Hi,
I trade Fx, indices, stocks and some commodities on the Weekly chart. The method I am presenting here is just one charting method out of the many out there so if it suits your style then you can use or enhance it for your own trading.
First of all, i want to iterate what many people already advocate, that trading is an art, and a science. The science are the basics, like maths formulae. These are fundamental technical knowledge such as knowing how to read candlesticks/price bars, or knowing the correct usage of various trading indicators out there etc. The “Art” is how to mix and match and use these tools to your advantage and to your liking and this is the hardest part to learn in your trading journey. That’s why, I see a lot of arguments every so often here in FF which I feel are really childish and pointless. Every body works and live differently. If the methods works for you, then just use it and why argue so much? A method that makes you money consistently is a good method.
Anyway getting back to topic. This is not a rocket science strategy or method that blows your mind away. Its basic ingredients are just a couple of EMA for looking at trends, some optional knowledge of spotting support & resistance and most importantly, the way you think. And I think its really commonly used as well.
Please see the attached pdf for more info
This is what I can write regarding this simple method so far. As the thread progresses, I will show more examples of trades using this method.
I trade Fx, indices, stocks and some commodities on the Weekly chart. The method I am presenting here is just one charting method out of the many out there so if it suits your style then you can use or enhance it for your own trading.
First of all, i want to iterate what many people already advocate, that trading is an art, and a science. The science are the basics, like maths formulae. These are fundamental technical knowledge such as knowing how to read candlesticks/price bars, or knowing the correct usage of various trading indicators out there etc. The “Art” is how to mix and match and use these tools to your advantage and to your liking and this is the hardest part to learn in your trading journey. That’s why, I see a lot of arguments every so often here in FF which I feel are really childish and pointless. Every body works and live differently. If the methods works for you, then just use it and why argue so much? A method that makes you money consistently is a good method.
Anyway getting back to topic. This is not a rocket science strategy or method that blows your mind away. Its basic ingredients are just a couple of EMA for looking at trends, some optional knowledge of spotting support & resistance and most importantly, the way you think. And I think its really commonly used as well.
Please see the attached pdf for more info
This is what I can write regarding this simple method so far. As the thread progresses, I will show more examples of trades using this method.
Attached File(s)
