depend on trading system or indicators you're using..basic methods is using trendline,fibo and support and resistance..Hello Friends,
I am new here. I just want to ask, How to identify the trend since the trend is very important. I also want to ask that, how to pus a good stop loss. Thanks.
Doc... i think u got it mixed up.. Trend occurs 30% of the time, not the other way around..You can use MA, trendlines, fibo tools..
Or any custom system indicators such as Tlatomi and Ichimoku method.
Trending market only accurs 60% of the time.You need also to learn how to trades sideways market (30%).. and breakouts (10%)