Further to my earlier post, I'm attaching a current 4H chart of EURUSD that may be showing signs of a trend change from down to up. I've marked my observations on the chart.
The trader IS the holy grail.
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DislikedFurther to my earlier post, I'm attaching a current 4H chart of EURUSD that may be showing signs of a trend change from down to up. I've marked my observations on the chart. {image}Ignored
DislikedHello All, I was a little bit away from this forum since i'm developing a new indicator for forex trading. My indicator is working well (till now) and ill share the same with you guys since its finished. I just have one problem , when i want to exit the trade i exit a little bit later (although i have profit but not the maximum)... I just want to ask , how can i detect the end of a upwards/downwards trend? any indicator or suggestion ? Thanks all in advanceIgnored
DislikedHello All, I was a little bit away from this forum since i'm developing a new indicator for forex trading. My indicator is working well (till now) and ill share the same with you guys since its finished. I just have one problem , when i want to exit the trade i exit a little bit later (although i have profit but not the maximum)... I just want to ask , how can i detect the end of a upwards/downwards trend? any indicator or suggestion ? Thanks all in advanceIgnored
DislikedSurely there are indicators with a greater degree of accuracy which can detect the beginning or the end of a trend?Ignored
QuoteDislikedHedgePiglet
I am also a strong personal advocate of range-based charts over time-based ones, as they show trend somewhat more reliably.
DislikedThanks {quote} I will investigate this more seems interesting. It does seem that some indicators are subjective and every trader tends to have a different view, if the majority agree and stats support it then I guess it becomes and objective technique/ indicator...? Does this approach work for all asset classes or just some?Ignored
DislikedThe end of the trend is detected when you have to close all your positions due to a margin call. You can then watch the market go in the direction that you intended. It works like this: {image} On a serious note. To detect the end of a trend is not possible.Ignored
Disliked{quote} Order without stop-loss has only one Stop-loss the EQUITY "(all money is the stop-loss ) also time consuming in losing orders is the hardest because it stabilize the wrong decision , So any order must have two stop-loss Money and Time i.e Target time is important like money targetIgnored