Please forward this error screen to cp119. As a swing trader, I’m traditionally trading setups on timeframes like 1H, 4H and daily. In the past couple of months, however, I’ve changed my approach a forex signal and will often trade other time frames such as 2H or 8H too. My Trade Advisor members have seen and used these custom timeframe setups to their advantage many times.
The reason is that sometimes, a setup is just too granular to be traded on the 1H charts but too coarse to be traded on the 4H charts. The same goes for the 4H and daily timeframes: sometimes, a setup just looks the best on the 8H charts. Another week has passed and we’ve rolled over into March already. We had a good number of setups that triggered early in the week and the rest of the week was a bit quieter.
That’s just part of being a trader, you can’t always choose the opportunities that come along! Every weekend, my Trade Advisor students get a list of all of the setups from my personal watchlist for the upcoming week. This week, I’ve sent out 14 setups, spread out over the 1H, 4H and daily timeframes, so there’s something for everyone! As we go into a new week, I wanted to share some of those setups with you and give you an insight into how I trade.
How do you know that your trading strategy really works? If it took you more than 2 seconds to answer this question, read on. When you start trading a new strategy, this question can be challenging to answer. You might have trading rules but because you’re not sure about your edge, your confidence in the strategy will last until you get your first couple of losers. All of a sudden, you question everything. Did this really work to begin with?
What if I was just lucky? Is this a good enough signal to enter this trade? If you’ve been trading for more than a week, you’ve probably asked yourself these questions multiple times. How do you accurately determine when to enter? While things like trade management, exit strategies and discipline are also big contributing factors towards your performance, picking a good entry point will increase your chances of having a winning trade on your hands. Because I enjoyed sharing my trading review for the first week of the year, I decided I would just do the same this week!