4 小时每周趋势 (4hr on Weekly Trends)

Hi,

I've seen so many great trading systems here. Im just doing a small part to contribute a simple system.

You need the CLOSE of the last weekly candle and 4 SMA to determine your trade direction for the next week. If its a RED candle then plan on shorting. If its a Green candle then plan on longs.

On the 4hr Charts :

Use SMA 30 on the 4hr as guide for price movements.

For Long trades,
Price bounce or crossing down on MA usually gives indication that you are likely reaching a VALUE Buy area.

Additional tools that helps but not core :

Fibs level taken of trend swings helps...38.2 - 61.8 are also seen as criticla levels, its advised you plan your entries based on PA along these lines.

RSI 14 testing/cutting below 50 is another indication to go long. Further RSI movements to 30 or below gives a strong signal to further buy up. Do exact opposite for shorts.

Use MM to your own discretion.

PS: Use of 30 period sma simply identifies the weekly PA. If the week closes with a red candle, you are likely to see price trading below the 30 SMA on the 4hr. Below attached Euro Dollar Weekly.

regards
Jest