Shaquan Lopez(Admin)
Jun 20, 2022
There was a time when I thought 20-30 pip trades were the best type of trades I could enter, but my analysis told me I could catch more pips.
The sad part was I didn't know how to hold my trades and what timeframes I needed to stay on deliver those pips I missed.
Fast forward to 2022, I've learned that a significant timeframe to catch big trades is the weekly timeframe. That's exactly what I just did on USDCAD.
The weekly timeframe is what is known as a time period. For example, it takes five trading days for one weekly candlestick to close.
What does this mean for you?
This is not a timeframe you should analyze every day. Since it takes five days for the candlestick to close, there is no good purpose for being on this timeframe very often.
I say at least after it closes each Friday. It gives you a bigger picture of who took control for the week; buyers or sellers.
If you analyzed the 1-hour timeframe, how many pips do you think you'd gain per trade?
You could make an easy 20-50 pips easily.
What do you think would happen if you analyze the weekly timeframe? You could easily add a zero to how many pips you could gain.
That's because there is more room for price to move.
"Timeframes change, but your rules stay the same" – Shaquan Lopez, Forex Coach
Well, take the strategy you trade now and use it on the weekly timeframe. That's precisely what I did on USDCAD.
This is precisely what I had to learn how to do, and it works! No more 20-30 pip trades.
I now prefer my trades to be 70 pips and more. Anything fewer means I'd need to drop down to the one or 4-hour timeframe, which isn't a bad idea. I prefer not. I have clients who trade the 4-hour timeframe successfully under my teachings, and this is where I say go for it!
Your next big trade can happen too! All you need is the know-how and motivation. I'll be here when you're ready.
I'll have you catching more pips after working with me for six weeks. So schedule a Free Discovery Call With Me Today, and let's get you ready to grab your next big trade.