Thread: Your best method for identifying a trend please

Originally Posted by ;

what's about the charts image

I browse the pdf. Looking into it a bit. I usually only use lines and fibs. Bigger fibs and more compact fibs for help and resistance. I climb on the dips and then attempt to ride the trend all the way, shing the stop on the dips, including more money, then becoming out once my stop is triggered, but also taking some profits in the peaks, kind of a combo. Multiple entries and exits diversifies the risk.

News is good to trade due to the small daily tendencies, always trading in the direction of the larger trend, marked with fibs and s/r lines. When the momentum of these news strikes, the fibs and s/r traces are rather accurate. The Euro session open and the start of the US market are great for this volatility. Depends upon how much time I have. I am thinking of some long hours of focus scalping and then taking another break and moving into swing trades. It requires knowing the flow of this market, studying the news, etc.. After not scalping for a while I must get up to speed.

Originally Posted by ;

quote I took a lengthy break for inner meditation to let everything go, including my attachment to money. Looking for a fresh outlook. I believe money a philosophical tool to meditate, it represents alloion of life force energy, and that's what I have been learning from my own inner work. If you consider money emblematic of the chief polarity that fact is made from, there is much to learn. Both forces are life and death energy, like money. What's life to one is passing to the other, and vice versa, exactly like money. Misuse of all life-force may...

makes perfect sense bro! Tnx for replying me.

Acquire support and resistant knowledge, if you can identify logical levels of current market than it would be much handy to discover market flow rate! Utilize Horizontal line, trend line and Fibo in this circumstance!

Consider the charts from left to right - has the price gone up or down? Easy is greatest

Mayby use 1,2,3/ABC such as HIGH , Greater Low, Greater high etc..

I don't utilize any indior or any technical instrument! I decide current market trend in line with the job of resistant and support loion! I look, this is the most reliable way of identifying market tendency! On the other hand, I open my commerce when I am certain about the market tendency standing!

Hello

Thanks for the answers, I certainly have not explained what I am attempting to ask quite nicely at all, hard thing to put in writing. If I figure out how to word it I will respond again.

1 Attachment(s) okay, here is a much better example of what I am trying to say. Which of those lines I have drawn is the actual trend?

My confusion is because the purple line shows the down tendency on the highest swings, but the blue line shows a trend that connects more of the higher swings than the purple. You may see where I circled in purple somewhat reduced high that hasn't come up the the purple trend line, however , drawing on the blue line where I have has cut off the top the blue ring.

So which is correct here? What happens in case the current price action on the lowest swing comes up throughout the blue and hits the purple again? The is where I get confused as to what reduced highs to use while drawing on the trend line since the purple circle appears to be still moving down however is dropping from my trend line, so waiting for it to return to my purple tendency to have a sell would take hours and hours, and may not get there.

So can you see my confusion? Any thoughts about what I am doing right and what I am doing wrong?

In all honesty I think my main problem is patience. Waging for the action to come back to the tendency to then put in a trade with the trend management is slow, it's dull and bothersome. About the 1hr charts it literally could be times before the setups come in, and because I have such a little balance in my trading account it seems like making 1 or 2 trades per week is moot because it doesn't make much cash. By way of instance my equilibrium is 10 in the present time, meaning I will only risk a max of 0.50 per trade making 1 to 1.50 profit, kinda seems pointless after waiting 3 days for the setup which may not actually turn out right. It is like you want a fantastic amount of cash to begin with or you'll be here for years attempting to build it out of little. There is then the issue of shutting off the charts so I am not staring at them waiting all day, I come back and likely missed the entrance point I was waiting for.
https://www.nigeriaforextrading.com/...s-signals.html

With a freaking moving average !!! Also the pubs generally are printing higher?? or lower?? , what do you think its occurring?? =-RRB-

draw major support or resistance (action levels) and thats it

Originally Posted by ;

ok, here is a much better example of what I am trying to say. Which of those lines I have attracted is the true trend? My confusion is because the purple line shows the down tendency on the highest swings, although the blue line shows a tendency that connects more of the higher swings than the purple. You can see where I circled in purple a lesser high that has not come up the the purple trend line, however , drawing on the blue line at which I have has cut off the top the blue ring. So which is correct here? What happens if the current price action on the lowest swing...

Both trend lines are 'right' - there is not any single 'most correct' trend line. That's part of this sport called trading - you view one thing, others view the other. What is important is the way that price behaves around those areas, and who is accurate.