how do you identify good and true Trand, please share your experience here
Printable View
how do you identify good and true Trand, please share your experience here
so far i just use my eyes to determine trend. and if you can not like, you can use moving average to determine the trend.
Candlesticks give very good signals to identify trends. And you can use 2-3 indicators espicially Bollinger bands to confirm the trend and you can enter your trade
Along with bollinger bands and candle sticks i also use some custom indicators for trading medium term positions. So its always good to use a combination of two or more indicators to just confirm the trend.Quote:
Originally Posted by mayengbam
wow, I've never seen your best traders in analyzing Trand with just the eyes alone,,, is no help with other indicators friends or just with your eyes only?Quote:
Originally Posted by pivot-trader
so far i trading, i never use indicators. my chart is clean from indicators. just trading with price action and support resistance.Quote:
Originally Posted by denira
mmmm so yes, I also use a prince or rather candlestick action to monitor the market psychology and it really is good to do an analysis but to see the larger price trend indicator I use Bolinger bands and moving avarageQuote:
Originally Posted by pivot-trader
There are various other technical studies also which helps in understanding the exact trend of any currency pair...
Bollinger band is very strong technical analysis..
apart from this, moving day average can also help you...
yeah i use both of these indicators and then also added to other indicators such as standard indicators daviation to see the limits of price movementQuote:
Originally Posted by anubhavsingh
I used to see the trend indicator marbels,
if white means the trend down, if the green means the rising trend,
simple and very easy.