How to Trade Forex Long‑Term — Step by Step

This page reads like a trading journal. It explains how to build high‑conviction long‑term positions with calm, structure, and patience.

1) Monthly / Weekly First — The Map

Open the Weekly (W) chart. Ignore the noise. Mark historical support and resistance — one to three levels per side, no more. These zones have proven memory and will anchor your plan for months ahead.

Add a long moving average if you like (e.g., 200‑period). You are not trying to predict; you are defining the playing field.

2) Daily (D1) — Look for a Reversal Pattern

Switch to D1. Inside those weekly zones, wait for a clear pattern to form over the last 10–25 candles: double bottom/top, inverse or classic head‑and‑shoulders, rounded base, wedge.

Draw the neckline or key trigger level. Note the invalidation level (the point that proves you wrong). Be patient: long‑term trades begin with acceptance of time.

3) H4 — Structure Confirmation

Drop to H4 only to confirm structure. For a long idea, wait for at least 3 higher highs and 3 higher lows. For a short idea, at least 3 lower highs and 3 lower lows.

If H4 does not confirm, do nothing. The best long‑term trades let you in without forcing it.

4) Entry, Risk, and Scale‑In Logic

Entry often sits above the D1 trigger (neckline or breakout level). Place the stop loss below the D1 structure (not a random number). Keep risk per idea modest.

Consider scaling in: one unit on breakout, another on the first clean D1 pullback that holds higher lows (or lower highs for shorts). Long‑term edges grow with time, not size on day one.

5) Targets and Management

Target 1: the next weekly level. Target 2: the following weekly level or a measured move of the D1 pattern.

Trail prudently on D1 or H4 swing points. If momentum stalls at a weekly zone, reduce exposure and let the market prove continuation before adding again.

6) Execution Rhythm

Run this workflow on a schedule, not on emotion:

Long‑term trading is the art of waiting until all lights are green at the same time.

7) Journal the Idea

Write it down. Zone, pattern, trigger, invalidation, risk, targets. Add a short note on macro or session context if relevant. A month later, you will thank yourself for the clarity.

Tip: If no D1 pattern is forming at a weekly level, do nothing. The edge is location + structure + confirmation. Missing a trade is cheaper than forcing one.