Trade entry using smaller time frames

Yesterday I spoke about using smaller time frames to confirm events that are happening on a larger time frame. Today I will discuss using smaller time frames to assist in entering a trade, and to make small profits.
Below is a daily chart of the EURUSD. I will show you how you could have made a small profit from the boxed area. The 2 large red candles in the box moved a total 415 pips, to have made some money from them you would have used a smaller time frame.

In the 4 hour chart below we had a candlestick reversal shape in the way of a head and shoulders. This shape is also at a RN and we have convergence on the MACD.

Through using the 4 hour chart we would have been able to enter the trade and make some money from the small shorting position.


This is only an example of how to use different time frames with one another, as opposed to just using the one time frame. It also depends on what kind of trader you, whether you are a swing trader or prefer a more short term trade.
I hope this was useful and hope you are able to put this into practice on your own trades.

Good Luck and happy trading.