Disliked{quote} i dont use indicators to define the trend. in fact i ask myself what are the fundamentals of the 2 currency in the pair im trading.... namely the monetary policies involved. once i got an idea of the monetary policy, whether if its diverging or not... diverging monetary policies make fore amazing trends and directions to trade with. once you have an idea of the direction, all a matter of finding the trend by plotting a trendline on the chart. i prefer the daily chart. i dont trade anything lower than the daily.Ignored
QuoteDislikedIf you find a trend and you think its gonna reverse, just keep your guts and go with the trend. Until you see a clear reversal pattern. Use 4 hour or daily charts.
ill use daily closes to determine if a trend is finished or not... so far i have not seen a daily close above the downtrend since the start of the trendline from ~1.4
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