Earn up to
$50000
for inviting friends
to get StartUp Bonus
from InstaForex
No investments required!
GET BONUS
55%
from InstaForex
on every deposit
Reply to thread
Results 1 to 6 of 6

Thread: Everything You Know About Forex Trend Trading

  1. #1 Collapse Post
    Will work for pips
    I am:
     
    Xenalu is on a distinguished road Xenalu's Avatar
    Posts
    76
    Accumulated bonus
    380 USD (What is this?)
    Thanks
    11
    Thanked 176 Times in 66 Posts
    SubscribeSubscribe
    Subsribed 0

    Lightbulb This post is sponsored by a content payout program available to anyone to participate. Everything You Know About Forex Trend Trading

    What’s the trend?

    The pattern trading is a trading type, which aims to benefit in a specific direction by evaluating the dynamic of the asset. If the price moves up or down in a particular general direction, it is referred to as a trend. When security is upward, pattern traders enter into a long role. Higher swing lower and higher swing high describe a propensity. If a trend is lower, trend traders can decide to enter a short position. The lower swing lower and lower panes are indicative of a downward trend.

    Trend Trading Comprehension

    Trend betting methods presume that a defense can keep going in the same way it is now heading. Such strategies frequently contain a provision for profit or a stop-loss to contain a profit or prevent major losses when a reverse trend happens. The short , medium and long-term traders use pattern investing. Price action traders look at a chart’s price moves. In order to raise costs, they would prefer to see the market climb above recent peaks which should be beyond the past price declines as price rises. This indicates that, though the market rises and falls, the ultimate trend is up. The same definition is seen in downstream patterns where traders see how the price is better and better overall. If this is no longer the trend is in doubt or over, the trend investor won’t want to keep a shorter spot anymore.

    Strategies for Pattern Trading

    There are several pattern trading techniques, each of which uses numerous metrics and methods of market activity. A stop loss should be used to mitigate risk for both techniques. For an upward trend, the stop loss is either below or below a swing low occurring before entry. A stop failure is always only above a previous swing or above another resistance stage in the downstream and a shorter position.

    Moveable Averages: both methods entail long-range crossings over a fast-running average or a short-run location where a fast moving average crossings under a longer-running moving average. Any traders might otherwise be watching for a long position when the market crosses above a changing average or a market crossing below the average for a short position symbol. Average movement techniques are usually mixed to screen out signals with some other technical research. This could mean looking at price indicators to assess the trend since moving averages offer very weak signs where there is no trend; the price simply whips over and over the moving average. For analysis moveable averages are also used. If the price is higher than a moving average, it tends to display a pattern. It helps show that a downward trend will arise when the price is below the changing average.

    Indicators of momentum: There are many indicators and methods of momentum. In terms of pattern trading, one example might involve searching for a pattern and use the RSI to signalize inputs and outputs. For instance, a trader could wait until the RSI falls below 30 and then rises above it. This could suggest a long place, given the overall pattern remains unchanged. The display reveals that prices have retreated but are now beginning to grow again in accordance with the overall upward trend. If the RSI increases above 70 or 80 and then falls below the chosen amount the trader will likely quit.

    Trends & Chart patterns: A trend line is a line that is traced in an upward trend, or in a declining trend around swinging highs. It suggests a potential region in which the price will pull down. Any traders prefer to purchase in an upward market as the stock returns to a growing trend and recovers further. Similarly, some traders choose to shorten the pattern as the price goes up and then declines. Trend traders will also look at trends in charts, such as flags or triangles, to demonstrate that a trend will persist. For example, if the market is actively rising then a flag or triangle is formed, a trend trader watches that the market breaks out of the pattern to sign the rise. Traders also hunt for pattern trading opportunities by the combination of these techniques. A trader could aim for a breach through a resistance level to suggest a higher jump, but enter a trade only if the price reaches a certain shifting average.

    Example of the pattern map

    The following graphic by the Alibaba Community (BABA) explains how trends and certain examples of future trades using charts and trends can be examined. The following chart shows:



    The price is starting to fall. And the price increases into the downward trend and over the moving average. That does not mean, though, that the trend is up. Usually, trend traders expect the price to swing higher and lower before they accept the trend. The price continues to rise and the latest trend has been confirmed. The price is inverted and then the first trend of the charts continues to climb again. The price is smaller than the diagram which suggests a likely long distance. The upward trajectory persists with two other trends of charts along the way. Both offered the opportunity to enter or add an existing position (called a pyramid).

    The price starts to climb, but then warns. The market sinks for the first time in a long time below the moving average, which also generates a smaller swing and a short-term upward trend. After that, the market rises again yet again dropping below the changing average. This is not a clear upward trend, and trend traders normally stop long walks during situations like that. They’d still like to leave the majority of their time. The cost still fluctuates around the average movement, with no clear direction for the trend. Lastly, price declines on a downward slope. Trend traders may have been long and stopped new ones and would potentially search for short spots.

    Cloud tags
    Trend investing is a trading strategy intended to benefit from patterns in which markets appear to rise or decrease when rates begin to decline again.
    • A upstream pattern is a number of higher ups and lower ups. A downward pattern is a set of low and lower swing heights.
    • Aside from looking at peaks and lows, pattern traders use other devices such as trend lines, changing averages and technical metrics to define the trajectory of movements and to provide future trading signals.
    • To determinate trend directions and when they will change, traders use both market action and other technical resources.

    A successful forex trading framework all its elements. Next, we agreed it was a swing trading system that we would exchange on a regular diagram. We would use quick moving averages then to enable us as quickly as possible to detect a new pattern. The Stochastic allows us to decide if it’s still OK for us to reach a market after a moving average crossover. The RSI is an external instrument for verifying that we are evaluating the frequency of our pattern. After we have established our market setup, our risks for and trade are then calculated. We are ready to gamble 100 pipes for each exchange with this device. The higher the time span the higher you are able to gamble, so your returns are usually higher than by trading within a smaller time frame. First, our entrance and exit rules are well established. At this stage, we ‘d start the test process with manual backtests.

    Buy EUR / USD for example

    An example of a long trading arrangement:



    If we looked around this table and looked back in time, it will be a nice time for us to move on long according to our framework guidelines. To backtest, you can write down the cost, the loss of your stop and the escape strategy you have joined. Then one candle will be shifted to see how the table evolves.
    You’d have made a few good pipes in this particular situation! After this trade, you might have bought yourself something nice!

    Sale EUR / USD, illustration
    Here is an example of the “So Simple It’s Absurd” method in a brief entry order.



    We can see that our conditions have been met, since the average crossover has moved, the Stochastic is downward and not even in oversold regions, and the RSI is less than 50. We’d be short at this stage. Now we’re recording our starting price, our stop loss and our exit strategy and moving the chart one candle ahead at a time. The pattern is very high, and the pair fell nearly 800 pipes before a crossover!


    How does the next theme have a market edge?

    Imagine this: Over the last 6 months, a corporation named Orange traded higher. Orange’s actually trading at $100 is overvalued, you say. With the benefit goal of $90, you agreed to shorten 1000 orange shares to $100, with no stop loss. This trade theory is applied to all trading markets. A limited benefit goal without a stop loss. What will happen, do you think? You won sometimes, but finally, before you blow up your trading account, there will be a trading that goes against you. Think first, what if I’m on the other side of your business? I’d fail sometimes, but all I need is one company, and more. This is the same company where you caused your account to blow up.

    Few real-life examples:
    • Long-term management of capital
    • Bear Stearn Destruction
    • The Fiscal crisis of 2008

    This led to the loss of tons of money for investors and traders. Yet everybody loses and everybody wins in a zero sum game. And pattern observers are the winner. That’s the edge of us.

    Tendency to follow trade policy

    The five secrets of Pattern Following have now been discovered. Let’s use the data and develop a trading strategy.

    The strategy must answer these 6 questions to develop a trend follow:
    1. What are you trading timeframes?
    2. What markets do you trade?
    3. What are the words of your company strategy?
    4. Where are you going to go?
    5. Where are you going to go if you’re wrong
    6. Where are you going to leave if you are correct?

    Maintain it with ease and trend

    As a retailer, you undoubtedly heard the old saying that “Trading with the pattern is best,” and that pattern is your mate, say all experts. As long as you know and can agree that the pattern can stop, this is a wise advice. Then it’s not your friend’s trend. But how do we assess the trend ‘s direction? We believe in the KISS law that states, ‘keep it easy, dumb!’ This is a way to calculate the trend and an easy way to predict the end of the trend. We would like to note the value of time frames to assess the pattern before we get started. Usually, the long-term duration dominates the shorter cycles as we evaluate long-term investment. The small time period could, however, be of greater use for intraday purposes. Three groups of types or divisions may be categorized into trade: indo-day dealing, swinging and the place dealing. For a long period like months and years, big business traders, such as corporations setting up manufacturing in a foreign world, may be involved in the fate of the capital. A weekly map can, however, be recognized as the “long-term” for speculators.

    Averages in pair movement


    We will then evaluate the long-term pattern for a speculative investor using a weekly chart as the initial guide. We will use two helpful methods to help us evaluate the pattern for that reason. The basic average moving and the exponential moving average are these two devices. In the above weekly map, the exponential blue 20-interval moving average is above the Red 55 simple moving average for the period from May 2006 to July 2008, and both are upward sloping. This suggests that the pattern reveals that the euro has risen and thus a dollar has declined. In August 2008, the short-term (blue) average in the chart below turned down, suggesting a possible pattern shift although this is not yet the long-term (red) average.

    Finding the Pattern Shift

    The 20-day average went through the 55-day average in October. Both of them were downhill then. The pattern has now turned to the downside, and short bets against the euro will prosper.

    p1.gif

    In view of Chart 2, we remember that in December 2008, the short-term changing average is comparatively flat and begins to turn up and now reveals a likely upside transition. However, a closer look at the average of 55 days, revealing that the average long-term transition remained slow by December 2008. When we check Chart 2, the first arrow left shows that the average of the long-term changes has decreased and shows that the pattern for the EUR / USD has either dipped weekly or longer-term. The second arrow illustrates that a new short position might have been taken if the price had been sold back to the downward sloping norm. The intention is to decide the course of the trend, not when to sell or withdraw. Naturally, it is not to suggest that in brief times such as the daily and hourly tables, there were no selling openings. However, one might predict the pattern to be revived and again to exchange with those traders who want to exchange with the pattern rather than selling the correction.

    Twin Bottom Predictor

    Switch to Chart 3 and see what happens when the typical 20-day exponential shift is down to a double board. Since a double bottom of a chart provides help at the bottom, the market action can be monitored everyday to give us a hint. The flow reveals where the typical movement is short. Again, moving averages are used only for trend-direction reasons rather than trading signals.

    Wave Grab

    In a weekly and regular map, it is possible to calculate the course of this pattern by setting a short exponentially moving average and a long-term simple moving average. Knowing the movement leads to positioning, but note that the stocks are going in waves. This waves are called waves of momentum because they are counter to trend in the direction of trends and corrective waves. By counting waves or swings with each wave you will try to determine whether a trading chance is counter to the norm. The Elliot wave theory states that the impulse wave consists normally of five swings. A correction wave consists generally of three swings. Five swings with two of the swings counter-trend consisted of a full wave shift.

    p2.gif

    The picture above shows an Elliot wave example. Due to the very subjective probability for Elliot wave theory, we prefer using a pivot count to aid me calculating the wave exhaustion. This generally corresponds to at least seven turns in the course of the trend, and then five turns in the course of a correction. The business often doesn’t agree with these strategies, but sometimes enough will deliver very profitable business opportunities. An example of a wave in action (blue arrows point to the direction) is shown below.

    p3.gif

    The Lower Line

    By integrating the average moving diagnosis with the pivot counts and then perfecting the interpretation with a candle trend observation, a trader will stack the chances of successfully doing business in his favour. Note that trade is a craft that means art and science, and requires the discipline of continuity and profitability.

    The Forex Trend Stages

    A trend is a tendency towards price movements over a period of time. Tendencies may be long, short, up , down, or even diagonal. Investors’ ability to identify tendencies and position themselves for profitable entry-and-exit points is a key to their success at forex market investments. This report looks at the phases of a predicted trend and how it impacts investors.

    Currency-related Global Patterns

    Mostly, a strong economy would have a strong currency as well. Investments have been attracted by economic strength and investment generates currency demand. Pressure for gold as an alternative to fiat currencies in certain gold-producing countries like Australia, South Africa and Canada also contributed to currency demand.

    Example of an Australian dollar pattern toward the United States Dollar

    Notice the economic conditions that generated demand for the Australian currency in this situation, and higher interest rates in Australia between 2009 and 2012. The market of that sort will continue to be unsustainable until the exchange rate impacts Australia’s exports adversely. Factors in other markets also should be taken into consideration, since there is no common currency in which the remaining global markets can be separated. The following chart demonstrates how the Australian dolar was upward against the U.S. dollar at the time in the weekly AUD / USD. Although the (exchange) price oscillated in the retrograde channel, giving a certain amount of short-term business in the opposite direction, the dominant upward trend remained unchanged.

    US American Currency vs. Canada currency dollar

    The following graph indicates that the Canadian dollar rose in 2009 to 2011 compared with the US dollar. Canada has a lot of natural resources and is also a commodity producing country. For the dollar map in Australia, the trend towards development is upward as the market for Australian dollars increases. As the Australian currency is the core currency and the US dollars are the quota currency, the chart reveals that the Australian dollar is rising slowly and strengthening. In the other hand, the US dollar is the basic currency for the Canadian dollar, while the quota currency is Canadian dollar. The table reveals that the U.S. dollar is slipping behind the Canadian dollar as it was weakened. The pattern is your friend, the traditional information amongst traders says. While this is good advice, we add a cautionary word. The phenomenon is your friend, before it stops.

    Trends Vs. Scope

    Naturally, the difficult questions are whether or not a pattern occurs on both sides and where and where the pattern begins and whether and when it finishes. We explore firstly where a movement might begin and, once began, where to engage in the action. We require technical analysis to address these concerns. We construct a map using a weekly calendar by using only two metrics to make our study as straightforward as possible. A basic 20-period average moving calculated on closing prices is the first predictor. To add a cushion, though, we have added an average of 20 times, except this time it is measured at high rates. Then we can incorporate another quick 20-period average step measured for the lower price. This results in a moveable average channel, representing a complex price mix.

    We use this channel to assess if prices are up and if prices are down. We assume that if the prices fall below the channel, the downward trend is possible, but there is a potential upward trend if the prices fall above the channel. Further, if consumer dynamics are one way, rates begin to move away from the channel and return to the channel, respectively as the uncertainty rises and decreases. Prices tend to return to the average over time with uncertainty. This reversal gives either the option of purchasing or selling according to the pattern. Besides shifting averages, we also add an RSI range for a two time, with plot guides being range to 90 and 10 instead of the normal 70 and 30 instead of the regular 14 time.

    Review of Trend pattern signals – free signals might be your capital

    Ultimate pattern signs can be helpful, but you need to properly use them. This method has many markers and you can get a strong signal on your charts when they are in convergence. I ‘d say that this is both an indicator and a technique, but let’s get to business and see how it works and how this instrument can support you.

    Final Signs of Pattern – How is it?

    Three metrics are used to measure a possible signal by the final pattern signal or “UTS”: MACD, RSI and Moving Average. The data from these metrics is seen in the left panel in your maps with various time frames. For starters, if any time frame is in a stirring convergence, the panel gives you a strong bullish signal written in green text. The alarm is that a combination of one or two time periods may also be used to signal a bullish pattern, while other occasions are bizarre. The real signals are shown in a red or blue dot on the candlestick itself where red are for bearish (down) and red for bullish (up) signs. A pivot (average resistor / support area) and an open regular level are immediately taken by the ultimate pattern signals in order to better perceive the price path. You can use it from M1 to Regular in any time span, but the lower cycles such as M1, M5, and M15 simply have a larger number of signals than H4 and Normal.



    Usage of CFD, FX, Crypto and BO in Willy-nilly.
    You ought to remember how to do it now, because you remember how it operates. The Novice path and the Advanced path are two forms. Start with the amateur, the way I call it, “Willy-Nilly.” In theory, you get a dot and swap-buy the pair, asset or coin you trad when you see a blue mark and when you see a red dot sell the asset. With regard to avoid loses and profit – don’t worry, just shut the company until there is another point to it. If you open a Sell, the next dot will be blue, and you will close the trade whether you are profiting or losing. The dot will be blue, blue or red. When selling BO, red is blue and blue is blue. What’s the expiry? Oh, the expiry has already been badly determined since I explain the amateur way. Regardless of the time period you choose, use the same expiry amount. Yeah, I told you to do this at your own risk, easy amateur way.


    CFD, FX, Crypto and BO are advanced ways to use UTS
    This approach is better for people with at least some specific technological characteristics, so let’s make those guidelines for you. 1) don’t trade against the pattern, for instance. 2) Map a 50 EMA and do not buy and call bullish trades while the market is below the market, and don’t take bearish trades (sales and coups). 3) Draw lines of opposition and support. 4) Tendencies to draw. 4) 5) By using the UTS, ensure at least a signal in the desired direction on the panel is provided by M1, M5 and M15. 6) Beware of the opening of the regular and the UTS pivot line – which section of the line is trading you, up or down? 7) In the case of BO, utilizing expiries associated with the market dependent on past market trends, instead of hazardously choosing expiries. Use the right stop loss positioning when dealing FX, CFD or Crypto and don’t take advantage too gulls. Alright, here below is an excellent example of how to properly use the UTS and get victorious signals – for this picture I used the M15.



    The image above is the same timeframe and diagram as the first image. I was using a changing average of 50 here and the price is higher than and above my trend. The price is stronger than the pivot and upward trend. We got a blue dot – so a bullish trade was signposted. If I were trading FX, CFD or Crypto, I would have used 1:2 RR for profit and a close stop loss just behind the tendency and pivot line. For BO I will use an expiration of 30 minutes based on the trends of the previous table.

    Why does tactic and technique suck signal the final trend?

    It’s not sucking. Why does this happen? It collects data via MACD, RSI, and Moving Averages, but also offers pricing measures like pivot level and daily support or resistance. It is also up to the consumer to use the willy-nilly solution and not his own head.

    Why does Plan & Method not Steal the Last Pattern Signals?

    You can give the prices more importance as a successful trader and use the Greatest Pattern Signals tool for validation. It would not suck at all if you have a simple experience and realize that this is not a scheme of Holy Grail. So first do your homework and study some graphic templates and graphic techniques rather than monitor a gage fully. You will perform faster in this manner.

    Last Pattern Signs – It’s not free to believe!

    Honestly, it’s not free, I can’t believe, because I think it’s the best free signal tool I’ve ever seen. I saw full waste and unambiguous scam robots and indicators that cost the money of the blood and that is free! Naturally, free isn’t always healthy, but this tool can be a killer tactic and also make you money by using some simple research as mentioned above. You should know I do not want arrows and indicators that tell me what to do individually, so I will give it a thumb. It’s also not dirty, the panel at the left and the two horizontal lines is all you have to have, which makes it tidy enough to examine the diagrams. This is it, now there is only one way for you to explore whether or not this is nice – test it on a demo. Using the rules that I have recommended to develop more and not just hop on any dot! Good luck.

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  2. Thanks under the first post will be ignored for the purpose of distribution of prizes
  3. #2 Collapse Post
    Forex in the blood
    I am:
     
    Ayanullah has a spectacular aura about Ayanullah has a spectacular aura about Ayanullah's Avatar
    Posts
    303
    Accumulated bonus
    7 USD (What is this?)
    Thanks
    1,573
    Thanked 176 Times in 110 Posts
    SubscribeSubscribe
    Subsribed 1

    Default This post is sponsored by a content payout program available to anyone to participate. Good Data analysis

    Great dear sir. Dear sir you have shared great analysis with us.
    Hello MT5 Forum Members.
    Always remember that " Good learning Leeds you to good earning".
    Thank You so Much.


  4. #3 Collapse Post
    FX Super Hero
    I am:
    ----
     
    thelaw1 is a splendid one to behold thelaw1 is a splendid one to behold thelaw1 is a splendid one to behold thelaw1 is a splendid one to behold thelaw1 is a splendid one to behold thelaw1 is a splendid one to behold thelaw1's Avatar
    Posts
    1,435
    Accumulated bonus
    824 USD (What is this?)
    Thanks
    1,990
    Thanked 785 Times in 524 Posts
    SubscribeSubscribe
    Subsribed 0

    Default This post is sponsored by a content payout program available to anyone to participate.

    DETERMINATION OF MARKET TRENDS.

    Analysing the trends of market in financial world, forex trading to be precise, is incomplete without knowing about the different charts that are available for trade. There are basically three types of charts in technical analysis and they are; bar chart, line chart and candlestick chart. For the better understanding of what market trends mean and the types that are available, of the three, let us analyse the candlestick chart.

    Candlesticks.

    There are two types of candlesticks that are generally and globally recognised and they are the Black and White. There are those of other colours performing the same functions of buy and sell in the market. However, the Black candles perform the action of buy while the White performs the action of sell in the market. That actions being studied in technical analysis of the platform of trading are interwoven, this study will not complete if we left behind the analysis of currency pairs.

    Currency Pairs.

    It is not given to just a currency to stand alone and trade itself in the global market. It has to pair with another currency for buying and selling to take place and because of that, the following currency pairs are the foremost in forex trading; EUR/USD, GBP/USD, USD/CHF, AUD/USD, NZD/USD, USD/CAD. These are called forex Majors. That they are fused in pairs and the currency to the left of the slash is called the Base currency while that to the right is called the Quote or Counter currency.
    The Base currency forms the Black candles on the Timeframe and performs the action of Buy in the market. In addition, the Quote currency forms the White candles on the Timeframe and it performs the action of Sell in the market. For instance, in EUR/USD, the EUR forms the black candles while the USD forms the white.

    NOTE: A group of candlesticks, both black and white, makes up a trend in the market and there are two types of trends that are available; Uptrend and Downtrend.
    It is an uptrend when the base currency of a pair is in action against the counter or quote currency. An uptrend goes up and on performing that action, it is being referred to as 'Bullish.' In the world of finances, the beast used in identifying it is a 'Bull.' Conversely, it is a downtrend when the counter currency of a pair is in action against the base currency and a downtrend falls. The trend is referred to as 'Bearish' when on falling and the beast that is used in identifying the trend is a 'Bear.'
    The exception of the said flat trend comes into play when a prolong trend is about to make a U-turn or otherwise and that is credited to either the base or counter currency that has been in action. For instance, when viewed on the MN Timeframe, the trend of the CHF is seen flat against the USD since the year 2011 till date. That the trend is trading sideways means that the CHF is still bullish against the USD. The same applies if it is the USD that has been in action against the CHF.

    Screenshot_2.png

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  5. #4 Collapse Post
    I just can't quit pips!
    I am:
     
    Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble has a reputation beyond repute Yusfunoble's Avatar
    Posts
    4,838
    Accumulated bonus
    3520 USD (What is this?)
    Thanks
    3,729
    Thanked 4,230 Times in 2,372 Posts
    SubscribeSubscribe
    Subsribed 2

    Default This post is sponsored by a content payout program available to anyone to participate.

    Check the link below for my recent post on trend.

    https://forum.mt5.com/showthread.php...1#post15088684

    Why is the trend your friend in forex trading?

    For most of the time, this is correct because this expression has been around for long. Forex trend lines are often used by a lot of traders because it’s efficient and easy to use. However nothing is absolute in the forex market, as there are times the market won’t respect the trend.

    Because of the unpredictable nature of the market, we must improvise and learn how to trade even when the market is not perfect. Trend trading is basically a way to make up for the strategy imperfections by being able to spot the best trends in the market.

    The strongest trend in a market is often strong enough to change the course of a trade (losing to a winning trade). In order to ascertain a trend, you can start by pulling a price chart on your fav currency pair between a hundred to two hundred candlesticks. Then determine the direction of the market.

    You should be able to see possible trade entries and where to get out. But the fact is no trend will continue forever. Thus, this trend going up will soon reverse and head down due to HH and HL or due to fundamental news. When that happens, the first thing you need to do is make sure you’re in downtrend by checking LH and LL.

    After that has been established, you can study and enter again. One thing you must not is that there's no textbook for how to confirm the Hs and Ls of any trend. Just go with the one you can see clearly. Don’t force it, if you’re not sure about what you’re seeing, just move to the next pair as there are several.

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  6. The Following User Says Thank You to Yusfunoble For This Useful Post:

    Kenehiz (10-28-2020)

  7. #5 Collapse Post
    MT5 Maniac
    I am:
     
    Kenehiz has a reputation beyond repute Kenehiz has a reputation beyond repute Kenehiz has a reputation beyond repute Kenehiz has a reputation beyond repute Kenehiz has a reputation beyond repute Kenehiz has a reputation beyond repute Kenehiz has a reputation beyond repute Kenehiz has a reputation beyond repute Kenehiz has a reputation beyond repute Kenehiz has a reputation beyond repute Kenehiz has a reputation beyond repute Kenehiz's Avatar
    Posts
    3,338
    Accumulated bonus
    1949 USD (What is this?)
    Thanks
    1,823
    Thanked 3,201 Times in 1,733 Posts
    SubscribeSubscribe
    Subsribed 1

    Default This post is sponsored by a content payout program available to anyone to participate.

    TREND TRADING.

    Trend trading is the oldest and most popular trading style used by traders. It is believed that you can never go wrong trading along with the trend. Someone may be wondering if this statement is true, why are so many traders losing money? The answer is simple, most times traders trade pullbacks and think it is a new trend and another reason is that many traders are not patient to wait to see their trade analysis play out as they have anticipated, the reason is not far-fetched, they over leveraged their account which enables them to use a very high lot size which always puts their account on red alert whenever market goes against them. Greed is another reason traders lose, if traders can just concentrate on few pips it will be a goodbye affair to losing. Taking steps to address these three points stated here will practically put traders on a winning lane.

    Strategies suitable for trend trading.
    The best approach to trend trading is to wait and allow the trend to form and find a comfortable position to join the trend. Traders often trap themselves by trying to enter a trade whenever a trend is forming. No trader can absolutely tell at what price or position a new trend will be forming, then it becomes wise to wait for trend to form then find comfortable position to enter a trade preferably from a lower time frame. Stochastic oscillator will be handy in this strategy to spot overbought and oversold position before entering a trade. In an uptrend, wait for an oversold position on the stochastic and enter a buy trade, while in a downtrend wait for an overbought position on the stochastic before opening a sell trade. Everything stated above can be described in one words, pullbacks. Always wait for a pull back before joining a trend.

    Though trading on financial markets entails high risk, still it can generate extra income on condition that you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


  8. #6 Collapse Post
    Forum Guru
    I am:
    ----
     
    hayzee19 has a reputation beyond repute hayzee19 has a reputation beyond repute hayzee19 has a reputation beyond repute hayzee19 has a reputation beyond repute hayzee19 has a reputation beyond repute hayzee19 has a reputation beyond repute hayzee19 has a reputation beyond repute hayzee19 has a reputation beyond repute hayzee19 has a reputation beyond repute hayzee19 has a reputation beyond repute hayzee19 has a reputation beyond repute hayzee19's Avatar
    Posts
    7,931
    Accumulated bonus
    2790 USD (What is this?)
    Thanks
    11,864
    Thanked 18,829 Times in 6,086 Posts
    SubscribeSubscribe
    Subsribed 1

    Default This post is sponsored by a content payout program available to anyone to participate.

    What's market trend

    Before you engage yourself in the forex market it's mandatory that try to understand some various techniques of trading, and trend trading is one of the popular method of trading in the market.

    The market trend is one of the most talk about term in the forex market, because it's a very important aspect of trading, Infact every traders looks at the market trend before making a trading decisions.

    What is the meaning of a forex market trend?
    A forex market trend is a price behavior which indicators the overall price increase or decrease in an forex chart.

    The only place you can spot the direction of the market trend figuring it out on your chart, meanwhile there are various technical trading tools available to spot the market trend on the platform.

    Type of trend
    Bearish trend / downward trend
    Bearish trend is the continuous decline of the market price, on your chart you will see the price going down.

    Bullish trend
    This trend is the opposite of bearish trend, it's the continuous Increment of the price of an asset or currency pair, on the chart the you will the price continue upward movement over a chosen period of time (time frame)

    Sideways trend
    This is also called ranging market where the market price moves in a do range , either upward nor downward.


    Here are some indicators you can use to analyse the market trend
    (1) On Balance Volume (OBV)
    (2) Relative Strength Index (RSI)
    (3) Moving Average Convergence Divergence (MACD)
    (4) moving average

    Note
    In some cases the time frame you choose in the market will determine the trend, some times you may have a bearish market on the 15 minute time frame a bullish trend on 4hrs time frame.
    SAY NO TO RACISM, EVERY LIVES MATTER

    https://forum.mt5.com/showthread.php...rading-journal


Reply to thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts