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Pattern , sr, zz, and couple of news are best way to identify trend
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.
Hi friend, you need to find your own, i for example use a couple moving avareges (one fas and one slow) in the daily, if the slope is X big then i consider that a valid trend to enter, i backtested this signal for 20 years and it is a pretty profitable entry, but you need to figure out exits, risk reward, and tons of things more..