Analyzing market direction is not easy, and that takes effort. New! > Leading Arrow: This is the way how to simplify it.
Hello traders,
greetings.
Although there are 3 market directions: up, down
and sideways,
-- but in practice it is not that easy to take decisions in the
current direction.
Before getting into the topic on Leading Arrow
here's
what we should know first.
Traders who are experts and experienced in the market will certainly be easier to read and analyze charts.
They will
continue to consistently work according to
market work principle is :
- prepare a buy position at support, and
- prepare a sell position at resistance.
"prepare" means pending orders.
--
That is why Trading Software always provides
buy-limit, sell-limit functions.
"prepare" is also meant to wait for the market direction through major currency strength
and
market sentiment when there will be economic news
announcements and speeches.
Here is a few steps of how experts analyze the market.
- EURUSD: THIS IS HOW YOU CAN DETERMINE STRONG SUPPORT AS THE RIGHT PRICE FOR BUYING POSITION.
https://www.mql5.com/en/blogs/post/725203 - EURUSD: THIS IS HOW STRONG RESISTANCE CAN AFFECT SELLING EURUSD EVEN ON
DOVISH FOMC
https://www.mql5.com/en/blogs/post/725466 - TRADE PLAN - EURUSD : WHICH STAGE WOULD WE FIND TRADES OPPORTUNITY THIS WEEK - REVEAL KEY
BREAKOUT AND STRONG SUPPORT
https://www.mql5.com/en/blogs/post/722511 - NEXT REVERSALS OPPORTUNITY ON CADJPY
https://www.mql5.com/en/blogs/post/726353 - TECHNIQUE : MAJOR CURRENCY STRENGTH
https://www.mql5.com/en/blogs/post/723415 - HOW TO TAKE AN OPPORTUNITY ON STRONG BREAKOUT ALERT.
https://www.mql5.com/en/blogs/post/723155 - HERE IS THE RIGHT TIME FOR SHORT-TERM TRADES (SCALPING) CAN BEGIN.
https://www.mql5.com/en/blogs/post/726682 - HERE IS THE BEST MOMENTUM WE CAN EXPECT : TRUE BREAKOUTS
https://www.mql5.com/en/blogs/post/726752 - HOW STUDENTS CAN PRACTICE
https://www.mql5.com/en/blogs/post/725663 - and so on we can read here.
But what about beginners and experts
who are tired of working hard to analyze the market
-- or even now
they
don't have enough time for it?
It's time for Leading Arrow technical indicator will support them.
Leading Arrow
It is a leading indicator.
- 100% not repaint, and not lagging.
In response to many people's requests for the need for indicators that appear simple,
and just presented as arrows in
the analysis of market direction.
- This indicator is in no way using the old-fashioned method as a known in technical based on moving averages, etc.
- Even though it's very complicated in programming but the result is just simply summarized in the form of arrows.
This is provided for traders who understand the importance of price action in a direction,
-- without wasting much
time in analyzing the market,
-- which is simply summarized in the form of arrows.
Trader can use Leading Arrow in
any time frame, but period H1 is highly recommended
or slightly lower for example M30.
A. How to use Leading Arrow.
The best use is when the
market enters busy hours,
-- for example when
the central bank announces news and
economic policies,
--
speeches from parties who have
influence on the market, etc.
- Buy
Simply waiting for the arrows to appear as a buy sign in the last candle,
or without having to wait in front of a computer is just wait until receiving a notification on smartphone then check the chart.
-- Opening buy position is the moment when a new candle has just appeared. - Sell
In general it is the same like a buy momentum as written above,
which is only by waiting for the arrow notification to come as a sign of selling. - Target, stop-profit and stop-loss
Please use any support and resistance (SR) techniques.
The indicator has also provided classic SR (optional)
as an additional confirmation for your own SR Strategy.
B. Screenshots
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wish you all the best in 2020
