Trading multiple timeframes means trading the candles from 5-min charts to weekly charts. We, however, watch from 2-min charts to even yearly charts. Yearly candlestick chart on gold is fantastic for background. The patterns are consistent since the beginning of the golden bull market from 2001. The volatility is inside the year in intraday, daily and weekly charts. Most people only see the daily volatility. he-he
Even as we take short-term profits, we are also waiting to add to long-term trades on the SAME trading vehicle whether stocks, options, ETFs, currencies, commodities, etc.
Here's a nice technical chart. We, however, use a different technical chart using candlestick, multiple averages, volume plus, fibonacci levels, etc.