did u catch the trend?

[iiiqqqeg]

i've found that Forex trends r not that reliable , it can reverse any moment for no reason .... beside u can't predict it until it really happens or being almost done ...


i start to jump in when it starts to slide or reverse to make few pips and then get out ....

do u really find trend trading that reliable? how often u make trades from that kind?

[StockJock-e]

Trends in forex are the same as any others. Draw your trendlines, watch the indicators, its no different than stocks.

[wolf825]

I find that it depends on the volitility of the pair and its influences... some pairs are very whippy and some are a bit more "quiet"....also its influences play a big part as well. For example....if you try to trade trends on a major pair like EUR/USD or GBP/USD you may find yourself sitting on a roller coaster--especially during volitile times like NY mornings etc or big news days...but if you trade what I feel is a 'quieter' pair like AUD/USD or some of the crosspairs like EUR/JPY or GBP/CHF, you may fair a bit better just trend trading....as those are often lead by the major pairs. Watch the majors and play the minors can work in trend trading...but as always--its Forex..its a wild beast and you are better often luckier to try and pick a warm sunny day in winter on a empty calendar then you are in determining which pair will do what and when. Forex is a lot about risk management to your account exposure by using Stops and your TA chart reads and knowing when news is due, and making numerous small pip gains over time instead of those big gains tried for at once... In forex you don't have to make 1000 pips a week...when you can grow your account and trading style to regularly make your account do the same succe$$ with only 10 or 20 pips gained...

JMO...
-w

[wolf825]

Originally Posted by StockJock-e

Trends in forex are the same as any others. Draw your trendlines, watch the indicators, its no different than stocks.

Very true....and its super nice to be able to short as well as go long and profit either side and not have to deal with day trading rules...but its the unexpected potential volitilty and swing is what kills most folks used to stock plays...

-w

[iiiqqqeg]

thx Stockjock & Wolf .. for the pairs u mentioned what time frame u usually look for to ride the trend?

[downloads_be]

Don't depend on 1 indicator or 1 trendline to make a decision.
Usually when I take a good look at: ...

- the candles: what pattern are they forming on a short time frame (10min), and on a longer time frame(1hour)
- Resistance and support lines
- Fibbonnaci: when there is a retracement, are there any important fibbonnaci levels penetrated?

... I'm able to catch a lot of minor trends

When I'm not sure, or don't get confirmation on the next candle I simply don't take any position

[sirensiren]

The more I trade the more I like those fibonacci retracement levels as well.

[Donna18]

Knowing how to be familiar with support and resistance levels is one of the significant things to learn in unbeaten Currency trading. When you plot the market routine, you will observe a pattern of ups and downs. As the market moves up, the highest point it reaches before it reverses is called the resistance. The point at which a descending line curves back up, on the other hand, is called the support. These two points are used in tracing trend lines. You can sketch trend lines in valleys and peaks as well as channels in ascending and descending patterns.

[Donna18]

To catch the trend of the market ,all you need to study and observe the levels,
the Resistance and Support levels.
Develop your own strategies to get the best out of the market.
If you got the points that how to catch trends of the market, you'll never ask about where to short and buy..
Happy Trading

[laundrysoap]

Adding 50 and 200 moving averages can help you visualize the trend if you're having trouble - you'll recognize it by looking at price after a while.

The other thing you need to find out is if the market is searching for value or is consolidating. Horizontal support and resistance, while powerful, only do so much when there is active price discovery going on, and trendlines will be more reliable. Other times, while consolidating on a larger-scale timeframe, you'll find that trendlines will fail you on the short-term basis.

It's all about recognizing the mode the market is in, and it starts with whether there is in fact a trend to catch to begin with.