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.
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.
There are other ways of trading
support resistance/ grid/ range tradingfunntals/ hedge
Here is a nice trend following system, showing how to identify trend in forex
There is the thread about it with some indicators and so on - Market Condition Evaluation :
1. Trend following1.1. Primary trend- Uptrend (bullish)- Downtrend (bearish)
1.2. Secondary trend.- Correction- Bear Market Rally- Flat (non-trading)- Ranging
2. Overbough/oversold ('top-and-bottom')
Forum on trading, automated trading systems and testing trading strategies
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 in a bear market (Bear Market Rally) :
Sergey Golubev, 2013.07.01 21:43
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.
Resistance and Support Verification
Sergey Golubev, 2018.03.06 07:01
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