily chart, then watch the weekly and monthly time frames. That is how things is done with MTF. That is one way to make from the trend a friend who can gain you profits.

Summary

1. The MTF Panel is very useful for trend traders.
2. MTF follow the natural law of attraction, where the weak follows the strong and the slow follows the quick.
   
3. The close time frames affect each other.
   

I hope you can find Bermaui Pin Bars system profitable for you. If you have any question send it to me and I will answer as soon as I am online. I wish all of you happy trading with Bermaui Pin Bars.

Muhammad Al Bermaui, CMT