Aloha Manxx,
Thanks for sharing what you did. We all need to help each other come into balance on all sorts of matters, and I’m glad you shared what you did. Shall we all hide from correction or shrink from correcting? Of course, not. If we can’t help each other see what needs to be seen, then these forums are useless. [quote=“Manxx, post:7, topic:109014”]
The weekly does give a longer term view of what is the underlying trend but any TA analysis of it is also so long term and turns sooooooooo slowly that one has either fallen asleep, forgotten one even had a position open or maybe even died in the meantime!
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You’re right about that! My weekly was looking good, but them went into a range. Can you imagine four, five or nore weekly candles before it breaks out of a range? I thought I might die first. And all the while not knowing which way it will go, and your trading capital tied up in the negative zone so you can’t lock in profits and use that capital for another trade? I think I’m cured of weeklies, at least for now.[quote=“Manxx, post:7, topic:109014”]
I have actually this summer started to focus on analysing the daily chart in a more tradeable way. I have no results from it yet, but if you like, I am happy to share some of the thoughts and results with you if you think it might catalyse your own developments in these longer timeframes?
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Absolutely! At present, my psychological parameters are M15 to D1, mostly hovering around H4, but I am presently trying some stuff on the daily, and expect to continue doing so. Also, at present, I’m getting ready for massive demos of tradeline bounces modeled after Myronn Saremo’s system, which looks excellent: Advanced strategy #10 (Trend Line Trading Strategy) | Forex Strategies & Systems Revealed. I’m also trying some other stuff, but I think the trendline bounces look most promising, especially with the use of a trendline-price crossover alert that I just discovered. Anything you can think of that can help help me along - whatever system(s) you use - will be more than welcome. If you think what you have to share would be more on the personal side and not for public broadcasting, there must be a way via Babypips to communicate with me personally. At least there was with the old format. If you’d like my personal email address, go to my website, www.BibleStudyProject.org, and pull it off the bottom of the home page just above the PayPal button.
P.S. If you have any pull with Santa, tell him I could use a good retirement bundle - which is why I’m breaking my head over forex!
Thank you, and take care!
Norm!