Yes, you wait for confirmation on the daily chart not the 4hr chart.

Weekly Trend Trading Method

Correction — You drop down to the 4hr chart only if you get an aggressive valid signal on the daily chart.

Weekly Trend Trading Method

Yes, I use the 2ma crossover indicator for the daily and weekly charts only. Trades are only taken if weekly or daily gives a valid signal.

Weekly Trend Trading Method

Please re-read posts #16,20,22, & 23 about stop loss and take profit options.

Weekly Trend Trading Method

Welcome — Hello Future and welcome to this thread. I use the 2ma instead of the 3ma because the 2ma cross will get you into a trade much earlier than a 3ma cross. I've tried several 3ma cross strategies before and usually you'll get a signal ...

Weekly Trend Trading Method

welcome — Hello Duke and welcome to this thread. Firstly, this method was created for people just like you who have a life and who wants to trade around that life. Secondly, no question is stupid on this thread. I'm here to help everyone ...

Weekly Trend Trading Method

Heads Up! — Keep an eye on usdjpy when the markets open tomorrow. Look at this chart. Notice that all of the signals are there to go short except for the 2ma cross signal. If the 2ma cross signal appears on this candle(red line) tomorrow, then ...

Weekly Trend Trading Method

You're welcome.

Weekly Trend Trading Method

You're 100% correct. You can't trade every signal blindly. If you're willing to wait for everything to match, you will be rewarded. I'm glad to hear that you're profiting from this method.

Weekly Trend Trading Method

I kept my sl in its original position. Currently, I don't have a method for moving my stops to breakeven. As long as my trades are going in the right direction, my targets will most likely be hit.

Weekly Trend Trading Method

Congrats. I'm still holding mine until next week. We'll see what happens.

Weekly Trend Trading Method

Trade updates — Correction on Usdchf. The first position's target was not hit yet. I had the wrong target written down. Both positions are currently in profit right now. Currently +90 pips in profit. Gbpchf - Currently +120 pips. Eurgbp - ...

Weekly Trend Trading Method

Trend lines — Look at these charts of audusd daily and 4hr. Notice how price respects the trend lines (red arrows). Trend lines are powerful tools. image image

Weekly Trend Trading Method

Gbpusd — I'm long on gbpusd daily. Let's see how far it will go. image

Weekly Trend Trading Method

Heads Up! — Gbpusd daily looks good to me. Looks like we might have a trend change. Look at the daily and weekly charts. On the daily, price broke through the upper trend line and resistance level. Then it came back down through the upper ...

Weekly Trend Trading Method

Here are two more charts. image image

Weekly Trend Trading Method

Trend lines, s&r levels, pivot points, & 50sma — I was looking at my charts today, and I noticed a lot of bounces at certain s&r levels. It is very important that you consider where the s&r levels are before you take a trade. The ...

Weekly Trend Trading Method

Trade updates — Usdchf - 1st position reached its 76 pip target. Entry was 1.0201 & target was 1.0277. The second position is still running. Gbpchf - Currently +120 pips Eurgbp - Sell stop just recently filled. Let's see what happens. So far ...

Weekly Trend Trading Method

Good nite — I'm really sleepy now. We'll chat tomorrow.

Weekly Trend Trading Method

Thanks.

Weekly Trend Trading Method