I think you're confused, I never mentioned a buy and hold strategy, but thanks for your advice anyway. Word of advice, you should use a less derogatory manner it doesn't reflect well on you. Good luck with your strategy and lots of pips for you.

Why chase the trend instead of the range?

@satch... great post Sir. @Toppo, Satch is correct, I am making no presumptions about the future movement, I am just playing the probabilities that sooner or later pairs will move in one direction for a sustained period, the wins from those periods ...

Weekly/h4 trend trading - flow

Remember, not everyone is looking to get in at A and out at B. Most of the successful funds are looking to get in at A,B,C,D,E,F,G and then out. Retail traders never even consider that, they can't wait to exit a trade, the reason most fail, the ...

Why chase the trend instead of the range?

I have covered it a few times in the thread, have a look at post 99

Weekly/h4 trend trading - flow

similar to Steve primo's stuff... essentially this is the age old stock trend trading... find a trend, buy the dips in an uptrend and sell the rallies in a downtrend. Modern times have seen us pander to humans obsession with instant gratification, ...

Weekly/h4 trend trading - flow

Hi dboy, welcome. Drawdown is reduced by entering with 2 lots - one is a swing entry, one is a position trade entry. The swing entry I close the same week, the position entry is stacked for the bigger wins. The swing entry will reduce drawdown, ...

Weekly/h4 trend trading - flow

how often do weekly bars close at or near their extreme? If you're using the double entry technique (you really should!) hold them to the end of the week (thursday, friday) Remember weekly bars are unique to any other timeframe!

Weekly/h4 trend trading - flow

Hi Toppo. sure I will do a bit about that. if youre trading h4 entries I would suggest taking 2 positions at each entry, close one the same week and let the other stack as a position trade.

Weekly/h4 trend trading - flow

not really traded USD/TRY before but it looks great on weekly for trends... will be watching this for signs the dollar is going to trend again... image

Weekly/h4 trend trading - flow

yes yes Sir... exactly.

Weekly/h4 trend trading - flow

thanks

Weekly/h4 trend trading - flow

I do... but either works... you can be flexible as the details will not make it a winning or losing system. But, you need to be able to get up everyday and execute your system, this is the only reason we make these rules... they offer no edge, our ...

Weekly/h4 trend trading - flow

just wanted to take some profit, my bias is still short though so will continue to short next week... I think I got around 2000 pips in total from this EA correction, so not bad considering the markets seem unsure which way to go right now. I don't ...

Weekly/h4 trend trading - flow

you're right Dan, A sets the high for the current day, B closes down (our hint of possible direction change), C breaks the low of B and we enter. We use this 3 point method not because it has high probabilities, we use it because it gives us easy to ...

Weekly/h4 trend trading - flow

how do you find the low of the week? go to lower TF (h4 or h1) wait for it to make a low, wait for it to turn around and close up, buy the breakout - repeat until you have the low (opposites for short trend) image that is all you need to do... the ...

Weekly/h4 trend trading - flow

here's the last year of EA weekly chart... Find the trend (higher TF) buy the lows each week, hold them image

Weekly/h4 trend trading - flow

this is a weekly chart of GJ for the last 18 months, with a 20EMA... Obvious trend up, We just need to buy the low of every week and wait image ....?

Weekly/h4 trend trading - flow

Not really Dan... but i'm happy to explain some stuff if you like..what part do you need clarifying?

Weekly/h4 trend trading - flow

Thanks Toppo, I have been playing around with different frequency MA's for bias, I like the fact that the slower 100 keeps you in the weekly trends that can go on all year

Weekly/h4 trend trading - flow

Im using the 100ema on DAILY - so thats the 600ema on H4... glad you like it, Trend trading is the way!

Weekly/h4 trend trading - flow