Anybody Trading the Weekly or Monthly Timeframe? | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Timeframe inside current timeframe - is that possible? 2 replies

Seeing higher timeframe indicators on lower timeframe 4 replies

rere35 trading journal - weekly timeframe 1 reply

platforms with bigger timeframe than monthly 1 reply

Open/close weekly monthly timeframe 1 reply

Anybody Trading the Weekly or Monthly Timeframe?

  • #1
  • First Post: May 12, 2017 5:44am May 12, 2017 5:44am
HI everyone.

I want to ask whether there are forum members here trading exclusively the weekly or monthly time frames?

I have been interested in trading for over 5 years now and been trading for the last 3 years.
However, analysing charts and fundamentals really takes almost all of my free time and adds stress. I also have a regular job.

I would like to slowly start adjusting my system towards the highest time frames, in order to have time for other things.

Before someone starts to bash me or call me lazy- I have been reading/analysing news and charts on average for 5 hrs a day/everyday for the last 5 years (after work). On weekends I often put 10-12 hours a day for trading related stuff.

Besides, on the weekly, and especially monthly time frames price action is a lot clearer. I would have to adjust the leverage, stop loss and take profit levels though.

I would like to hear some advice on this from anyone interested in the same.
  • #2
  • Jun 17, 2017 2:38am Jun 17, 2017 2:38am
Well, I mainly use D1 time frame, but yes I use weekly and Monthly time frames for knowing key points of market! Market respects important points (key points) of weekly and monthly so nicely!
  • #3
  • Jun 18, 2017 7:59pm Jun 18, 2017 7:59pm
I don't see why using Daily time frames wouldn't be feasible with a full time job. I traded the daily when I had a full time job and only spent about 20 mins a day.
  • #4
  • Feb 8, 2021 3:51am Feb 8, 2021 3:51am
Quoting Madinvestor
I don't see why using Daily time frames wouldn't be feasible with a full time job. I traded the daily when I had a full time job and only spent about 20 mins a day.
Livermore trade only 4-5 times a year. You do not need a full time job to do so.
Steps to profitability: Collect data, money management, stay bored
  • #5
  • Feb 21, 2021 2:27am Feb 21, 2021 2:27am
Quoting Madinvestor
I don't see why using Daily time frames wouldn't be feasible with a full time job. I traded the daily when I had a full time job and only spent about 20 mins a day.
Which strategy do you use on D1?
  • #6
  • Feb 21, 2021 2:27am Feb 21, 2021 2:27am
Quoting GeorgeBaile
Well, I mainly use D1 time frame, but yes I use weekly and Monthly time frames for knowing key points of market! Market respects important points (key points) of weekly and monthly so nicely!
Which strategy do you use on D1?
  • #7
  • Sep 11, 2021 7:46am Sep 11, 2021 7:46am
Quoting dr.butze
{quote} Which strategy do you use on D1?
I don't trade the daily, but I just use price action and market structure. If I did, I would trade it the same way. I would use the monthly to analyze the price level and enter on the daily/4h tf.
  • #8
  • Sep 11, 2021 8:31am Sep 11, 2021 8:31am
[quote=Raynor;9859305]HI everyone. I want to ask whether there are forum members here trading exclusively the weekly or monthly time frames?

You'll need to know how to interpret wave patterns, if not, chances of success isn't good. You need to know where and when the market is about to change waves.
I would suggest you take a good hard look at the candle formations at all the previous turning points on weekly chart. You will definitely find a common aspect to all those flips of the past. So, when that candle pattern starts to develop, you will know something is coming and you can start drawing your support and resistance lines.
But wave identification is crucial.
  • #9
  • Edited 11:32am Sep 11, 2021 11:14am | Edited 11:32am
Since market runs 24/5, the weekly properly concludes what was happening in the daily and lower timeframes.
And there is no need to use the monthly if the weekly is sufficient ...
Market is not random but unpredictable
  • #10
  • May 5, 2022 11:29am May 5, 2022 11:29am
Quoting remonpilip
{quote} Livermore trade only 4-5 times a year. You do not need a full time job to do so.
I dont know how you got that information. I read the book 3 times and this was never stated
  • #11
  • Last Post: May 5, 2022 12:59pm May 5, 2022 12:59pm
This is something i have also considered doing. But i think i still need more opinions on the matter and experience
0 traders viewing now