Like I stated in my first post, this method is in its early stages of development. I really don't know the answer to your question. Sorry.

Weekly Trend Trading Method

Good question. All of the conditions do not have to be met on the same day. If all the conditions are met on the same candle, get ready to make some money. When the 2ma cross indicator gives a signal, that's when you start to look for a valid ...

Weekly Trend Trading Method

The 50sma isn't really needed, but I like to use it to see how price reacts to it. I also use it to give me an idea of the overall trend. It's up to you.

Weekly Trend Trading Method

I don't know the answer to that because it depends on the pairs that you're trading and how many positions that you take and close in profit. I will say this though, earlier this week I had five trades open, and I was over 1100 pips in profit ...

Weekly Trend Trading Method

Live trade example — Here's a live trade example that I'm currently in on usdjpy daily. The red arrows are my target options. The candle with the yellow line on it is not a valid signal because the rsi is not above the 50 line. The candle with ...

Weekly Trend Trading Method

Targets con't — Here's a short example on gbpusd daily. The red line is on the signal candle and the red arrows are your target options. This method gave a valid signal before the big move south. image

Weekly Trend Trading Method

Targets — Let's talk about targets. Again it's totally up to you. Personally, my target is 1:1 RR. You could go for more, but 1:1 RR is ideal for this method. Especially, when you're trading with several pairs. I monitor 13 or 14 pairs with ...

Weekly Trend Trading Method

Stop loss — Now let's talk about stop loss. The stop loss will be totally up to you. I personally use the most recent fractal swing high/low because I want to give my trade plenty of room to breathe. Remember that your stops will be large ...

Weekly Trend Trading Method

Thanks. It gets better.

Weekly Trend Trading Method

Hello Mrezoot. Yes the results might take a while, but the reward will be worth the wait. Remember the larger time frames are where the trends are established. If we stay with the trend we will win. Like I said in my first post, this method was not ...

Weekly Trend Trading Method

Thanks!

Weekly Trend Trading Method

See ya later — I gotta go to bed now. I'll be back later to explain the stop loss and exit rules. Good nite. How does this method look so far?

Weekly Trend Trading Method

Entries con't — Now for the aggressive entries, the rules are a little different. Instead of taking the entry on the chart which gave you the signal, you will drop down to the next chart to take your entry. Entries will only be taken on the ...

Weekly Trend Trading Method

Entries con't — Ok, I'm back. Here's another example on this usdcad daily chart of a conservative valid entry. Notice that the candle marked with the yellow line is not a valid signal because the rsi is on the 50 line and not above it. The ...

Weekly Trend Trading Method

Ok I must leave right now for family time. I'll be back later. Stay tuned.

Weekly Trend Trading Method

Entries — The first thing to do is pull up a weekly chart(s) and place trend lines in the direction of the trend. Now check the chart for a valid signal. If one is not present, then drop down to the daily chart to see if one has appeared. If a ...

Weekly Trend Trading Method

Aggressive valid signal — Aggressive valid signal: 2MA crossover signal appears on the daily or weekly chart, the 15 slope indicator's color is different from the 30 slope indicator's color, the rsi is above/below the 50 line, and the macd bar ...

Weekly Trend Trading Method

The Method — Before we make an entry, we must get a valid signal. There are two valid signals. The first one is the conservative valid signal and the second one is the aggressive valid signal. We'll start with the conservative signal first. ...

Weekly Trend Trading Method

Indicators — Here are the indicators. file file file file

Weekly Trend Trading Method