Long term timing of multiple millisecond pulsars can contribute to the study of an ensemble pulsar time scale PTens. A wavelet decomposition algorithm (WDA) was applied to define a PTens using the available millisecond pulsar timing datA. The PTens obtained from WDA is more stable than those resulting from other algorithms. The Chinese 50 m radio telescope is specially designed for PTens study and detection of gravitational wave background via millisecond pulsars timing observations. A scheme for multiple millisecond pulsar timing and ensemble pulsar time study is discussed in some detail.