Yes my brother you are right we means traders loss because we repreats our mistakes but we must change our idea or our through as the trend changesQuote:
Originally Posted by malik
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Yes my brother you are right we means traders loss because we repreats our mistakes but we must change our idea or our through as the trend changesQuote:
Originally Posted by malik
To accept trend is harder because trend is everythings in forex i anticipate and to bolt the appropriate trend is the key of success. if we able to bolt the trend and accessible continued position again there will be no agnosticism we able to blooming pips growing in our account.
Yes this is important how to analysis the trend and most of us don't know but I have only one way to analysis the trend that is Bollinger Band strategy. first of all see the H1 chart and see the moving of your pair then goo on BB and that will give you the current trend.
I use the stochastic and alligators to analyze the trends taking place in the forex market, because I feel comfortable to do the analysis of these indicators, and every trader will use any number of different indicators.Quote:
Originally Posted by deep
Those trader who trade for their livings and forex is their main job, they also has sound strategy and they earn consistently profit on daily basis. we are part time traders and we just ride on the trend that is the simple strategy for getting some profit and most of the time it works.
Entry and exit on good strategy should be well timed so a to get the maximum profit potential of a particular trade. It is important to note howevever that when you are riding the trend, there is always room for a reversal. Trailing your stops to locking profits from time to time is a good way to trade with the trend.
trend is friend its right but before ride in trend every trader need to watch and concern of other important things of forex,one of important thing is news
Yes, I know of the bollinger band and I trade it sometimes. If the market is quite and there is a squeeze in the band, I usually expect a trend reversal. The time frame of the squeeze is also important because this is what will determine how long the breakout effect will last.
unfortunately there is no full proof way to find out exact top a trend will make or exact bottom - but we have to wait to find the signal for reversal though we can use resistance points to exit and if the resitance is breakn make a re-entry or wait for the support level we can continue this strategy in bullish market and similarly we can short in bearish market and exit on each support and if support break short again....
We need to learn few indicators which tell us about the current market trend and we can consider it before we trade. Also we can study indicators which tell us about the trend reversals so we can enter a trade at the right levels . it is better to trade with the trend as trend is our best friend .