how can we know trend direction ?
Oct 23 at 17:30
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4 Replies
Membro Desde Oct 15, 2024
2 postagens
Oct 23 at 17:30
first its necessary to have a true imagine of trend, trend is not an absolute concept. to know the trend direction first you have to know with timeframe do you want to trade in it. if you want to trade in M5 , its necessary to know the tend in two timeframe upper than M5 to have good act against market. in my EA (daily profit) I tried to trade in trends in triple timeframes and its look like awesome. after knowing the trend, its necessary to have a determined risk management and good trigger strategy. if you have a bad entry point it can has a bad effect on your balance even with knowing the trend direction.
my friends. im glad to introduce you my Expert Advisor named 'daily profit' and its performance
my friends. im glad to introduce you my Expert Advisor named 'daily profit' and its performance
Anexos :
forex_trader_3843283
Membro Desde Sep 07, 2024
1 postagens
Oct 23 at 17:46
This is great 👍
But the market is a complex place, with contradictory presentations. I think the best thing to do in knowing the trend direction is to use EMA.
As you said, let's say the entry timeframe is 5minute for precision, the higher timeframe trend should be the dictator. Plot, for example, 20 and 50 EMA on 1hour timeframe, if the price is below both the EMA, that is downtrend and vice versa for uptrend. Though the lower timeframe might not correlate with it, that's why you need to wait for BOS or reversal Chart pattern...
The market is complex on its own, so it won't do us good if we approach it with a complex mind.
@komeil_azadian
But the market is a complex place, with contradictory presentations. I think the best thing to do in knowing the trend direction is to use EMA.
As you said, let's say the entry timeframe is 5minute for precision, the higher timeframe trend should be the dictator. Plot, for example, 20 and 50 EMA on 1hour timeframe, if the price is below both the EMA, that is downtrend and vice versa for uptrend. Though the lower timeframe might not correlate with it, that's why you need to wait for BOS or reversal Chart pattern...
The market is complex on its own, so it won't do us good if we approach it with a complex mind.
@komeil_azadian
Membro Desde Oct 16, 2024
26 postagens
Oct 24 at 11:13
komeil_azadian posted:which currency pair you prefer?
first its necessary to have a true imagine of trend, trend is not an absolute concept. to know the trend direction first you have to know with timeframe do you want to trade in it. if you want to trade in M5 , its necessary to know the tend in two timeframe upper than M5 to have good act against market. in my EA (daily profit) I tried to trade in trends in triple timeframes and its look like awesome. after knowing the trend, its necessary to have a determined risk management and good trigger strategy. if you have a bad entry point it can has a bad effect on your balance even with knowing the trend direction.
my friends. im glad to introduce you my Expert Advisor named 'daily profit' and its performance
Membro Desde Nov 17, 2022
2 postagens
Oct 26 at 21:55
TO me the higher timeframe has the most power when telling the overall narrative 4hr or Daily works for me..... IF The 1000 EMA & 300 EMA ARE Showing overpowering signs of a Certain Trend lets say Bearish Trend Then thats what i take the overall direction as unless there is some sort of STRUCTURAL SHIFT (AKA Break of structure) This helps me identify anything else happening as a counter trend/Ranging Market until KEY Structure Points Are Broken... If you look at the first pic you can see price is below the 1000 & 300 Ema On the DAY Time-frame So i take that as a strong sell anything happening in the opposite is a temporary Counter trend ... Looking at the second pic you can see if price where to break those green boxes going back up we can see its counter trending and where could it go is up to the market but Once it reaches the red box on the upside it should meet heavy resistance and revert back into a down trend why?...... because that red area is the last major point that was broken to continue the current downtrend
Anexos :
Become ATTACHED To the PROCESS not the OUTCOME
Membro Desde Oct 15, 2024
2 postagens
Oct 27 at 02:49
Ces_76Jez posted:i work just on EURUSD....if everything be well...next year i will be able to work on GBPUSD tookomeil_azadian posted:which currency pair you prefer?
first its necessary to have a true imagine of trend, trend is not an absolute concept. to know the trend direction first you have to know with timeframe do you want to trade in it. if you want to trade in M5 , its necessary to know the tend in two timeframe upper than M5 to have good act against market. in my EA (daily profit) I tried to trade in trends in triple timeframes and its look like awesome. after knowing the trend, its necessary to have a determined risk management and good trigger strategy. if you have a bad entry point it can has a bad effect on your balance even with knowing the trend direction.
my friends. im glad to introduce you my Expert Advisor named 'daily profit' and its performance
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