weekly chart forex trading strategy

here that could have been a good secondary indication to get into the trade. But it does NOT cost you anything extra, it helps pay for my hosting costs and a portion of the proceeds go to my charity partner. September 1, 2003 Weekly Risk: 340 pips Possible Reward: 2564 pips Potential:.5R Notes: Resistance becomes support. February 27, 2006 Weekly Risk: 383 pips Possible Reward: 3917 pips Potential:.2R Notes: Huge potential return on this trade. Really nice continuation pattern. There would have been a good R multiple if the trade was taken on this timeframe.

Weekly chart forex trading strategy
weekly chart forex trading strategy

Daily Notes: Not a real strong signal on the daily chart. It is a decent setup though. This will help identify possible opportunities, as well as false positives. . October 22, 2007 Weekly Risk: 286 pips Possible Reward: 1597 pips Potential:.6R Notes: This is a trend continuation play. July 27, 2009 Weekly Risk: 321 pips Possible Reward: 830 pips Potential:.6R Notes: Another continuation pattern trade.

When effectively used, the may provide the trader with greater control over the trading process, and may also allow effectively mitigating the risks and raising profits when combined with intraday strategies. Systems based on weekly charting are a less labor-intensive way of participating in the. Assuming you have a good basic understanding of the. Forex market and various risk reduction strategies, you ll want to begin to develop your weekly trading system by looking at some charts.