The Weekly Flow by The Ten Year Plan Man...

This will be my "The Weekly Flow" trading system.

I trade all the pairs that I can, and this system is a rules based alerting, then look around a little before deciding to enter, type of system. It monitors the Weekly chart for that alert, then adds the daily chart to help validate the alert before entering. (Yes. I do sometimes later look at the 4hr chart, and even less rarely, bring up the 1 hr chart for a glance.)

I decided to re-enter the forum because of where I am at with trading this very easy system that I put together from my most eye opening Forex moments. I started with around $550 in my account around beginning of Feb., 2017. By July into August I was down to around $230.00. However, when I first started dedicating to this system, I still also strayed from it. It was about that time in August that I finally got rid of those bad habits that were not part of the system.

As of 10/27/17, I regained my losses thanks to finally eliminating enough bad habits, that the system started working.

This will be my The Weekly Flow trading system, and I am the Ten Year Plan Man.....hahahahahaha

Profiles: I have 8 profiles: P1 to P8. The 8 profiles contain a total of , which in-turn consist open 100 open charts. Six of the eight profiles hold 4 pairs (eight charts). The other two profiles hold 3 pairs (six charts). Each pair is made up by both the D1 and the W1 charts. So, if done correctly, one would have 50 weekly charts open and 50 daily charts open.

Indicators: The only indicator I have on my charts is the BB(34). I guess that is the only indicator I have not gotten rid of....hahahahaha....seriously!. It really has little to no bearing on the trade entry or exit, but I guess sometimes it is an overall nice reference.

Okay... here is a 1 of the 8 profiles so you can see what I am talking about......lets see. Now how did this uploading charts thing go again........ See charts at bottom.......

How I trade.......

1. First and most important for me is that I have to see a set-up on the weekly chart before I go any farther.
2. After seeing a set-up on the weekly chart, I will check the daily chart. I will also peak at the monthly and the 4 hour charts if I think I should.

My Weekly Signal....... #1 - This is the main signal.....

1. I start looking to go short after I see 3 closed higher highs in a row, and I look to go long after 3 lower lows in a row have closed. Make sense so far? If not, just wait.... the trades will appear, and you will then see....

2. After getting the third closed higher high, I will want to enter below the low of the last higher high. I will move the entry up if need be. The opposite goes with three lower lows for looking for a high trade, above the high of the last lowest low.

3. Find a stop loss, or at least know your limit as to how far you will go in the negative before closing a trade. Remember you are playing with smaller lot sizes, but still know your limit, and trust yourself. Read the charts.... there will be time to get it right.....

My Weekly Signal....... #2 -Secondary signal.......

1. This is a little more selective/objective trade and how to recognize the signal will come soon... Cripes! I am exhausted.......

Conclusion.......

1. There is of course more to taking pips than the entry. In fact, I find the entry too easy, and one has to be careful. The key to winning money, is to simply stop entering where your are going to lose it. Another words... the SL, TP, are important. Your gut is important, but your eye is more important. What do you see?.... the trees make the the weekly chart forest. Monitoring your pips is also important. I hope that you find like I do the market picture these 100 charts show. And I am only at the start..... looking for one thing on one chart......then I do my best to watch, see, and respond accordingly.....using the time the weekly chart gives me.

More to come....Thank You..... I hope that you have found this useful. Thanks so much! Please feel free to interact in anyway!.. charts, comments, questions...These are things we will have time to think about and discuss,,,

Interesting..........please continue

Thanks for your interest. I will definitely return to post the rules and how I am trading a bit later. As I only trade first off using the weekly chart, I have lots of time to do the other things I have to do in life. I normally check my trades in the AM, and then again in the PM. Once a trade is entered, it is most likely going to stay open for the rest of the week or beyond. Though I do like to think about closing all trades out at the end of the week. The one trick I still am working on is when to not leave the trade open all week, and to place a TP at a place price may reverse. Though this happens only a smaller % of the time, it is important that I keep my eyes open, to continually improve my skills.

I will work on getting my profiles uploaded to the first post later on, so at least anyone interested can see what I look at. In the mean time, my open trades our worry free for me, and I have things to get done before winters full onslaught.

It is nice to have found a way for trading that fits into my day, rather than changing my whole lifestyle to make time for hours of chart watching, while neglecting the rest of my life. Trading the weekly chart, there is always time! I look for two types of entries that are easy to spot. However, I use the one entry more then the other entry, for reasons one might also notice, when determining whether to enter the trade or to pass on it for now.

I also monitor my MM in such a way, that I am able to enter most if not all of the trades that signal. It is a bummer to run out of margin, and additional trades signal. It is important to have a set SL, and to adjust any TP/SL settings, as the trade progresses through out the week. This can all be done within 15-20 minutes each morning and evening. Only checking the balance during my break and lunch on my cell phone. But I don't make any entry decisions unless I am at my computer.

Until later, have a nice day!

Interesting..me also have similar target (10++ years plan). do trading based on the weekly & monthly timeframe

Sounds like at least on some levels we are doing the same thing, though I don't really think what I do is swing trading. I more try to get some smaller moves within a swing leg, but I think you are on the right track trading higher TF's.

Sorry for not getting back to this thread as promised. There is just Halloween stuff going on with family at the moment. As soon as I can though I will be back to finish the first page with rules, etc. Just have not had the time to spend at my charts.

Have a nice day!

Profiles: I have 8 profiles: P1 to P8. The 8 profiles contain a total of , which in-turn consist open 100 open charts. Six of the eight profiles hold 4 pairs (eight charts). The other two profiles hold 3 pairs (six charts). Each pair is made up by both the D1 and the W1 charts. So, if done correctly, one would have 50 weekly charts open and 50 daily charts open.

Indicators: The only indicator I have on my charts is the BB(34). I guess that is the only indicator I have not gotten rid of....hahahahaha....seriously!. It really has little to no bearing on the trade entry or exit, but I guess sometimes it is an overall nice reference.

Does this make sense. Please let me know if you have any questions.

Pls see post 1 for profile template.....

How I trade.......

1. First and most important for me is that I have to see a set-up on the weekly chart before I go any farther.
2. After seeing a set-up on the weekly chart, I will check the daily chart. I will also peak at the monthly and the 4 hour charts if I think I should.

My Weekly Signal....... #1 - This is the main signal.....

1. I start looking to go short after I see 3 closed higher highs in a row, and I look to go long after 3 lower lows in a row have closed. Make sense so far? If not, just wait.... the trades will appear, and you will then see....

2. After getting the third closed higher high, I will want to enter below the low of the last higher high. I will move the entry up if need be. The opposite goes with three lower lows for looking for a high trade, above the high of the last lowest low.

3. Find a stop loss, or at least know your limit as to how far you will go in the negative before closing a trade. Remember you are playing with smaller lot sizes, but still know your limit, and trust yourself. Read the charts.... there will be time to get it right.....

My Weekly Signal....... #2 -Secondary signal.......

1. This is a little more selective/objective trade and how to recognize the signal will come soon... Cripes! I am exhausted.......

Conclusion.......

1. There is of course more to taking pips than the entry. In fact, I find the entry too easy, and one has to be careful. The key to winning money, is to simply stop entering where your are going to lose it. Another words... the SL, TP, are important. Your gut is important, but your eye is more important. What do you see?.... the trees make the the weekly chart forest. Monitoring your pips is also important. I hope that you find like I do the market picture these 100 charts show. And I am only at the start..... looking for one thing on one chart......then I do my best to watch, see, and respond accordingly.....using the time the weekly chart gives me.

More to come....Thank You..... I hope that you have found this useful. Thanks so much! Please feel free to interact in anyway!.. charts, comments, questions...These are things we will have time to think about and discuss,,,
Attached Image (click to enlarge)

Here is a good trade that I am going to leave open over the weekend. I entered just above the most recent spinner bar., and put a SL below the body of the spinner bar. Below or above the body of the signal bar is usually how I have decided to use a SL in most cases. Once one takes a look at the D1 chart, it is clear to see that a flag formation of a really nice H&S that has formed. Next week should bring a possible nice move. Have a nice weekend!

Weekly chart


Daily chart

Here is the 4-hr chart overview of the short I entered off the weekly chart (wow....using the 4hr chart for an overview of a trade off the monthly?). Looks good doesn't it? This sure looks like a nice pattern formed and ready to fall off. Have to see, but I am in short.

Hey Ferru... How you? Well I hope.

I'm fine!

So glad to hear it!

Here are the charts for the gbp/jpy pair that shows the entry and a clear vision as to what may happen next. The entry is the 1st entry type explained in the first post, on the weekly chart. The daily chart is showing a nice short continuation pattern. I also chked the 4hr chart which does show some congestion which could prove negative for the trade, or, that the move showing on the daily might take a bit of time. As such, I want to watch my SL, in case the trade does turn against me. Patience....... no need for chart watching.....forget about the open trades once you leave the your platform....so, I want to get through my chart reviews and close this baby down until tonight, when I can come back and take a new look.

Here are the charts.......

Here is the chart set-up for ChfJpy. The weekly gave us a long trade, but by looking at the daiy for validation, it is showing a short continuation pattern. In this case the daily out weighs the weekly entry, and I went short off the daily and will put in a pretty conservative SL.

I hope that this is helping some of you. One might think the way I trade is boring, but when one sees the balance growing and confidence rises in ones trade....nothing is more exciting then that!

I am really thinking that I should get out of this trade........ I might should have got out a bit earlier, but I am just getting good at this, so no worries. My goal for this year was to make it to $1000. I don't think that is going to happen, but I feel pretty good about where I am at. If I can end above b/e, I would be thrilled. Just because how close I got to really limiting the # of trades I can have open at one time. Once I close above $500, I am going to double the lots I am using to trade one pair at a time.

Sorry... here are the charts[attach]

EURNZDproWeekly.png;2549945[/attach][attach]

EURNZDproDaily.png;2549942[/attach]

Can you see why I am thinking I should get out of this trade? Maybe it will even bounce around here for a while...I don't know yet, but should wait or get out with a profit because of my indecision......

I can't hardy believe that by looking at the monthly that it is going to go any lower. Eur and gbp are very different right now, isn't it.

There is something very powerful about 'starting from the same spot every time'. It always then seems to lead somewhere when it is right. I know I have a ways to go until people take my bull crap seriously...yah hey......

Maybe I will get to the second signal this week. Between these two, I get more than enough signals for me to manage. And they are simple; I am looking at sooooo many charts, so they would have to be. Glance to see or don't see. If see.... then start investigating a bit more.

Well, I am out. Have a nice night! I don't want to sleep all day tomorrow.....

Hi Damon - came across this thread last night -very interesting. I do some short term swing trading but am always on the lookout for higher time frames like this in order to determine direction for short term trend, or just trade daily / weekly as you're doing.
Must admit I had to re-read it a few time to grasp your method - at first I kept looking to 3 higher "closes" in one direction, rather than 3 higher highs that closed. Got it though.
It appears that it may be more than 3 weekly higher highs if the last close doesn't have a bearish action to it? As in your last example of the EURNZD, it was the 4th higher high that showed the spinning top? Just an observation.
In regards to this trade, you asked about getting out soon with some profit? It would appear this has been in uptrend since beginning of the year with 3 - 5 weekly bar pullbacks though out. If that continues, and since it's already retraced to the previous weekly highs of late Aug / early Sept., my money would be on a return to the up trend. just my thoughts.
Good luck with the thread - always interesting to see others insights.
dmost

Hey dmostpips..... Thanks for stopping by. I did indeed get out of the trade, but should have done so a bit earlier than I did. I 100% agree that we are going to be looking for a return to the uptrend. The weekly is looking nice for a long trade here very soon. Yes... you got! For the first trade type, it is three in a row. For the second trade type it still uses three bars, but in a different way and the entry is different. I will get to that very soon. I also just exited my eur/jpy trade. I am also seeing a bottom very soon at the moment. Because of the spinner bar on the monthly (eur/jpy), I may use trade entry 1 on the daily, and keep a tight stop. I do not thing that monthly spinner signals a reversal.. just a consolidation before the next leg up.

Thanks for stopping by. It was nice to meet you and best of luck to you on your trading. I think you are right to look for the higher t/f for signals and come down a chart or two for entries..... take it easy and have a nice evening!

Gosh.. I can't believe it has been 10 years that I joined FF here and I was probably a trader for a year or more before I found it. It is about time this happens for me.... yah!

The best part about trading off the weekly chart. Or even the daily or monthly. It gives one time to watch and wait for the proper entry without so much moving around in your face. I realize now of course that all that movement on the lower t/f is it filled up/used up all my time, and rarely gave me the time I needed to make trades based on actual set it and forget research. I definitely much prefer what I am doing now.

Good night... nothing much tonight. Just monitoring trades at the moment and waiting for some entries to hit. Be good to yourself and to others.....