BlogMay 12, 2022Michael Covel

“I trade forex for weekly swings if you will…”

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I am a trend follower of some kind. I don’t trade breakouts but I look for signs of momentum and then follow that impulse until I see the same signal to the other side, then I follow it too. But also I am not a long-term trader. I trade forex for weekly swings if you will, looking at 4hr and 30 min charts.

That is not trend following. Toss the 30 minute bar nonsense.

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