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    Thread: What is confluence trading and how can we define them?

    1. #11
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      Confluence is the adjudication of many different parts or the synergies that many factors have in order to arrive at a common ground, this is a regular thing which happens whenever there is a good trend, if we look closely at the indicators that we are using, we will discover that before any strong move takes place in the charts, there were at least two things that gave us the signal of the volatility.

      If you have ever seen a good entry point after a particular thing happened in the Forex chart, it means there was a possibility that you could have as well traded it when it played out, but because you did not pay attention to the different confluence factors in your platform, the opportunity was missed. It is because of this concept that many forex traders embrace the use of many indicators, although there is disadvantages of this as well.


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    3. #12
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      Confluence Trading Means : The trading based on the combining between Multiple Strategies And Some Ideas In one Strategy So it is a very good way in the technical analysis When we use Different Indicators beside Some Strong levels Based on the support lines and Resistance Lines and Trend Lines Then Combining all these Tools Results Together To Find The possible opportunity or the Good Entry Point Before Opening any trade .

      So it is very good way in the trading based on the technical analysis and we also Can use it by :
      1- The combining between Two Strategies or more strategies .
      2- The combining between Some Indicators and Some Technical Tools .
      3- The Combining Between One strategy and adding the Other Important things that we see that we can add it From the other's strategies to our strategy For making one Complete Strategy .

      So There are More ways for the trading By that way and when we depends on For Example Stochastic Indicator beside Moving average Indicators and trend lines This Called Also Confluence Trading .


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      What is confluence trading and how can we define them?
      A confluence many definition but when it comes to the world world of trading, the term confluence refers to the intersection of two or more key levels or areas of value. A confluence zone can be made up of some of the following items:

      1, Historical support & resistance levels
      2. Monthly, weekly or daily highs and lows
      3. Fibonacci ratios
      4. Extended trend lines
      5. Top or bottom bands of equidistant channels
      6. Chart pattern
      when it comes to locating confluence and trading based o it, i think when we make use of higher time frame we have high probability of getting confluence with the use of trend-lines and support and resistant


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    6. #14
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      The word confluence is a term that connotes the agreement of two or more things saying that a thing is correct, there are different ways this can be traded in the forex market, there could be a combination of support and resistance with price action to act as a confluence, the confirmation that you get from this is regarded as a confluence type of trading.

      Many traders don't take advantage of this for their trading, some are even looking for the holy grail, these types of behaviour won't make you trade with the real confluence which is constantly taking place in the forex business, sometimes this can also be a way we engage with analysis paralysis, looking for confirmation from you many indicators can cause you to see less clearly, that itself could become a serious challenge.


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      Confluence trading means trading with combination of multiple strategies so that a single powerful one can be prepared .Its very beneficial to draw a perfect sketch of investors risk profile .Suppose when a trader combines multiple trading indicators to point out the perfect trend ,the process of this combination is called as confluence .
      The best thing been done of using its principle properly is by the Investment adviser where they actually combines several types of investment to make a perfect protfolio to abort the risk .

      We can also define this on another way as such trading occurs in a trading chart when support line meets the upper rising trendline or two fib levels meet each other or trendline coming to Fib level.So when we are talking about the Confluence trading price action we should consider some points as follows :-

      1. Trendline Confluence trading

      2.Support level Confluence trading

      3.Resistence level Confluence trading

      4.Fibonacci Level Confluence trading


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      Most froex trading strategies relies on the identification of authentic currency price trend in the forex market for successful performance. Sometimes the trend may turn out to be false, and leaves the trader high and dry after executing the trade, leading to loss. There is need to verify the authenticity of a trend by confirming it with other indicators.

      The confirmation of a set up with one or more other indicators is known as confluence of events. It is a way of improving the quality of the setup by providing another layer of security. Ensuring that there are confluence of events increases the probability of profitable trade when a set up for entry is identified on the forex market.
      POSSIBILITIES ARE INFINITE IN THE FOREX MARKET, YOU CAN ACCOMPLISH ANYTHING !


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      confluence trading has to do with a combination of several trading strategies and ideas into one complete trading strategy. the idea is that a confluence of trade signals could be instrumental to good accute predictions and eventual profitability. so when two or more factors come together at the same point on a chart, it has much greater effect.
      confluence factors could be support and resistance levels, moving averages, price action buy or sell signals and a strong trend.
      the forex trade could benefit from the power of confluence. areas of confluence could be gotten in the ares of psychological support and resistance, fibonacci ratios, trendlines. it could also be a confluence of two trading strategies.
      ''Too many times we settle into a set way of thinking and accept limitations that need not be placed on us'' -John C. Maxwell

      Hedging Edge: Heading For $6 Million!


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