Good observation. Usdcad weekly is not quite ready yet because the rsi is riding on the 50 line(red arrows). But watch this pair from the daily charts. It looks like it is in retracement mode right now. image

Weekly Trend Trading Method

You're welcome.

Weekly Trend Trading Method

The 2ma cross is on the previous candle which was on friday. The 2ma cross appeared today because with ibfx, the sunday candle is a continuation of the friday candle. The same thing happened with usdjpy. The rest of the indicators are confirming the ...

Weekly Trend Trading Method

13 pairs. They're posted on page 5 post #67. You can trade this method on any pair. Just be careful with the choppy pairs like eurchf.

Weekly Trend Trading Method

Heads Up! — I was checking my charts and look at what I saw. Gbpjpy daily is forming a conservative valid signal to go short. Price has bounced off of the upper trend line of the downtrend channel, and now it's forming a valid signal. I'm ...

Weekly Trend Trading Method

Usdjpy — Ok The 2ma cross just appeared on my platform(red line). When this current candle closes(sunday candle), I'm going short on usdjpy. image

Weekly Trend Trading Method

Well said!

Weekly Trend Trading Method

Yes I did take the eurjpy trade and it triggered, but price was not ready to continue north yet. I closed the trade with a loss, but that's forex for you. You win some and you lose some.

Weekly Trend Trading Method

The slope indicators are used to confirm trend direction, that's all. I use these settings because they move with price action pretty good. If you change the settings you'll see for yourself.

Weekly Trend Trading Method

Yes, it's still a valid signal, but price is still above the 50sma and pivot point. Also, the lower trend line of the channel is not too far away, and the candle is extra long. Besides, audjpy is in a strong uptrend. With all of these facts, I would ...

Weekly Trend Trading Method

You're welcome.

Weekly Trend Trading Method

Yes, it's a valid signal because all of the signals agree, but it's not recommended that you take this trade because price did not break and close below the trend lines and pivot point. Also that candle is too long. Price respects trend lines and ...

Weekly Trend Trading Method

You're 100% correct. No trade.

Weekly Trend Trading Method

Hmmmmmmm — Here's another one. Look at this audjpy daily chart. On 10/28/09, we got a conservative valid signal(red line), but price bounced off of that resistance level and closed above it the next day. Then price penetrated through that ...

Weekly Trend Trading Method

Excellent — You're 100% correct. This is a conservative valid signal. Although you have a valid signal, you don't just blindly take this trade because there's a lot of confluence below price(trend lines and pivot point). Also, that candle is ...

Weekly Trend Trading Method

Hmmmmmmm — Look at this eurjpy daily chart. Is this a valid signal? 1) If so, why? 2) If not, why not? 3) Would you take the trade? image

Weekly Trend Trading Method

The slopes are the same color on the candle with the red line. The slopes are different on the candle with the yellow line. If the candle with the red line had a blue 15 slope and a red 30 slope, then you would drop down to the 4hr and confirm that ...

Weekly Trend Trading Method

I think that you are referring to the candle with the yellow line on it. That candle was not a valid signal candle because the rsi was not above the 50 line. If the rsi was above the 50 line, then it would have been a aggressive valid signal. ...

Weekly Trend Trading Method

I will say this again. Patience is the key to this method. If you will wait for the valid signals, you will be rewarded. Don't go to the trade, let the trade come to you. Maybe you didn't notice this, but several valid signals were given last week. ...

Weekly Trend Trading Method

You're correct. Wait for the daily!

Weekly Trend Trading Method