Join 10,000+ savvy traders that get Michael's exclusive insights & podcast episodes.

as seen on:

Trend Following Weekly Moving Averages

Reader: I saw the documentary you posted on Twitter regarding fractals and I am extremely happy to see that you studied the source. There are very rare people that do that. I tested some systems based on weekly moving averages/breakouts in futures markets. The results are very good, but one has to wait the whole week & it requires tremendous patience. What say regarding weekly strategies in futures markets?

Covel: Weekly. Yes! Many top pros do so too. Were you looking for a quick confirm?

Reader: Yes, because I used to trade daily time frames. Never thought of weekly. Now when I tested I found it to be smooth. Although there are sometimes only 4-5 trades a year. Also, in some stock futures I backtested and found the results slightly negative over 10 years. But in combination of overall portfolio it was greatly positive. Also, I think that the majority will not think of weekly time frames while trading futures in this High Frequency world of today.

Covel: I agree. Many agree. It works. Has for decades. Patience is an issue for any strategy.

Tagged with: , , , ,
Posted in Feedback, Trading 101, Trend Following
Free Market Wizard Video!

Receive FREE expert trader video now!

Covel Books & Film
Massive Performance

Trend following performance numbers.

Trend Trading Systems

Pricing for trend following systems. 1000s of clients across 70+ countries.

Live Trend Following

Michael Covel's live events.

Trend Following Podcast

Michael Covel's podcast. 3M+ listens; 400+ episodes: iTunes & Android.


Free Market Wizard Video!

Receive FREE expert trader video now!

Online Payments


Regular guy makes Trend Following fortune. His free video lesson: Watch It Now.