Weekly Trend Trading Method | Page 30 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Fractal/Swing Trading Method With Trend 7 replies

bo7a method... method for GBP/JPY 205 replies

Pipster's S\R, Trend Trading Method 14 replies

Easy trend trading method 6 replies

Jacko's P&P Trend Trading Method 73 replies

Attachments: Weekly Trend Trading Method
Exit Attachments

Weekly Trend Trading Method

  • #581
  • Feb 1, 2010 8:49am Feb 1, 2010 8:49am
Any body see this pair on daily basis ?? ..Hopefully tomorrow we can see the confirmation.Now just need to wait....Let's see it's play.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GC D1.JPG Size: 69 KB
Click to Enlarge Name: GChf D1.JPG Size: 70 KB
  • #582
  • Feb 1, 2010 10:15am Feb 1, 2010 10:15am
GBPCHF and GBPCAD ..Just hopefully it can ride nicely.
  • #583
  • Edited 3:07pm Feb 1, 2010 11:01am | Edited 3:07pm
Quoting yust
GBPCHF and GBPCAD ..Just hopefully it can ride nicely.
I do not fully understand this system but according to my knowledge GBPCAD is more promising. I would not be very sure about short GBPCHF.

GBPCHF made a nice move between the pivots today
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 40 KB
  • #584
  • Feb 1, 2010 11:22am Feb 1, 2010 11:22am
System is same as lgtj and others friends in this forum.Only i add some additional indi for confirmation and my understanding.We need to wait daily cs eventho h4 already shown the entry at the earlier stage.
  • #585
  • Feb 1, 2010 6:15pm Feb 1, 2010 6:15pm
Usdjpy daily just gave a valid long signal. I took the monthly pivot indicator off for now because the s/r levels are still adjusting for this month. My target will be the weekly trend line. Let's see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 37 KB
  • #586
  • Feb 1, 2010 11:07pm Feb 1, 2010 11:07pm
I like this trading strategy. Is the EurChf setting up for a long trade on the daily chart? It has bounced upward off the weekly pivot and the rsi is about to cross upward through the 50 level. If price continues upward, is this heading for a valid setup?
If nothing changes, nothing will change...
  • #587
  • Feb 1, 2010 11:29pm Feb 1, 2010 11:29pm
Quoting rnfuller102
I like this trading strategy. Is the EurChf setting up for a long trade on the daily chart? It has bounced upward off the weekly pivot and the rsi is about to cross upward through the 50 level. If price continues upward, is this heading for a valid setup?
This looks to me like it might possibly be setting up a long. :nerd:

It's playing with the (H4) 50SMA right now, let's see what it does w/ that....

We still have quite a while before a daily close, but I would definitely keep a watch!

Nice eye rnfuller.... oh, and welcome to the thread!
  • #588
  • Feb 2, 2010 12:27am Feb 2, 2010 12:27am
Quoting rnfuller102
I like this trading strategy. Is the EurChf setting up for a long trade on the daily chart? It has bounced upward off the weekly pivot and the rsi is about to cross upward through the 50 level. If price continues upward, is this heading for a valid setup?

EURCHF may be ready for a long trade by the end of the day but it is a very painful pair... Daily range sth like 50 pips...
After breaking monthly pivot there is some resistance around 1.476 that is Weekly R1.
  • #589
  • Feb 2, 2010 12:56am Feb 2, 2010 12:56am
Quoting rnfuller102
I like this trading strategy. Is the EurChf setting up for a long trade on the daily chart? It has bounced upward off the weekly pivot and the rsi is about to cross upward through the 50 level. If price continues upward, is this heading for a valid setup?
Hello rnfuller and welcome to this thread. Personally, I would stay away from eurchf because it is a very choppy pair. Pull up a naked weekly chart, scroll back, and look at the price action. You will get whipped to death. Just my opinion.
  • #590
  • Feb 2, 2010 1:43am Feb 2, 2010 1:43am
Thank you, Mrezoot, Indrek, and lgtj. I am aware of the cautions regarding EurChf. In many months long past I have traded it successfully, but, of course, not lately due to that very choppiness you mention. I was more concerned that I might be seeing a proper setup according to the parameters of this strategy.

Its late here in the far northern mountains of California - time to sign off.

Raymond
If nothing changes, nothing will change...
  • #591
  • Feb 2, 2010 8:41am Feb 2, 2010 8:41am
Quoting Indrek
EURCHF may be ready for a long trade by the end of the day but it is a very painful pair... Daily range sth like 50 pips...
After breaking monthly pivot there is some resistance around 1.476 that is Weekly R1.
Hi Indrek, is there any information anywhere that tell us the daily range of each pair? Thank you in advance.
  • #592
  • Feb 2, 2010 1:49pm Feb 2, 2010 1:49pm
I am not a fan and even not a user of RSI but as it is a part of this system, I would like to present a nice indicator. I personally hate any lines on my chart and always try to use bars or blocks. Maybe someone thinks the same way
Attached Image
Attached File(s)
File Type: ex4 RSI_Bars_M#_v2.ex4   53 KB | 395 downloads
  • #593
  • Feb 3, 2010 3:49am Feb 3, 2010 3:49am
Quoting freedomsg
Hi Indrek, is there any information anywhere that tell us the daily range of each pair? Thank you in advance.
You can use the ATR indicator that is default in MT4. Or choose from these two.
Attached File(s)
File Type: mq4 ATR in Pips.mq4   3 KB | 352 downloads
File Type: mq4 Average_Daily_Range.mq4   14 KB | 398 downloads
  • #594
  • Feb 6, 2010 4:01am Feb 6, 2010 4:01am
Quoting Indrek
You can use the ATR indicator that is default in MT4. Or choose from these two.
Thank you Indrek.
  • #595
  • Feb 6, 2010 4:07pm Feb 6, 2010 4:07pm
Quoting Indrek
You can use the ATR indicator that is default in MT4. Or choose from these two.
ATR bands plotted from the open at 75%, 100%, 150% and 200% of the ATR show where the market is most likely to retrace.

http://i46.tinypic.com/2jexpfs.gif
  • #596
  • Feb 9, 2010 3:05am Feb 9, 2010 3:05am
Hi

I have recently found this forum and have worked my way through it. I have also loaded the indicators and played with the system (both versions).

It tried it on the 1 hour time frame initially and I found myselg getting stopped out alot and lots of false entries. This is probably more to do with me than the system.

I am have (today) just started testing it on the 4 hour and will use the recent fractal points as stop losses to test it out.

Are the larger time frames the best way to use this system?


Best wishes

pchess
  • #597
  • Feb 9, 2010 7:59am Feb 9, 2010 7:59am
Quoting pchees
Hi

I have recently found this forum and have worked my way through it. I have also loaded the indicators and played with the system (both versions).

It tried it on the 1 hour time frame initially and I found myselg getting stopped out alot and lots of false entries. This is probably more to do with me than the system.

I am have (today) just started testing it on the 4 hour and will use the recent fractal points as stop losses to test it out.

Are the larger time frames the best way to use this system?


Best wishes

pchess
Hello pchess and welcome to this thread. As I stated in my first post, this method was designed for the daily/weekly time frames. If you have any more questions, feel free to ask.
  • #598
  • Feb 9, 2010 8:35pm Feb 9, 2010 8:35pm
Quoting pchees
Hi

I have recently found this forum and have worked my way through it. I have also loaded the indicators and played with the system (both versions).

It tried it on the 1 hour time frame initially and I found myselg getting stopped out alot and lots of false entries. This is probably more to do with me than the system.

I am have (today) just started testing it on the 4 hour and will use the recent fractal points as stop losses to test it out.

Are the larger time frames the best way to use this system?


Best wishes

pchess...
In this systems cases, the higher the TF, the more accurate your signals will be. It will take some patience but it's well worth it!

And welcome aboard!
  • #599
  • Feb 10, 2010 3:07pm Feb 10, 2010 3:07pm
Thanks for the replies

I will switch to the dailies etc and try from there
  • #600
  • Feb 15, 2010 7:12pm Feb 15, 2010 7:12pm
I apologize up front if this has already been asked. I looked thru the thread and could not find the answer. The 2ma crossover indicator that I am using (same name as you are using) does not send emails when turned to true. Is there an up to date version I am missing??? Thanks for the help.
Pips are like cabbage, the green ones are the tastiest!
0 traders viewing now