Home » Free Forex Weekly Trading Setups » Page 40Free Forex Weekly Trading Setupsby SDDecember 17, 2022April 19, 2023Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 46 thoughts on “Free Forex Weekly Trading Setups” Ziboy July 18, 2022 at 06:35 Thanks for the setups. jor May 8, 2022 at 22:29 BTCUSD has a bear flag that got broken last week. My final target is 12k. SD May 11, 2022 at 10:10 Certainly not a far fetched outcome for Bitcoin. While I don’t usually make projections, 12-17K is doable. jor April 17, 2022 at 23:15 Watch out for inverse H&S on GBPAUD. This pair may be reversing here. Neofyta January 19, 2022 at 17:30 Signals 16-21 January, please explain the following: AUDJPY on the monthly timeframe is in downtrend, making lower highs. On the weekly timeframe, it makes double top. On the daily timeframe, if you draw a trendline joining the lows of 3 December, 20 December and 10 January, it has just break the trendline. What are your criteria to look for upside? SD January 21, 2022 at 20:34 I submit that the monthly has been moving higher off the lows of March 2020 and is putting in higher highs and lows with over a 2000 pip run. I also submit that the monthly is a range at highs. I don’t consider monthly outside of structures…such as the consolidation. The weekly double top has done it’s job. I’d have been more impressed with the double top if there was an actual momentum break of highs and immediate rejection. If that had occurred, we may have seen a true down trend form. I see more the weekly forming a triangle. If I were a weekly chart trader, I would have shorted the recent rally due to the strong move to the downside. Daily. My trendlines rules don’t just connect any high or low. I have to be able to connect the last low into a high for a valid uptrend line. Your trend line, for me, is not valid. Because your trend line is not valid for me, this recent move was, at first, the making of a complex correction. However, once price started basing on support, that is bearish. The momentum move down on the last day of the week, confirmed the break. I am a swing trader. While I take the trend into consideration, I have other price action and structures I concern myself with. I know my time frame. I can easily trade a bull flag on a daily during a down trend on the weekly. It’s paid off extremely well over the years not only in FX and Crypto, but also stocks. I don’t trade futures much anymore. jor April 17, 2022 at 23:16 How is audjpy in a downtrend on Monthly. It is a clear uptrend having broken all kinds of previous highs. nogag January 17, 2022 at 18:07 EURGBP longs will not be ready until the price takes out the Double Bottom it established in 2020. Once that is done, it will be a great trade for the year, all the way to 0.90 SD January 17, 2022 at 23:32 I see where you are going with that. Take out the potential support, reverse, and look to trap shorts who must reverse. What you trade in time frame dependent. Most certainly as a swing trader there were clear opportunities to buy. Keep in mind the currencies are driven by different factors that have a greater effect on sustained price moves than standard technical analysis. jor April 17, 2022 at 23:20 Well, as I had pointed out eurgbp did take out that DB. But euro is still very weak bcos of the war. I will wait until the war situation cools down and then look for setups in euro to buy SD April 26, 2022 at 14:17 Yes. One look at the Euro futures and it’s easy to see how weak the Euro is. By the same token, the Yen futures is also weak. Depending on your time horizon, playing long in a EUR cross can work. Traders just have to ensure they have a trade manage plan or they can get eaten up. Ben November 3, 2021 at 14:20 Is basing at highs or lows essentially a flag pattern, traded in the usual manner? Fantastic content all round, thank you for your efforts! SD November 7, 2021 at 19:59 Appreciate it Ben. Basing would generally mean a horizontal range but they take many forms. Patterns are rarely perfect and I find the uglier it is, the better it can trade. The basing can have you enter a position before breaks that will lure in other traders. Failure test of the lows of the base, a break of a previous candle high, can be entries. I also don’t look for a perfect entry location. As long as I have direction right and use smart stops, I don’t have to pick the top or bottom. That said, basing, flags, etc, I will generally call all of them a consolidation for simplicity sake. Wixy October 20, 2021 at 00:07 Hi. For wk 10th Oct, you mentioned that you traded inside bar set ups for CAD/JPY and CHF/JPY for very good pip gains. I’m learning so would really appreciate it if you could confirm the date and timeframe, which these occurred please. SD October 24, 2021 at 13:20 I don’t have the time to go back over old charts however any time frame entry other than the daily, will be the four hour chart. Inside bars are obvious. Keep in mind that all you have with an inside bar, is a lower time frame consolidation. You can play the break of the inside bar OR head to a lower time frame to see the consolidation. Forex Newbie October 4, 2021 at 21:59 Hi SD, I just discovered this website. Do you typically send out alerts of when you enter these given trades? SD October 6, 2021 at 17:24 Thanks for coming by. The only time I update is on the weekend. Every trader will have their own way of triggering into the trades. As you go through the history of this section, you will read about the few triggers that are used. This was never about having a trade alert service. Mohamed September 6, 2021 at 22:54 Thank you so much i find it promising since It provides the signals with educational touches. So clever idea and productive Keep it up you deserve all support PGT August 30, 2021 at 03:28 Thanks for all the information you provide. I started trading in May this year. Am only on a demo account for the time being. I have learnt alot from Youtube etc and think that I have a gresp of the basics. I started off alright but now I am making the wrong decisions, and am finding it increasingly difficult to read the charts. It’s all becoming a nightmare. Any advice would be most welcome. Paul July 5, 2021 at 14:51 Thanks so much ❤️❤️📈📈 Thabea July 5, 2021 at 11:48 This is absolutely wonderful OBAKENG MOKOKA June 7, 2021 at 04:45 Hi SD.. I’m Bkay, thank you so much for the information you share with us new traders, highly appreciated…I was wondering as a price action trader, what timeframes do I have to use to check for reversal candlestick patterns? SD June 7, 2021 at 10:33 Thanks for the words. All timeframes are important depending on your style. For me, daily charts, four hour charts, and a bigger picture weekly/monthly are used. Loveline Egbuna May 24, 2021 at 21:37 Thanks. Jay Singh April 5, 2021 at 07:28 @SD Many thanks for replying and I would just like to add that for someone who is 53 years old…..starting out all over again I wanted to say thankyou for the amount of information you have provided for the likes of me who are just starting out. Good luck to you and all that follow your trade setups as for me I am going to be practicing until I know, understand the tools I will be using (including charting software), and develop my edge as a PA trader. Best SD April 5, 2021 at 23:57 Hey Jay. You are welcome. Take your time, understand why I choose these setups and the trade triggers. Mohann April 5, 2021 at 05:47 Is there a way that the charts with recommendations can be enlarged or blown larger so that the level numbers are visible clearly. Thank you. Mohann SD April 5, 2021 at 23:59 You don’t need the exact price point. Just find the location on the chart and draw a box. You used to be able to click on the image and get the larger….but a few sites were using my images on their sites. I disabled that function. Ugrit Thanpisaitara March 22, 2021 at 20:52 Thank you for your analysis. John Njoroge March 9, 2021 at 06:07 Hi SD, I have been following your trade set ups. To be honest, I like your approach which has taught me alot in this market. Great work SD March 9, 2021 at 18:17 Glad to read that John. What’s great about the setups I pick and the trade triggers on the lower time frames, there’s usually a trade that works (even a little) or a trade that never triggers. Really helps win loss rate which, although not the only measure of success, it’s a good starting point. Shingi March 4, 2021 at 01:44 Hi SD, I hope I find you well. I can now easily find the triggers and trade successfully. Now, I want to spot the setups for the coming week on my own and compare what I have with yours. Can you tell me what should I look for or how should I go about it. Your help in this regard will be much appreciated. SD March 9, 2021 at 18:16 Hey Shingi. Glad to see that finding the triggers has become easier. You probably have about 3 you can use on the lower time frame trigger chart – trend line breaks, breakouts, failed tests of lows/highs. If you go back over all he setup charts, you will start to see a theme as to why I pick the ones that I do. Much better way to “get it” as opposed to me explaining it Jonathan McGrath February 10, 2021 at 11:49 Really nice content. I’m learning a lot on how to get in to the markets at the right levels. Cheers. Samuel January 11, 2021 at 02:38 Great setup David January 10, 2021 at 18:07 Hi SD, do you have a social media platform where you traders signals so I that I can know exactly when to take a trade. Thanks And great work, you’re the best at what you do SD January 11, 2021 at 13:55 Hey David. Thanks for the words. No, I don’t use social media. Weird, I know! Your goal should be to find trade triggers that work for you. So many ways to do that – indicator, reversal candle, breakouts on lower time frames, trend line breaks…….. Oliver January 10, 2021 at 13:39 Hi SD, I took a 2/1 profit on NZDJPY thanks for that and look forward to the coming weeks setups SD January 10, 2021 at 15:29 Great work Oliver. Kazeez January 14, 2021 at 16:25 Please,I need some of the indicators that you mentioned in ur scalping trading strategy. (1)Fisher Indicator (2)supertrendTrend Indicator. kindly help on how to get them.Because it’s not in the indicators list on my MT4 platform. SD January 17, 2021 at 13:22 You are going to have to search for them. I don’t use MT4 but I am sure they are coded somewhere. Google, can be your friend: https://www.best-metatrader-indicators.com/super-trend/ Jay April 3, 2021 at 16:25 Hi, I’m a newbie. Which charting software do you use or would recommend SD April 4, 2021 at 16:31 I use Tradingview for all my charts. There is a free version but since I trade stocks and futures as well, I use the pro plan and data add-ons. Shingi January 4, 2021 at 04:46 Hi SD – Happy New year!! How did last week’s setups do? SD January 4, 2021 at 16:23 https://forextradingstrategies4u.com/forex-trading-signals-5/ Utibe Emmanuel January 3, 2021 at 06:47 Great setups Comments are closed.