Trading system based on short-term and medium-term fluctuations.

[Gary186]

Those lines look to be drawn simply from bottoms to peaks.
You'd have to wait a month or so to be able to draw them, to know that the trend has finished.

Whereas a trendline, drawn under the the whole trend, with a minimum of 3 contact points, gives at least some sort of forward guidance of where a trend may go.

I agree with you. The mid-term trend is a great idea, but it is not enough to build a system.

 

[Gary186]

I am sure this method is profitable, but we may not have enough patience to wait. I will use a chart to explain entry and stop loss.

1,2,3,4 all all mid-term high, the trend is not important and hard to use, break out mid-term high and stay above, then long, otherwise stop, or short
Last point 4, we can short because, for mid-term high or mid-term low, they are zones, we can trade both long and short. also up trend is long enough, maybe wave 5, we will wait for a mid-term downtrend later.
I hope you can understand, my English is not good

 

[kabash]

 

[kabash]

 

[kabash]

1,2,3,4 all all mid-term high, the trend is not important and hard to use, break out mid-term high and stay above, then long, otherwise stop, or short
Last point 4, we can short because, for mid-term high or mid-term low, they are zones, we can trade both long and short. also up trend is long enough, maybe wave 5, we will wait for a mid-term downtrend later.

I open a position on a correction with a minimum stop, and you on highs. That's the difference.

 

[kabash]

 

[kabash]

 

[kabash]

 

[Gary186]

I open a position on a correction with a minimum stop, and you on highs. That's the difference.

I think any indicators or signals are ok.
"high" is a zone. We can long or short, I think there is no mechanical logic.

 

[Gary186]

It is better to use your indicator on the daily chart.