What technical analysis fits: One trade per week?

[Persson121]

Hi. I wonder what technical analysis fits: One trade per week?

I have look for people who is one week trader and they have:
* Candlesticks
* RSI
* MACD
* SMA

What more do i need for analyse more if im a week-trader?
Williams%R ?

 

[forker]

I do 1 to 2 trades a week but it isn't framed in terms of indicators, it's framed in terms of time frame. For me it's 4 hour and daily

 

[Persson121]

I do 1 to 2 trades a week but it isn't framed in terms of indicators, it's framed in terms of time frame. For me it's 4 hour and daily

What do you mean?

 

[NVP]

use the 1 minute chart for trading weekly .....

 

[Mrs M]

Yes, I'd agree that a 4-hr chart sounds about right for weekly trading. There isn't a single indicator to match your timeframe.

 

[dan1986ccfc]

Hi. I wonder what technical analysis fits: One trade per week?

I have look for people who is one week trader and they have:
* Candlesticks
* RSI
* MACD
* SMA

What more do i need for analyse more if im a week-trader?
Williams%R ?

I use daily candlesticks and try and pick out support and resistance points along with a 20, 50 and 200 SMA. Keep it simple is what I have begun to learn.

I think you should be more flexible on the 'one trade per week' thing.

 

[forker]

4 hour time frame supports this type of trading very well.

 

[FringFX]

Hi. I wonder what technical analysis fits: One trade per week?

I have look for people who is one week trader and they have:
* Candlesticks
* RSI
* MACD
* SMA

You can trade once a week with or without indicators.
Find the best setups on one hour, 4 hour or daily timeframe.

 

[rathcoole_exile]

weekly Pivot Points (or Monthly PPs)
no indicators involved.

price will spend the majority of the week in no-man's-land
just plan in advance what you'll do if/when price hits a Pivot Level.

 

[FringFX]

weekly Pivot Points (or Monthly PPs)
no indicators involved

are PPs all that you use? weekly and monthly PP only?
what kind of PP, just the standard one?

 

[Ristoril]

weekly Pivot Points (or Monthly PPs)
no indicators involved.

price will spend the majority of the week in no-man's-land
just plan in advance what you'll do if/when price hits a Pivot Level.

which PP you like to use?

Floor?
Woodies?

 

[rathcoole_exile]

Camarilla

 

[Ristoril]

Camarilla

thats interesting, i never found them to be ... useful, they were too bunched in all close together

 

[rathcoole_exile]

mostly ignore levels 1 & 2
levels 3 & 4 work very well,especially on Weekly

 

[Ristoril]

mostly ignore levels 1 & 2
levels 3 & 4 work very well,especially on Weekly

the more you know . I never thought of that.

I like DeMark and Floor

 

[rathcoole_exile]

here's this week's Weekly Cam action on ESU12

 

[rathcoole_exile]

but no doubts that Floor has merits too ....

 

[Ristoril]

but no doubts that Floor has merits too ....

I have been thinking of an algorithem to test pivots. I mean when you live trade them, it seems like they work. But you always wonder in the back of your head if you are just seeing things.

Someone put a really good picture of all the pivots , and then widened them a bit for wiggle room. At that point you had pretty much every point on the graph an acceptable place.

But I am almost for certain they work. The way price approaches them, the way it refelcts or breaks through and resets. I just wish there was a more algorithmic way of testing them. But then, just thinking of the question itself is half the game.

 

[Aspen Trading Group]

Hi. I wonder what technical analysis fits: One trade per week?

I have look for people who is one week trader and they have:
* Candlesticks
* RSI
* MACD
* SMA

What more do i need for analyse more if im a week-trader?
Williams%R ?

In order to trade with a frequency of once per week (generally speaking) it is not based on the indicators you are looking at but rather the time frames you are tracking. I suggest looking at 60-min and 4-hour charts to get into the trade frequency you are suggesting.

I would add one other thing, and while I am biased as I am a long-time user of Elliott Wave and Fibonacci - both of these approaches allow you to measure your trades in both terms of price AND time - thus further clarifying your trade frequency/duration.

Hope that helps.

Aspen's Threads at T2W:

Trade Ideas

Aspen's Methodology

 

[Vicorka]

Simple calculations:

1-2 trades a week means you want to spot trends (price movements) that are at least 1-2 days long.
1 trading session has 6.5 hours.
2 trading sessions would have 13 trading hours.

Now, if you want to spot trends that last at least 13 hours you may use
a) hourly charts but the bar period settings for your indicators should not exceed 13 or you will not be able to spot it
b) 30-min charts but the bar period settings for your indicators should not exceed 26 or you will not be able to spot it
c) 15-min charts but the bar period settings for your indicators should not exceed 52 or you will not be able to spot it

I would not ho into smaller time frame as it more for intraday trading.

About the indicators. I consider that there should be at least one price based, one volume based and one volatility indicator. Only by analysing all three parameters you will see the complete picture. Some indicators, like Ultimate Oscillator or Volatility adjusted MACD already carry price and volatility analysis. The same with price and volume, some indicators combine volume and price analysis: CMF, MFI, SBV Oscillator, SBV Flow.

With respect to indicators listed by you, you may use them. I would still recommend adding a volatility indicator. When volatility changes dynamic of price trend reversal changes and you need to adjust settings of your indicators. Otherwise you may run into situation that on one day your indicators start to generate signals either when its too late or too early.