Best method to identify trend in forex - page 3

Waseem Raza
10338
Waseem Raza  
Mohammad Ali:

Hi guys, I just start a trading discussion about what the best method to identify trend. We know there are three type of trend:

1. Up Trend     2. Down Trend     3. Sideway.

How we identify Trend?

 

Thanks in Advanced. 

If you thinking about future then no one indicator can tell all tells past, but charts are big indicator and open large time frames you can set an idea. A trend means Weekly to Monthly charts. 

Cross pairs always more predictable compare to major pairs. 
Marco vd Heijden
Moderator
13636
Marco vd Heijden  
EA-trader
651
EA-trader  

forex fundamentally does not trade regularly , it ranges 80 %  of the time , the money trend traders make is all lost in ranging markets.


80 % fail at  trend trading, bank traders kill the other 15 % little fish  of forex, with their order books edge.80 % of trend breakouts on forex fail , that is why forex factory has declining visitor numbers, and 80 % of vendors on forums.


All trend are visible in hindsight, you don't see the 80 % of the time they fail.There is enough evidence on the internet.


HOLY GRAIL:Best method to identify trend in forex // ALL TREND GURUS SELL EDUCATION , THEY DON'T TRADE.

Waseem Raza
10338
Waseem Raza  
EA-trader:

forex fundamentally does not trade regularly , it ranges 80 %  of the time , the money trend traders make is all lost in ranging markets.


80 % fail at  trend trading, bank traders kill the other 15 % little fish  of forex, with their order books edge.80 % of trend breakouts on forex fail , that is why forex factory has declining visitor numbers, and 80 % of vendors on forums.


All trend are visible in hindsight, you don't see the 80 % of the time they fail.There is enough evidence on the internet.


HOLY GRAIL:Best method to identify trend in forex // ALL TREND GURUS SELL EDUCATION , THEY DON'T TRADE.

The biggest reason of failure for Forex trader is when a broker says ok open account with 200 USD what is this and leverage 500 it can work?

always over 80% peoples will fail in future that's why few traders ready to catch their money, To start any type of trade there should be a specific minimum capital range and any capital can earn a limited amount like 3% monthly and this takes long time to turn into large capital. A simple trading the only basic trading and running with trends is a key point but having a trend takes time as waiting to start a new trade. 

if any trader start trading without leverage they mostly stays protected always and gains as annual results. Dreaming to doubling the capital in short time leaves worst results. Any Education like for Forex only tells basics and how to enter in this business, Education doesn't means how to become rich it's an individual real time decisions making business.

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EA-trader
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EA-trader  
EA-trader
651
EA-trader  

There are other ways of trading

support resistance/ grid/ range tradingfunntals/ hedge

EA-trader
651
EA-trader  

Here is a nice trend following system, showing how to identify trend in forex 


https://www.mql5.com/en/forum/179936#comment_7867941

StepMa Trend Follower
StepMa Trend Follower
  • 2010.01.18
  • www.mql5.com
Currency : Any Time frame: 1 HOUR Indicators: : StepMa (Kwatr settings changed to 2.0),Macd Dot (12,26,9),Zig Zag, Let's İmprove it...
[Deleted]  
Correlation.....
Sergey Golubev
Moderator
121790
Sergey Golubev  
Sergey Golubev:

There is the thread about it with some indicators and so on - Market Condition Evaluation :

1. Trend following

1.1. Primary trend
- Uptrend (bullish)
- Downtrend (bearish)

1.2. Secondary trend.
- Correction
- Bear Market Rally
- Flat (non-trading)
- Ranging 

2. Overbough/oversold ('top-and-bottom')

3. Breakout

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Gold is Reaching at 1270

Sergey Golubev, 2013.07.01 21:04

How can we know: correction, or bullish etc (in case of using indicator for example)?

well ... let's take AbsoluteStrength indicator from MT5 CodeBase.

bullish (Bull market) :

bearish (Bear market) :

ranging (choppy market - means: buy and sell on the same time) :


flat (sideways market - means: no buy and no sell) :

correction :

correction in a bear market (Bear Market Rally) :



Forum on trading, automated trading systems and testing trading strategies

Gold is Reaching at 1270

Sergey Golubev, 2013.07.01 21:43

red lines are for sell (sell lines), blue lines are for buy (buy lines). So, bullish (uptrend) and bearish (downtrend) are separated by color of the lines in this indicator. Buy is main blue line is above blue signal line and both are in uptrend. If "sell within no buy" - this is correction (opposite for rally). if "no buy" and "no sell" - this is flat.

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How to Start with Metatrader 5

Sergey Golubev, 2016.08.12 17:07

Indicator from the post above? Blue lines (signal line and the dotted line) are the bullish. The combination of those lines are providing the information about the primary trend (bullish only), and the secondary trend. Red lines (2 lines) are for bearish.

  • If blue signal line is below blue dotted line = no bullish.
  • If blue signal line is below blue dotted line, and red signal line is below red dotted line = flat (no bullish and no bearish).
  • If 2 blue lines are above 2 red lines, and blue signal line is above blue dotted line = bullish. Opposite for bearish.
  • If blue signal line is above blue dotted line, and red signal line is above red dotted line = ranging (bullish trend and bearish trend on the same time).
  • If red lines are below the blue lines and we see the bearish trend on red lines = correction (secondary correction within the primary bullish trend). Opposite for the secondary rally within the primary bearish trend.