Finding the trend

Quoting Eod

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I don t understand

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Quoting RiskFighter

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{quote} Nice one. I have been playing with the Currency meter of yours. Make a post later.

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Quoting RiskFighter

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So my chosen pairs to trade has behaved nicely and I just follow them again tomorrow. {image}

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Quoting RoelsMajor

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{quote} For scalping, the H4 timeframe has too large an interval. This is an example of a good signal (pattern) that often appears during London trading hours, throughout my trading history and observations. Sometimes it doesn't appear, but if it does, it can be used to gain a small scalping profit or intraday profit. This is an Edge. {image}

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Quoting JaimeAlejan

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{quote} Interesting reflection, although here we try to focus more on the trend and certain patterns, I think that the structure is in the background although it is a complement that we all use. Example of the analysis that I am doing with EURUSD and my strategy. {image} I see a structure but a notable change in strategy. In addition, the strength of the currencies may have a crossover in the next week. {image} For a swing trade, my analysis says that there will be a slight downward trend reaching some Fibo level or until the trend changes again....

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Quoting RoelsMajor

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{quote} EURUSD on TF 15 to H1 shows a flat trend and a small range of only 44 pips. If aiming for 1/3 of 44, there's a chance to get just 15 pips, which is enough for scalping but will be choppy. A 15 pips SL is too small, at least 25 pips are needed. So, it's not a good pair for scalping or intraday trading at the moment. When choppy you trade always inside (down, sell to the mean). Against the trends. {image}

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Quoting JaimeAlejan

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{quote} I totally agree, that's why I don't do Scalping, my Stoploss generally go from 25 pips and TakeProfit up to 200 pips depending on the trend. Operations from 1 to 5 days As you can see in the following graph, each vertical line is a day and each Renko Candle is 10 pips that the price travels. So it's easier to see the journey in pips, but there are days when the price doesn't really do anything and the Renko Candles make that clear. {image}

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Quoting JaimeAlejan

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{quote} Please share how you are using it, on what timeframe and how useful it is when looking for trends. I have done backtesting on timeframes below 1D and personally I find it quite confusing. I like Scalping but I haven't found any strategy that suits me. At the moment Swing Trading is working quite well for me. I am learning to detach myself from money and operate percentages. I have several possible entries in Swing for next week. Tomorrow afternoon in Asia time I will upload them to the thread. Greetings to All

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Quoting RoelsMajor

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{quote} For scalping, the H4 timeframe has too large an interval. This is an example of a good signal (pattern) that often appears during London trading hours, throughout my trading history and observations. Sometimes it doesn't appear, but if it does, it can be used to gain a small scalping profit or intraday profit. This is an Edge. {image}

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Quoting RoelsMajor

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{quote} For Long Term EURUSD no clear direction this time. It is in the middle now. {image} {image}

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Quoting JaimeAlejan

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{quote} Well, I don't know what you're looking at, but I see a downward trend with its setbacks and it's not even necessary to mark trend lines. If there wasn't a defined trend, nobody would trade the EURUSD pair.

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Quoting RiskFighter

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{quote} Hi Roels... In this thread I am talking about predicting the next days trend. You could say, that if we at the beginning of the day can tell where the price will go and how the daily bar will look at the end of day, then we have an edge in finding trades during the day. Then I say: If you know the behavior of the instrument on beforehand, then any strategy you have will make money. So this is my take on the grail.

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Quoting RiskFighter

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An example - look at this guy. Reveiled at the MultiWPR screen, that this par has been in a steep trend on the Daily for the whole of July. Then going to H4, H1 and M30 - still a nice trend which should have given tons of pips. Will it continue today? I bet on it. Might lose, but that is part of the game. If I am right, then there will be some profit fot me. {image} {image} {image} {image} {image}

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