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Weekly Trend Trading Method

  • #81
  • Oct 27, 2009 6:20pm Oct 27, 2009 6:20pm
Well strike question #2 LOL!

As soon as the next bar formed it gave me the same confirmation!

DWAM!!!

Ok, but really...that AUDCAD is still just messed up!
  • #82
  • Oct 27, 2009 6:22pm Oct 27, 2009 6:22pm
How it looks now...

Got the 2nd confirmation...

Keeping 1 eye open....
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf slope change question 2.gif Size: 18 KB
  • #83
  • Oct 27, 2009 6:47pm Oct 27, 2009 6:47pm
Quoting lgtj
Here are the indicators.

Attachment

Attachment

Attachment

Attachment
This sounds like a great system, I'm also in the same shoes you are in. Working. Mu system so far is I trade I losse. I know if I could be at the screen all day I wold succeed. I've really got to try this system. I need to know how to convert the ex4 files to mq4 files or do I have to?
  • #84
  • Oct 27, 2009 7:19pm Oct 27, 2009 7:19pm
Hello Scratch!

Welcome!

To let you know you don't have to convert anything. Simply copy the .ex4 file to your experts/indicators folder. Reboot and there ya go!

Hope that helps!
  • #85
  • Oct 27, 2009 8:11pm Oct 27, 2009 8:11pm
Quoting Mrezoot
Hello Scratch!

Welcome!

To let you know you don't have to convert anything. Simply copy the .ex4 file to your experts/indicators folder. Reboot and there ya go!

Hope that helps!
Thanks for the response. I'll play with it tomorrow have to go to bed now. I hate work.
  • #86
  • Oct 27, 2009 8:34pm Oct 27, 2009 8:34pm
Hi Mrezoot, I put my candle differences on my previous platform down to the timeframe the broker was based. Looking at it so far, IBFX is true GMT where as my previous platform Fx Pro was GMT +2 so my 4hour candles and above where looking different! I wonder if thats why some 4 hour systems i've tried haven't worked so well i've been looking at a false chart in a matter of speaking.

In regards to GBP/CHF looks like a setup to me now, the slopes are positive, macd above the line and rising and RSI + 50, price has run into the 50 Dsma after only testing it a few days ago it is more likely to break so a break of the days high would qualify as a confirmed signal if i'm right...please correct me if I'm wrong i may be looking at the setups slightly wrong?
  • #87
  • Oct 27, 2009 8:58pm Oct 27, 2009 8:58pm
Hello fellow traders, I just got back from church. Give me a few minutes and I'll answer your questions.
  • #88
  • Oct 27, 2009 9:00pm Oct 27, 2009 9:00pm
Quoting kaaea
Thanks for the pivot indicator, I forgot about putting that on. Gbp/chf looking good, will be around as the day closes in search for setups to eyeball.

So far eyeballing the pairs you use on the weeklys seem to catch good 4-5month moves and are good mostly at catching the trend and missing out the choppy peroids in certain currencies. Am trying to get my hands on some more data as only have charts back a couple of years will keep you updated.
That's why I picked these pairs because of their trending natures. You're welcome reference the indicator.
  • #89
  • Oct 27, 2009 9:05pm Oct 27, 2009 9:05pm
Quoting Mrezoot
I have attached 2 charts that I am unsure of.

The first is a Daily of the AUDCAD.
(Today I decided to open a IBFX Demo account so I to could be on the same platform and pickup the same signals.)

I opened all the charts and found THIS!!!

Is there any explanation to why the feed would be so all over the place?
I understand down on the 1m and even 5m seein some of that...BUT DAILY?

Just wondering if yours is the same in that time or just a bad feed on my part. I've rebooted it 3x now and still no change in refresh..?

Ok, the second is a chart...
I don't have an answer for you reference the audcad chart. I haven't encountered that on any of my daily charts before. You'd have to call ibfx.
  • #90
  • Oct 27, 2009 9:07pm Oct 27, 2009 9:07pm
Quoting Mrezoot
How it looks now...

Got the 2nd confirmation...

Keeping 1 eye open....
Looks like a text book set up to me.
  • #91
  • Oct 27, 2009 9:10pm Oct 27, 2009 9:10pm
Quoting kaaea
Hi Mrezoot, I put my candle differences on my previous platform down to the timeframe the broker was based. Looking at it so far, IBFX is true GMT where as my previous platform Fx Pro was GMT +2 so my 4hour candles and above where looking different! I wonder if thats why some 4 hour systems i've tried haven't worked so well i've been looking at a false chart in a matter of speaking.

In regards to GBP/CHF looks like a setup to me now, the slopes are positive, macd above the line and rising and RSI + 50, price has run into the 50 Dsma after only...
You are 100% correct. Great job!!!!!!!
  • #92
  • Edited Oct 28, 2009 9:38am Oct 27, 2009 9:16pm | Edited Oct 28, 2009 9:38am
My buy stop is set at the high of the signal candle(red line). I'm going for 1:1 TP1 level.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 37 KB
  • #93
  • Oct 27, 2009 9:25pm Oct 27, 2009 9:25pm
I hope this trade works out for you. According to my chart, price didn't close below that support level(.9139) yet. The rsi is on the 50 line and not below it yet. Remember, audusd is in a strong uptrend (look at your weekly chart). The rsi is showing us that strength is still to the upside. I'm waiting for a closed daily candle below support and a cross below the 50 line on the rsi.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 33 KB
  • #94
  • Oct 27, 2009 9:29pm Oct 27, 2009 9:29pm
Thanks good to know i've got my eye in for these, i'll start by testing the conservative signals on weekly charts and then dailies. I will leave the aggressive signals till last as their frequency is higher making it probable that they have a lower win rate and return.
  • #95
  • Edited Oct 28, 2009 9:42am Oct 27, 2009 9:31pm | Edited Oct 28, 2009 9:42am
We have another conservative valid signal on nzdusd daily chart. Target should be the lower channel trendline area.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 36 KB
  • #96
  • Edited 9:58pm Oct 27, 2009 9:44pm | Edited 9:58pm
Quoting Scratch99
This sounds like a great system, I'm also in the same shoes you are in. Working. Mu system so far is I trade I losse. I know if I could be at the screen all day I wold succeed. I've really got to try this system. I need to know how to convert the ex4 files to mq4 files or do I have to?
Welcome to this thread Scratch. This method was designed for you also. If you have any questions or comments, please feel free to post them. Make sure you study my posts and the rules to get a good understanding of this method. You will do good over the long term with this method because it was designed to catch the weekly trends.
  • #97
  • Oct 27, 2009 9:57pm Oct 27, 2009 9:57pm
Another tip. Before taking a trade on the daily charts, make sure you check the weekly charts also to confirm the direction. Look at tonight's signals weekly and daily charts. The weekly confirms the daily. I love this method.

Nzdusd weekly/daily
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd weekly.gif Size: 32 KB

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 36 KB


Gbpchf weekly/daily
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf weekly.gif Size: 31 KB

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf daily.gif Size: 37 KB
  • #98
  • Oct 27, 2009 10:04pm Oct 27, 2009 10:04pm
Quoting kaaea
Thanks good to know i've got my eye in for these, i'll start by testing the conservative signals on weekly charts and then dailies. I will leave the aggressive signals till last as their frequency is higher making it probable that they have a lower win rate and return.
Actually, the aggressive signal is usually followed by a conservative signal. So in essence, you would already be several pips ahead of the game.
  • #99
  • Oct 27, 2009 10:11pm Oct 27, 2009 10:11pm
Ah ok i was looking at the aggressive signal as a more higher risk trade now I understand the way you look at it, thanks.
  • #100
  • Oct 27, 2009 10:24pm Oct 27, 2009 10:24pm
An update on that AUDUSD position.

Closed for +100 pips.

Went for dinner and came back to this.

The entry was VERY early as I noted earlier (KIDS DON'T TRY THAT AT HOME!)

So I will now just see what the trade SHOULD have done, had I waited till my signals came....

No Need for Greed ....BANKED!

Thanks for looking out Lg!
Attached Image (click to enlarge)
Click to Enlarge Name: audusd early short.gif Size: 40 KB
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