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Attachments: Weekly/h4 trend trading - flow
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Weekly/h4 trend trading - flow

Quoting 60minuteman
{quote} the high/low of the h4 bar. {image} a slightly more agresive approach is to just use A and C
Hi 60M

You say you look for a new weekly High (or Low) and then trade the break of the following candle that closes back with the trend.
If you miss the weekly High do you leave that pair or do you consider subsequent re-tracements (which don't reach the High/Low of the week ?

This is a great strategy, even for me who works fulltime (in UK).

thanks Stan
Quoting stan3188
{quote} Hi 60M You say you look for a new weekly High (or Low) and then trade the break of the following candle that closes back with the trend. If you miss the weekly High do you leave that pair or do you consider subsequent re-tracements (which don't reach the High/Low of the week ? This is a great strategy, even for me who works fulltime (in UK). thanks Stan
Hi Stan, nice post

Yes I will have a go on a retrace if I miss the high - In fact I use a bit of flexibility on all the rules.

It's really important that we see the rules as giving structure and discipline and not the reason we will make profit.

The market decides if you profit or not, we are at it's mercy. We just put ourselves in good locations and wait.... we are managing money and positions and not predicting what will happen..
tradewith60
Good question Stan and great answer 60MM.

Mike
Can you see the power of finding the high and low of the week and then waiting?
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Something is unique about the weekly timeframe, something happens on weekly that only happens on weekly.
tradewith60
here it is in action - it really is just a waiting game. So this may come to nothing, it may drop for another 2 weeks. If it does it will generate around 2-2500 pips in less than 4 weeks, only some sort of trading genius will be able to replicate that day trading with out increasing their risk dramatically.

Trade the truth about markets and be patient, it really is very simple.

EA H4
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tradewith60
most traders are losing, what are they doing? if you're doing something similar you will lose... fact.

Can you do this? it's not skillful, anyone can do it, you just need to decide it is what you're going to do.

BALANCE AND EQUITY GRAPH 1YEAR (thanks Erin for the chart, a thing of beauty!)
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tradewith60
ok, I said no teaching or preaching in my journal, so that is it....

Everything is there anyway, resist your temptation to add complexity, the truth is all there in a few posts.

Please no more questions on the thread, you can pm me with questions.

You can of course post charts....
tradewith60
Quoting 60minuteman
most traders are losing, what are they doing? if you're doing something similar you will lose... fact. Can you do this? it's not skillful, anyone can do it, you just need to decide it is what you're going to do. BALANCE AND EQUITY GRAPH 1YEAR (thanks Erin for the chart, a thing of beauty!) {image}
"...BALANCE AND EQUITY GRAPH 1YEAR (thanks Erin for the chart, a thing of beauty!) "
AMEN to that!
If I may, I'll join you on your adventure

BTW: Thank you for the video
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Don’t ever let someone tell you that you can’t do something.
Quoting Armacom
If I may, I'll join you on your adventure BTW: Thank you for the video {image}
awesome, hoping a few more will get in on it!
tradewith60
60mm,

I love that graphic! Really shows what's important here. How can we get a chart like that?

Thx,
Mike
Quoting towtow
60mm, I love that graphic! Really shows what's important here. How can we get a chart like that? Thx, Mike
Do what the banks and the funds do - participate in the long term trends.

Avoid any of the day trading ideas on this forum - it's certain doom with no quantifiable edge at all.

Continue to have a life, trade the higher TF's then walk away, let the market decide....

Work on your psychology, think about the mistakes every trader makes and ask yourself why and how you can change (look up Denise Shull's videos on youtube).

if most retail traders are losing, look at how most traders approach the market and do the opposite.
tradewith60
I'm with you on all of that, I meant where can I get the electronic file to show my own equity chart like yours?

Thx,
Mike
Quoting towtow
I'm with you on all of that, I meant where can I get the electronic file to show my own equity chart like yours? Thx, Mike
ahhh... sorry

That is from forextester.
tradewith60
OK - so it looks like the bias may change soon but took an entry on EN - also a flying buddah.

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Quoting studio1
OK - so it looks like the bias may change soon but took an entry on EN - also a flying buddah. {image}
that's a new pair for me.. will check it out
tradewith60
I'll put here a possible entry, 60 MM, I'm making the entry a retraction, can only tell if this is correct?
My goal is to line the green channel (12200 Pips).
Thank you,
JVBS

W1-H4 GBP / JPY


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JVBS
Work very hard until you get there (excuse my english)
Quoting 60minuteman
{quote} that's a new pair for me.. will check it out
Yeah see EUR/AUS is very popular for swing trading at the moment. But I'm a kiwi so will go with what I know :-).
Short USD/CAD ( late entry )

And I'm waiting to go long on GBP/USD as soon as I have a nice signal on H4
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Don’t ever let someone tell you that you can’t do something.
Quoting Armacom
Short USD/CAD ( late entry ) And I'm waiting to go long on GBP/USD as soon as I have a nice signal on H4 {image}
shame you didn't get the top... but hey, the market don't care where you get in
tradewith60
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