newbie in search for direction

So right now I'm looking into how I can use the weekly price direction to implement on the daily trigger

for those who look at weekly charts, what methods do you use to gauge the weekly direction? what period? 1 month (4 period)? 2 months (8 period)?

What's the difference if I used some indicator on the daily with higher period say (12, 18, 24, etc). Is it the same thing as actually switching to the weekly chart or different??!?!

As a newbie myself, I found the Fozzy daily method very simple, and profitable for me...

Good luck.

There is a slight difference but the overall view is very similar.

As an example, let's take a simple MA on a 4hr chart.
Assume that the 6 Bar MA {6 x 4 Hrs = 24 OR 1 Day} on the Close is reading 1.2800
This is arrived at by aquiring the Sum of closes over the last 6 Bars and dividing by 6.

If you think about it... On the Same 4 Hr Chart... Taking a 36 Bar MA {36 x 4 Hrs = 144Hrs. Divided by 24[Hrs in a Day] = 6 Forex Days, OR 1 Week} on the Close should give you the equivelent of a 6 Bar Simple MA on the Close of a Daily Chart. Therefore a 36 Bar Simple MA on a 4 Hr Chart SHOULD be the Same as a 6 Bar Simple MA on a Daily Chart.

HOWEVER... The Sum of 36 Closes on a 4 Hr Chart / 36 may not neccessarily = The Sum of 6 Closes on a Daily Chart / 6.

WHY...
If the 4 Hr Closes happen to fall near the Bottom of the Bar and the Last 4 Hr Bar Close of the Day occurs at the Top of a High Bar then the 6 Bar Daily MA would have a reading Slightly Higher than that of the 36 Bar 4 Hr Simple MA, but, in most cases, it will be close.

I know it sounds complicated and it is, but only slightly. Think about it for a bit to see if you can grasp it.

thanks bemac. I thought it should be about the same as well..just makin sure..thanks