Ahmed,
If you have read my earlier notes, I mainly work on the short-term, looking for every ripple, no matter its size. It cannot be done on a weekly chart, for obvious reasons - and this thread is mainly devoted to short-term trades, as many of us play options.
Mathematically, you are reducing valuable data by going to a weekly basis; therefore I believe it may also effect the accuracy. I have not researched it yet, but it could have merit to determine the longer term. Have you back tested it.
I am going for the 1-5 day move, you are going for the much longer term. Per my system, if you have seen my posts from early summer, my shhort-term analysis has been quite successful, per actually trades I am now 10 for 10(most of them have been posted on this thread), with an average return of now over 40%.
Seeya |
