How To Identify Trend?

[kateriyan]

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.

 

[Dr.Jay]

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%)

 

[Dr.Jay]

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]

What method u ar using in trading MR.J??

 

[Dr.Jay]

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?

 

[vizorde]

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..

 

[Hanney]

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%)

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

BTW, nice input..

 

[Dr.Jay]

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

BTW, nice input..

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

 

[moneymaker3000]

nice thread here...

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

 

[eddy999]

use bigger TF ( weekly ) then draw trendline..tada..u got the trend..
and trend is your friend, dont go agains it..