the same principles can be applied to the Monthly and Daily combination... which is designated as: M+Dly below is the Daily Chart. the arrows shows the ideal entries. my 2 Strategies are clearly illustrated here. Strategy 1 as well as Strategy 2 are ...

When Price is UP, buy; when Price is Down, sell short...

my Strategies are very simple and the method is even simpler, but it can be very difficult to convince your mind to trade it. i can not help with that... u are on your own there. but a review and study of the different strategies contained in ...

When Price is UP, buy; when Price is Down, sell short...

hello timilehin, after reading and reviewing the above information to trader Woolfpol, do u understand now what indicates the weekly close and how to trade it ?

When Price is UP, buy; when Price is Down, sell short...

yes, correct, i will buy on that signal because it is correctly placed and interpreted.

When Price is UP, buy; when Price is Down, sell short...

now i feel safe to post the correction of your charts that show where the short signal is: image

When Price is UP, buy; when Price is Down, sell short...

here are the other 4hr charts with different 4hr bar close that obviously produce different signals. just trade your own chart signals. can anyone see the short signal that is not pointed out on the charts ? image image

When Price is UP, buy; when Price is Down, sell short...

Woolfpol, i admire your persistence in trying to understand this method ...but now is clear to me that u have mixed up the different strategies contained in this trend following method. i have explained it several times before but for your ...

When Price is UP, buy; when Price is Down, sell short...

i will do a detailed M+Dly trade example later. AND also a DLY+ 1hr trade example...both trades that were taken according to this method {checkout post 980 on the previous page... that's one of them.}

When Price is UP, buy; when Price is Down, sell short...

ok, thank you timilehin, you yourself has found the solution to your confusion problem, please checkout your quote above , i have highlighted your problem... ...can you what is causing your confusion now ? just incase u missed it, here is the ...

When Price is UP, buy; when Price is Down, sell short...

hi Woolfpol, it is now time for my favourite quote, i only give part of it here for your benefit, for the rest of the quote u can look my profile...it's there... "It never was my thinking that made the big money for me..." - Jesse Livermore. so ...

When Price is UP, buy; when Price is Down, sell short...

hi timilehin, i pre-empted the 1hr close but have SL=PT for this 1hr trade based on D+1hr combo the previous Dly buy is still open image

When Price is UP, buy; when Price is Down, sell short...

lastly, i want to show the GBPJPY Daily... should Dly close above that LSH then buys rule in Dly but until then i recommend trading the Dly+1hr combo if u not already long in the 4hrs. got to go now, will try and check-in later. image

When Price is UP, buy; when Price is Down, sell short...

next up... EURUSD and GBPJPY image

When Price is UP, buy; when Price is Down, sell short...

next up, GBPUSD i have a short trade open, Why ? because the W+4hrs=Down... checkout which way last week closed. so, that permitted me to short. however, i think my SL maybe taken out, in that case i will re-assess. re-assess what ? ...yesterday ...

When Price is UP, buy; when Price is Down, sell short...

below i'm posting a few 4hr charts to show and make clear the 4hr LSH buys. first up CADJPY image

When Price is UP, buy; when Price is Down, sell short...

excellent observation and correct placement of the LSH line Woolfpol i hope u still in that buy trade bcz it is pointing higher... a 4hr close above that dotted line confirms trade direction. image

When Price is UP, buy; when Price is Down, sell short...

hello Woolfpol very good, you're getting the hang of it...just one small worry i have regarding your entries... they are very late, so i have taken the liberty to show on your own posted charts where the entries should have been. by this i mean.. ...

When Price is UP, buy; when Price is Down, sell short...

one more thing... i'm making a strong suggestion to u to change the colours of your charts to visually reflect an up bar better, that way u won't be confused again as to whether price closed up or down... just right click on chart, then select ...

When Price is UP, buy; when Price is Down, sell short...

ok, timilehin, the answer to your question is No. when the weekly candle closes up on friday...that now means, for the coming week we will be looking to buy in 4hrs. unless, price closes below its LSL in 4hrs... as the following 3 charts are ...

When Price is UP, buy; when Price is Down, sell short...

lots of red news today, now for the GBP then later on for EUR, CAD & NZD, so trade the necessary precautions to protect your capital and trading profits.

When Price is UP, buy; when Price is Down, sell short...