{"id":13349,"date":"2025-07-02T08:43:21","date_gmt":"2025-07-02T08:43:21","guid":{"rendered":"https:\/\/trading-edge.live\/?page_id=13349"},"modified":"2025-10-27T22:08:17","modified_gmt":"2025-10-27T22:08:17","slug":"we-take-trades-based-on-daily-weekly-or-monthly-basis-only","status":"publish","type":"page","link":"https:\/\/trading-edge.live\/index.php\/we-take-trades-based-on-daily-weekly-or-monthly-basis-only\/","title":{"rendered":"22. We Take Trades Based on Daily, Weekly or Monthly Basis Only"},"content":{"rendered":"\t\t
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Daily, Weekly or Monthly<\/h1>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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  1. Is the current trend bullish or bearish?<\/li><\/ol>

    2. Is the main trend bullish or bearish on selected timeframe?<\/p>

    3. Where is price now? where are the keylevels?<\/p>

    4. Are there any Price Action?<\/p>

    5. Are there any failed Price Action?<\/p>

    6. Is there evidence that the market is getting rid of buyers or sellers?<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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    \ud83d\udcb0\u201cThe Power of the Trends\u201d<\/strong><\/h3>

    Quotes:<\/h3>

    1. “Let Price Tell the Story.”<\/strong><\/p><\/li>

    2. “Price Never Lies \u2013 Everything Else Might.”<\/strong><\/p><\/li>

    3. “Trade What You See, Not What You Think.”<\/strong><\/p><\/li>

    4. “Candles Speak Louder Than Indicators.”<\/strong><\/p><\/li>

    5. “The Truth is in the Candles.”<\/strong><\/li><\/ol>
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      The Golden Rule: Have a Plan Before You Enter!<\/h3>

      No matter which method you choose, the most crucial aspect of taking profit is to define your take-profit point before<\/i> you enter the trade.<\/b> This prevents emotional decisions and ensures you’re trading with discipline. It’s part of your “best setup” plan!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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            1. \u201cAdvantages of this Trading Edge?\u201d<\/strong><\/h3>\n

      In the dynamic world of financial trading, <\/span>key levels<\/span><\/b> are the unsung heroes of technical analysis.<\/span> Think of them as crucial lines in the sand on a price chart \u2013 specific price points where an asset’s value has historically shown significant reaction. Whether acting as support<\/b> (a floor preventing further falls) or resistance<\/b> (a ceiling preventing further rises), these levels are where supply and demand typically battle it out. Understanding them is fundamental, as they offer traders powerful insights into potential price reversals, continuations, and strategic points for entering or exiting trades.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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      \u00a0 \u00a0 \u00a01.\u00a0\u201cDaily Weekly or Monthly Reading\u201d<\/strong><\/h3>

      In the dynamic world of financial trading, <\/span>key levels<\/span><\/b> are the unsung heroes of technical analysis.<\/span> Think of them as crucial lines in the sand on a price chart \u2013 specific price points where an asset’s value has historically shown significant reaction. Whether acting as support<\/b> (a floor preventing further falls) or resistance<\/b> (a ceiling preventing further rises), these levels are where supply and demand typically battle it out. Understanding them is fundamental, as they offer traders powerful insights into potential price reversals, continuations, and strategic points for entering or exiting trades.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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      \u00a0 \u00a02.\u201cDaily, Weekly Monthly Vs. DayTrading Charts\u201d<\/strong><\/h3>

      In the dynamic world of financial trading, <\/span>key levels<\/span><\/b> are the unsung heroes of technical analysis.<\/span> Think of them as crucial lines in the sand on a price chart \u2013 specific price points where an asset’s value has historically shown significant reaction. Whether acting as support<\/b> (a floor preventing further falls) or resistance<\/b> (a ceiling preventing further rises), these levels are where supply and demand typically battle it out. Understanding them is fundamental, as they offer traders powerful insights into potential price reversals, continuations, and strategic points for entering or exiting trades.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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      \u00a0 \u00a0 \u00a0 5. \u201cVideos: Daily, Weekly, Monthly in Action<\/strong>\u201d<\/strong><\/h3>

      In the dynamic world of financial trading, key levels<\/b> are the unsung heroes of technical analysis. Think of them as crucial lines in the sand on a price chart \u2013 specific price points where an asset’s value has historically shown significant reaction. Whether acting as support<\/b> (a floor preventing further falls) or resistance<\/b> (a ceiling preventing further rises), these levels are where supply and demand typically battle it out. Understanding them is fundamental, as they offer traders powerful insights into potential price reversals, continuations, and strategic points for entering or exiting trades.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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      \u00a0 \u00a0 \u00a0 5. \u201cThe Story of Daily, Weekly, Monthly<\/strong>\u201d<\/strong><\/h3>

      In the dynamic world of financial trading, key levels<\/b> are the unsung heroes of technical analysis. Think of them as crucial lines in the sand on a price chart \u2013 specific price points where an asset’s value has historically shown significant reaction. Whether acting as support<\/b> (a floor preventing further falls) or resistance<\/b> (a ceiling preventing further rises), these levels are where supply and demand typically battle it out. Understanding them is fundamental, as they offer traders powerful insights into potential price reversals, continuations, and strategic points for entering or exiting trades.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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      Sammanfattning\/Conclution <\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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      Taking trades solely on a daily, weekly, or monthly basis<\/b> refers to a trading strategy where analysis and trade decisions are primarily based on these higher timeframes, rather than on intraday charts (like 1-hour, 15-minute, or 5-minute charts). This approach defines a specific style of trading often associated with swing trading or position trading, as opposed to day trading or scalping.<\/p>

      Here’s a breakdown of what this means and its implications:<\/p>

      What it Means:<\/h3>

      • Daily Chart (D1):<\/b> Each candlestick represents one full day of price action. Trades are typically held for several days to a few weeks.<\/p><\/li>

      • Weekly Chart (W1):<\/b> Each candlestick represents one full week of price action. Trades can be held for several weeks to a few months.<\/p><\/li>

      • Monthly Chart (MN1):<\/b> Each candlestick represents one full month of price action. Trades are often held for several months to a year or more.<\/p><\/li><\/ul>

        Trade entries, exits, stop-loss placements, and profit targets are determined by the analysis of these specific timeframes. While lower timeframes might be used for fine-tuning entries after a setup is confirmed on a higher timeframe, the primary decision-making process is rooted in the larger time scale.<\/p>

        Key Benefits of Trading on Higher Timeframes:<\/h3>

        1. Reduced Market Noise and False Signals:<\/b> Higher timeframes filter out much of the random, short-term price fluctuations and “noise” seen on lower timeframes. This means fewer false breakouts, fewer whipsaws, and more reliable candlestick patterns and trend signals.<\/p><\/li>

        2. Clearer Trends:<\/b> Trends are generally more established and easier to identify on daily, weekly, or monthly charts. They tend to be more robust and sustainable.<\/p><\/li>

        3. Less Emotional Stress:<\/b> Since trades are not monitored minute-by-minute, the emotional toll of constant price fluctuations is significantly reduced. This leads to calmer decision-making and fewer impulsive actions.<\/p><\/li>

        4. Lower Transaction Costs (Relatively):<\/b> Fewer trades mean fewer commissions and spreads paid over time, which can contribute to overall profitability.<\/p><\/li>

        5. More Time for Analysis and Life:<\/b> This approach doesn’t require constant screen time. Traders can analyze charts once a day (after the daily close), once a week (over the weekend), or once a month, allowing for more time for other commitments, work, or personal life.<\/p><\/li>

        6. Larger Profit Potential Per Trade:<\/b> While opportunities are fewer, the trades taken on higher timeframes often aim for larger price movements, leading to greater profit potential per individual trade if successful.<\/p><\/li><\/ol>

          Considerations:<\/h3>

          • Fewer Trading Opportunities:<\/b> By being more selective and filtering out lower timeframe noise, you will naturally have fewer setups that meet your criteria compared to day trading.<\/p><\/li>

          • Wider Stop-Losses:<\/b> To accommodate the larger price swings and give trades room to breathe on higher timeframes, stop-losses will generally be wider in terms of absolute price points. This means the dollar amount<\/i> risked per trade might be higher, though the percentage<\/i> of your account risked should always remain small and consistent (e.g., 1-2% per trade).<\/p><\/li>

          • Longer Holding Periods:<\/b> Trades can last for days, weeks, or even months, requiring patience and the ability to manage open positions for extended periods.<\/p><\/li><\/ul>

            For many traders, especially those who cannot dedicate full-time hours to the market or who prefer a less stressful approach, focusing solely on daily, weekly, or monthly timeframes offers a more sustainable and potentially more profitable trading career.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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            Alright, my calm, collected market strategists! We’ve discussed why trading on the daily, weekly, or monthly charts is a smart move in a serious tone. But let’s be honest, the real<\/i> reason we do it is because it turns us into the market’s equivalent of a Zen Master on a Permanent Siesta!<\/b><\/p>

            Daily, Weekly, Monthly Trading: Because Life’s Too Short for Minute-by-Minute Meltdowns!<\/h2>

            You see, there are two kinds of traders out there:<\/p>

            • The “Minute-Chart Squirrels”:<\/b> These poor souls are glued to their screens, frantically chasing every twitch on the 1-minute chart. Their eyes are red, their fingers are cramped, and their nerves are frayed. They jump in, jump out, get whipsawed by every rogue pixel, and essentially live in a constant state of mild panic. Their trading life is like trying to enjoy a quiet coffee at a bustling Barcelona market while simultaneously catching every single crumb that falls from every single table. Exhausting!<\/p><\/li>

            • The “Higher-Timeframe Siesta Lovers” (That’s Us!):<\/b> We, on the other hand, operate on a different plane of existence. We sip our espresso (or imaginary pi\u00f1a colada), glance at the daily chart when it closes, maybe check the weekly on a Sunday, and then proceed to enjoy our lives! We’re not chasing crumbs; we’re waiting for the entire paella<\/i> to be served.<\/p><\/li><\/ul>

              Why We’re Trading on “Island Time” (And Why It’s Glorious!):<\/h3>

              1. Filters Out the Market’s Annoying Drunk Uncle:<\/b> On the lower timeframes, the market is full of “noise” \u2013 random, erratic movements that mean absolutely nothing in the grand scheme of things. Trading daily\/weekly\/monthly is like putting on noise-canceling headphones. We ignore the market’s constant, pointless chatter and listen only to its grand, sweeping pronouncements. No more trading based on a squirrel sneezing near the exchange!<\/p><\/li>

              2. The Trends Are So Clear, They’re Wearing Neon Signs:<\/b> On higher timeframes, the market’s true direction becomes undeniable. You can practically see the trend stretching out before you like a perfectly paved highway, not a bumpy, winding goat path. It’s like checking the long-range weather forecast for your vacation instead of panicking about every single cloud.<\/p><\/li>

              3. Our Stress Levels Are Lower Than a Limbo Dancer in a Trench:<\/b> Since we’re not tied to the screen like a medieval prisoner, we experience vastly less stress. We don’t care if the price wiggles a bit in the middle of the day. Our trades are based on the confirmed story<\/i> at the end of the day or week. More time for tapas, less time for therapy!<\/p><\/li>

              4. We’re Fishing for Whales, Not Minnows:<\/b> Yes, there are fewer “setups” on higher timeframes. But when they come, they’re often for much bigger moves. Why catch a hundred tiny fish when you can patiently wait for one glorious, profit-laden whale? Our trades aim for big swings, not little jiggles.<\/p><\/li>

              5. We Actually Have a Life (Gasp!):<\/b> This is perhaps the biggest perk. Day traders often are<\/i> their trading. We, the higher-timeframe elite, can analyze our charts, set our orders, and then go enjoy a leisurely stroll along the beach, knowing our strategy is playing out on its own schedule.<\/p><\/li><\/ol>

                So, while the minute-chart squirrels are having heart palpitations over every tick, we’re here, calmly observing the market’s grand narrative. We trade on the daily, weekly, or monthly basis because it’s smarter, less stressful, and frankly, leaves us more time to perfect our sangria-making skills. Now, if you’ll excuse me, my daily candle just closed, and I think it’s time for a celebratory siesta!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

                Daily, Weekly or Monthly https:\/\/www.youtube.com\/watch?v=XHOmBV4js_E Is the current trend bullish or bearish? 2. Is the main trend bullish or bearish on selected timeframe? 3. Where is price now? where are the keylevels? 4. Are there any Price Action? 5. Are there any failed Price Action? 6. Is there evidence that the market is getting rid of buyers or sellers? \ud83d\udcb0\u201cThe Power of the Trends\u201d Quotes: “Let Price Tell the Story.” “Price Never Lies \u2013 Everything Else Might.” “Trade What You See, Not What You Think.” “Candles Speak Louder Than Indicators.” “The Truth is in the Candles.” \u00a0 \u00a0 The Golden Rule: Have a Plan Before You Enter! No matter which method you choose, the most crucial aspect of taking profit is to define your take-profit point before you enter the trade. This prevents emotional decisions and ensures you’re trading with discipline. It’s part of your “best setup” plan!       1. \u201cAdvantages of this Trading Edge?\u201d In the dynamic world of financial trading, key levels are the unsung heroes of technical analysis. Think of them as crucial lines in the sand on a price chart \u2013 specific price points where an asset’s value has historically shown significant reaction. Whether acting as support (a floor preventing further falls) or resistance (a ceiling preventing further rises), these levels are where supply and demand typically battle it out. Understanding them is fundamental, as they offer traders powerful insights into potential price reversals, continuations, and strategic points for entering or exiting trades. \u00a0 \u00a0 \u00a01.\u00a0\u201cDaily Weekly or Monthly Reading\u201d In the dynamic world of financial trading, key levels are the unsung heroes of technical analysis. Think of them as crucial lines in the sand on a price chart \u2013 specific price points where an asset’s value has historically shown significant reaction. Whether acting as support (a floor preventing further falls) or resistance (a ceiling preventing further rises), these levels are where supply and demand typically battle it out. Understanding them is fundamental, as they offer traders powerful insights into potential price reversals, continuations, and strategic points for entering or exiting trades. \u00a0 \u00a02.\u201cDaily, Weekly Monthly Vs. DayTrading Charts\u201d In the dynamic world of financial trading, key levels are the unsung heroes of technical analysis. Think of them as crucial lines in the sand on a price chart \u2013 specific price points where an asset’s value has historically shown significant reaction. Whether acting as support (a floor preventing further falls) or resistance (a ceiling preventing further rises), these levels are where supply and demand typically battle it out. Understanding them is fundamental, as they offer traders powerful insights into potential price reversals, continuations, and strategic points for entering or exiting trades. \u00a0 \u00a0 \u00a0 5. \u201cVideos: Daily, Weekly, Monthly in Action\u201d In the dynamic world of financial trading, key levels are the unsung heroes of technical analysis. Think of them as crucial lines in the sand on a price chart \u2013 specific price points where an asset’s value has historically shown significant reaction. Whether acting as support (a floor preventing further falls) or resistance (a ceiling preventing further rises), these levels are where supply and demand typically battle it out. Understanding them is fundamental, as they offer traders powerful insights into potential price reversals, continuations, and strategic points for entering or exiting trades. \u00a0 \u00a0 \u00a0 5. \u201cThe Story of Daily, Weekly, Monthly\u201d In the dynamic world of financial trading, key levels are the unsung heroes of technical analysis. Think of them as crucial lines in the sand on a price chart \u2013 specific price points where an asset’s value has historically shown significant reaction. Whether acting as support (a floor preventing further falls) or resistance (a ceiling preventing further rises), these levels are where supply and demand typically battle it out. Understanding them is fundamental, as they offer traders powerful insights into potential price reversals, continuations, and strategic points for entering or exiting trades. Sammanfattning\/Conclution Taking trades solely on a daily, weekly, or monthly basis refers to a trading strategy where analysis and trade decisions are primarily based on these higher timeframes, rather than on intraday charts (like 1-hour, 15-minute, or 5-minute charts). This approach defines a specific style of trading often associated with swing trading or position trading, as opposed to day trading or scalping. Here’s a breakdown of what this means and its implications: What it Means: Daily Chart (D1): Each candlestick represents one full day of price action. Trades are typically held for several days to a few weeks. Weekly Chart (W1): Each candlestick represents one full week of price action. Trades can be held for several weeks to a few months. Monthly Chart (MN1): Each candlestick represents one full month of price action. Trades are often held for several months to a year or more. Trade entries, exits, stop-loss placements, and profit targets are determined by the analysis of these specific timeframes. While lower timeframes might be used for fine-tuning entries after a setup is confirmed on a higher timeframe, the primary decision-making process is rooted in the larger time scale. Key Benefits of Trading on Higher Timeframes: Reduced Market Noise and False Signals: Higher timeframes filter out much of the random, short-term price fluctuations and “noise” seen on lower timeframes. This means fewer false breakouts, fewer whipsaws, and more reliable candlestick patterns and trend signals. Clearer Trends: Trends are generally more established and easier to identify on daily, weekly, or monthly charts. They tend to be more robust and sustainable. Less Emotional Stress: Since trades are not monitored minute-by-minute, the emotional toll of constant price fluctuations is significantly reduced. This leads to calmer decision-making and fewer impulsive actions. Lower Transaction Costs (Relatively): Fewer trades mean fewer commissions and spreads paid over time, which can contribute to overall profitability. More Time for Analysis and Life: This approach doesn’t require constant screen time. 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Is the main trend bullish or bearish on selected timeframe? 3. Where is price now? where are the keylevels? 4. Are there any Price Action? 5. Are there any failed Price Action? 6. Is there evidence that the market is getting rid…","rttpg_featured_image_url":null,"rttpg_author":{"display_name":"gabbe112","author_link":"https:\/\/trading-edge.live\/index.php\/author\/gabbe112\/"},"rttpg_comment":0,"rttpg_category":null,"rttpg_excerpt":"Daily, Weekly or Monthly https:\/\/www.youtube.com\/watch?v=XHOmBV4js_E Is the current trend bullish or bearish? 2. Is the main trend bullish or bearish on selected timeframe? 3. Where is price now? where are the keylevels? 4. Are there any Price Action? 5. Are there any failed Price Action? 6. 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