How To Identify Trend?

Live Forex Chart

Currency
Rates
EUR / USD
1.16775
USD / JPY
104.655
GBP / USD
1.2945
USD / CHF
0.91798
USD / CAD
1.3321
EUR / JPY
122.210
AUD / USD
0.7029

CG Sponsors




kateriyan

Freshie
Joined
Jan 7, 2010
Messages
3
Reaction score
0
Points
3
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.
 
Sponsored Post

Dr.Jay

Fun Poster
Joined
Feb 19, 2007
Messages
751
Reaction score
94
Points
20
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%)


:)cgrock
 

Dr.Jay

Fun Poster
Joined
Feb 19, 2007
Messages
751
Reaction score
94
Points
20
A good stop loss must me tight to your money management method.
Such myself, i prefer not to risk no more than 10% of any large account funds.
But it depends on times when I am trading high risk position, I would instead trade risk no more than 2%

For example.
You have USD1,000
If the case was you to open 0.05 mini lot (where 1pip = USD0.50)
I would most preferably not to put SL more than 200pips.
Because in case the trade hit SL, I would only loss USD100
and still have USD900 to use for other trades.

But, you can anytime adjust this risk percentage according
to your analysis strength and the money you are willing to risk.

I posted an article on MM here.. you might want to check it out.
 

mangkaq

Super Active Member
Joined
Mar 13, 2008
Messages
8,834
Reaction score
71
Points
75
What method u ar using in trading MR.J??
 

Dr.Jay

Fun Poster
Joined
Feb 19, 2007
Messages
751
Reaction score
94
Points
20
What method u ar using in trading MR.J??
I use 3 methods... Tlatomi, Fozzy, and Ichimoku exchangeable depending on market condition. Often I combine with basic indicators such trendlines and fibos. lol. Why u ask?

:)cgrock
 

vizorde

Fun Poster
Joined
Sep 9, 2009
Messages
629
Reaction score
49
Points
20
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.
depend on trading system or indicators you're using..basic methods is using trendline,fibo and support and resistance..:D:p
 

Hanney

Active Member
Joined
Apr 10, 2008
Messages
2,394
Reaction score
9
Points
25
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%)


:)cgrock
Doc... i think u got it mixed up.. Trend occurs 30% of the time, not the other way around..:D

BTW, nice input..
 

Dr.Jay

Fun Poster
Joined
Feb 19, 2007
Messages
751
Reaction score
94
Points
20
Doc... i think u got it mixed up.. Trend occurs 30% of the time, not the other way around..:D

BTW, nice input..
oh really.. :">
I was sure i read it from somewhere. o well, doesnt matter. :)

:)cgrock
 

moneymaker3000

CG Top Poster Club
Platinum Member
Joined
Mar 24, 2007
Messages
25,256
Reaction score
517
Points
176
nice thread here...:D

i always identify trend from candlestick pattern (my 50% observation), the rest i will check RSI and some indicators to confirm it
 

eddy999

Active+ Member
Joined
Dec 6, 2009
Messages
2,904
Reaction score
3
Points
25
use bigger TF ( weekly ) then draw trendline..tada..u got the trend..
and trend is your friend, dont go agains it..
 
Sponsored Post
Top
Log in Register