Moving from intraday trading to weekly trading | Forex Factory

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Moving from intraday trading to weekly trading

  • #1
  • First Post: Dec 24, 2017 4:46pm Dec 24, 2017 4:46pm
Hello fellow traders, recently I`ve decided to move from intraday trading (m15 and holding trades no more than the current day), to weekly trading h4 (holding the trade no more than a week).

i`ve already stumbled into SWAP`s and now learning about them more. Any more things I will need to know with this new approach ?
The truth is hidden from you
  • #2
  • Dec 24, 2017 4:50pm Dec 24, 2017 4:50pm
Quoting MaxenshteinD
Hello fellow traders, recently I`ve decided to move from intraday trading (m15 and holding trades no more than the current day), to weekly trading h4 (holding the trade no more than a week). i`ve already stumbled into SWAP`s and now learning about them more. Any more things I will need to know with this new approach ?
If you were trading well at M15, you will trade even better at H4, the challenge will be waiting for the completion of your signals and sitting through pullbacks.
If you are good at something, never do it for free--Joker
  • #3
  • Dec 25, 2017 3:52am Dec 25, 2017 3:52am
Quoting MaxenshteinD
Hello fellow traders, recently I`ve decided to move from intraday trading (m15 and holding trades no more than the current day), to weekly trading h4 (holding the trade no more than a week). i`ve already stumbled into SWAP`s and now learning about them more. Any more things I will need to know with this new approach ?
Nice move! By the way, long-term trading is always challenging, since you have to ensure first about the strength of the market trend! I would suggest you to observe your demo result for couple of months with your strategy and if you are happy on your trading result, then go for the live trading! Besides, for long-term trading you need to use wider SL’s in your trading! So, don’t try to use tight SL here. All the best.
  • #4
  • Dec 26, 2017 6:45am Dec 26, 2017 6:45am
Quoting MaxenshteinD
Hello fellow traders, recently I`ve decided to move from intraday trading (m15 and holding trades no more than the current day), to weekly trading h4 (holding the trade no more than a week). i`ve already stumbled into SWAP`s and now learning about them more. Any more things I will need to know with this new approach ?
Medium-term trading is characterized by the fact that a trader must show patience and endurance and confidence in his strategy.
In addition to the fact that you need to adjust your strategy for a new duration, I would advise you to pay special attention to trends in macroeconomics.
Also, use the daily chart to determine the main trend and assess the overall market situation.
Dont hurry in three situations: marriage, sex, trade.
  • #5
  • Dec 26, 2017 7:40am Dec 26, 2017 7:40am
no difference between M15-H4...just delaying profit/loss.my opinion.
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #6
  • Dec 26, 2017 8:32am Dec 26, 2017 8:32am
Trading less, together with trading with a longer trading outlook, helps you to do proper market analysis. Just learn to do a thorough pre-market analysis before you enter a trade.


Trade safe and prosper.

KP
Do your homework, follow the footprints of smart money
  • #7
  • Dec 26, 2017 9:49am Dec 26, 2017 9:49am
One of the things you'd have to develop (if you haven't already) is patience. You need to learn how to be patient, how to wait, how to deal with the spikes caused by various news events throughout the week - something which you may not have had to deal with it when you traded on the M15 time frame.
  • #8
  • Dec 26, 2017 3:05pm Dec 26, 2017 3:05pm
Thanks for your replies )
Do swaps affect your profits allot ?
The truth is hidden from you
  • #9
  • Dec 26, 2017 3:28pm Dec 26, 2017 3:28pm
It can, choose you broker based on spread+commission + swap*(average holding time in trading days +2 if triple swap included). A good broker in terms of swaps are the ones where the absolute value of long/short swap for currencys is nearly the same (cfd's are different, they have mostly negative swap on both sides).

As an example i use one Broker with extreme low commission costs and good spreads, but their swaps are terrible like the long swap is lets say -10 points and short it's only +2 points. A good broker might have -6 long and +5 short for the same Symbol.

Thinking and calculating about this before might save you some $ for sure.
  • #10
  • Last Post: Dec 27, 2017 11:52pm Dec 27, 2017 11:52pm
Quoting MaxenshteinD
Hello fellow traders, recently I`ve decided to move from intraday trading (m15 and holding trades no more than the current day), to weekly trading h4 (holding the trade no more than a week). i`ve already stumbled into SWAP`s and now learning about them more. Any more things I will need to know with this new approach ?
Trading is all about your comfort. If you are doing great with intra day, you can continue with that. For weely trading I think you can do some demo trading with your strategy. M15 strategy and D1 strategy are not same. You have to be compatible with it. After then you can switch.
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