So the strategy I have been pushing here since I first posted here is to follow the weekly trend WHILE the day chart setup is in agreement. Stop losses on the Day chart are far too much for most traders and I agreed, therefore I trade the H4 chart and time the move there instead with a lot less risk.
This is what 95% of my trading buddies do. Many stick to the Day chart, perhaps 20% trade the H4 due to the risk like me.
Another example this week AUDJPY
While I may have said it was a Reversal trade, that is not quite the real picture.
It was really strong rejection on the Day Chart that allowed me to take a Long with two trades for 90 pips profit ( currently closed over weekend ). Here the Worker has decide to tell the Boss to rake off, I'm going Long.
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Forex Trading 2018- TA/FA- Setups and discussion, page-3504
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