This will be my "The Weekly Flow" trading system.
I trade all the pairs that I can, and this system is a rules based alerting, then look around a little before deciding to enter, type of system. It monitors the Weekly chart for that alert, then adds the daily chart to help validate the alert before entering. (Yes. I do sometimes later look at the 4hr chart, and even less rarely, bring up the 1 hr chart for a glance.)
I decided to re-enter the forum because of where I am at with trading this very easy system that I put together from my most eye opening Forex moments. I started with around $550 in my account around beginning of Feb., 2017. By July into August I was down to around $230.00. However, when I first started dedicating to this system, I still also strayed from it. It was about that time in August that I finally got rid of those bad habits that were not part of the system.
As of 10/27/17, I regained my losses thanks to finally eliminating enough bad habits, that the system started working.
This will be my The Weekly Flow trading system, and I am the Ten Year Plan Man.....hahahahahaha
Profiles: I have 8 profiles: P1 to P8. The 8 profiles contain a total of , which in-turn consist open 100 open charts. Six of the eight profiles hold 4 pairs (eight charts). The other two profiles hold 3 pairs (six charts). Each pair is made up by both the D1 and the W1 charts. So, if done correctly, one would have 50 weekly charts open and 50 daily charts open.
Indicators: The only indicator I have on my charts is the BB(34). I guess that is the only indicator I have not gotten rid of....hahahahaha....seriously!. It really has little to no bearing on the trade entry or exit, but I guess sometimes it is an overall nice reference.
Okay... here is a 1 of the 8 profiles so you can see what I am talking about......lets see. Now how did this uploading charts thing go again........ See charts at bottom.......
How I trade.......
1. First and most important for me is that I have to see a set-up on the weekly chart before I go any farther.
2. After seeing a set-up on the weekly chart, I will check the daily chart. I will also peak at the monthly and the 4 hour charts if I think I should.
My Weekly Signal....... #1 - This is the main signal.....
1. I start looking to go short after I see 3 closed higher highs in a row, and I look to go long after 3 lower lows in a row have closed. Make sense so far? If not, just wait.... the trades will appear, and you will then see....
2. After getting the third closed higher high, I will want to enter below the low of the last higher high. I will move the entry up if need be. The opposite goes with three lower lows for looking for a high trade, above the high of the last lowest low.
3. Find a stop loss, or at least know your limit as to how far you will go in the negative before closing a trade. Remember you are playing with smaller lot sizes, but still know your limit, and trust yourself. Read the charts.... there will be time to get it right.....
My Weekly Signal....... #2 -Secondary signal.......
1. This is a little more selective/objective trade and how to recognize the signal will come soon... Cripes! I am exhausted.......
Conclusion.......
1. There is of course more to taking pips than the entry. In fact, I find the entry too easy, and one has to be careful. The key to winning money, is to simply stop entering where your are going to lose it. Another words... the SL, TP, are important. Your gut is important, but your eye is more important. What do you see?.... the trees make the the weekly chart forest. Monitoring your pips is also important. I hope that you find like I do the market picture these 100 charts show. And I am only at the start..... looking for one thing on one chart......then I do my best to watch, see, and respond accordingly.....using the time the weekly chart gives me.
More to come....Thank You..... I hope that you have found this useful. Thanks so much! Please feel free to interact in anyway!.. charts, comments, questions...These are things we will have time to think about and discuss,,,
I trade all the pairs that I can, and this system is a rules based alerting, then look around a little before deciding to enter, type of system. It monitors the Weekly chart for that alert, then adds the daily chart to help validate the alert before entering. (Yes. I do sometimes later look at the 4hr chart, and even less rarely, bring up the 1 hr chart for a glance.)
I decided to re-enter the forum because of where I am at with trading this very easy system that I put together from my most eye opening Forex moments. I started with around $550 in my account around beginning of Feb., 2017. By July into August I was down to around $230.00. However, when I first started dedicating to this system, I still also strayed from it. It was about that time in August that I finally got rid of those bad habits that were not part of the system.
As of 10/27/17, I regained my losses thanks to finally eliminating enough bad habits, that the system started working.
This will be my The Weekly Flow trading system, and I am the Ten Year Plan Man.....hahahahahaha
Profiles: I have 8 profiles: P1 to P8. The 8 profiles contain a total of , which in-turn consist open 100 open charts. Six of the eight profiles hold 4 pairs (eight charts). The other two profiles hold 3 pairs (six charts). Each pair is made up by both the D1 and the W1 charts. So, if done correctly, one would have 50 weekly charts open and 50 daily charts open.
Indicators: The only indicator I have on my charts is the BB(34). I guess that is the only indicator I have not gotten rid of....hahahahaha....seriously!. It really has little to no bearing on the trade entry or exit, but I guess sometimes it is an overall nice reference.
Okay... here is a 1 of the 8 profiles so you can see what I am talking about......lets see. Now how did this uploading charts thing go again........ See charts at bottom.......
How I trade.......
1. First and most important for me is that I have to see a set-up on the weekly chart before I go any farther.
2. After seeing a set-up on the weekly chart, I will check the daily chart. I will also peak at the monthly and the 4 hour charts if I think I should.
My Weekly Signal....... #1 - This is the main signal.....
1. I start looking to go short after I see 3 closed higher highs in a row, and I look to go long after 3 lower lows in a row have closed. Make sense so far? If not, just wait.... the trades will appear, and you will then see....
2. After getting the third closed higher high, I will want to enter below the low of the last higher high. I will move the entry up if need be. The opposite goes with three lower lows for looking for a high trade, above the high of the last lowest low.
3. Find a stop loss, or at least know your limit as to how far you will go in the negative before closing a trade. Remember you are playing with smaller lot sizes, but still know your limit, and trust yourself. Read the charts.... there will be time to get it right.....
My Weekly Signal....... #2 -Secondary signal.......
1. This is a little more selective/objective trade and how to recognize the signal will come soon... Cripes! I am exhausted.......
Conclusion.......
1. There is of course more to taking pips than the entry. In fact, I find the entry too easy, and one has to be careful. The key to winning money, is to simply stop entering where your are going to lose it. Another words... the SL, TP, are important. Your gut is important, but your eye is more important. What do you see?.... the trees make the the weekly chart forest. Monitoring your pips is also important. I hope that you find like I do the market picture these 100 charts show. And I am only at the start..... looking for one thing on one chart......then I do my best to watch, see, and respond accordingly.....using the time the weekly chart gives me.
More to come....Thank You..... I hope that you have found this useful. Thanks so much! Please feel free to interact in anyway!.. charts, comments, questions...These are things we will have time to think about and discuss,,,
"Keep your eyes on the helpers" - Mr. Rogers