when does un-trending start | Forex Factory

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when does un-trending start

  • #1
  • First Post: Dec 31, 2007 5:05pm Dec 31, 2007 5:05pm
  •  w_z
  • | Joined Dec 2007 | Status: hand over them pips | 61 Posts
most of us have been down the road of trying to figure out the direction of the current trend and when it has ended.....blah blah blah....

but i think spotting consolidation/ranging markets before it begins is just as if not more important. it is in these markets that my account starts shrinking...and we all know shrinkage is bad...eh?

so, any takers?

personally, i have never been able to spot a ranging market just as it begins...my solution to that was: 1. higher timeframes and, 2. don't trade eurusd...instead, i trade the yen crosses.
  • #2
  • Dec 31, 2007 5:16pm Dec 31, 2007 5:16pm
The best way in my expirence to tell the difference between a ranging market and trending market is to take a fast and slow MA line, where the fast's period is around 2/3 of the slow's period and when the difference between them is less than 25, 20 pips, then you're ranging. This would go for the majors.
  • #3
  • Dec 31, 2007 5:23pm Dec 31, 2007 5:23pm
Quoting aicccia
The best way in my expirence to tell the difference between a ranging market and trending market is to take a fast and slow MA line, where the fast's period is around 2/3 of the slow's period and when the difference between them is less than 25, 20 pips, then you're ranging. This would go for the majors.
Thanks for the info, aicccia.

By the way, may I know what TF you're reffering to.

Cheers!
  • #4
  • Dec 31, 2007 6:36pm Dec 31, 2007 6:36pm
Will, what time frames do you trade if you don't mind me asking... not what time frames you watch... just trade?

Happy New Year to you.... Stay warm tonight..2C temp for you in Vancouver

Quoting w_z
most of us have been down the road of trying to figure out the direction of the current trend and when it has ended.....blah blah blah....

but i think spotting consolidation/ranging markets before it begins is just as if not more important. it is in these markets that my account starts shrinking...and we all know shrinkage is bad...eh?

so, any takers?

personally, i have never been able to spot a ranging market just as it begins...my solution to that was: 1. higher timeframes and, 2. don't trade eurusd...instead, i trade the yen crosses.
  • #5
  • Dec 31, 2007 7:58pm Dec 31, 2007 7:58pm
Quoting w_z
most of us have been down the road of trying to figure out the direction of the current trend and when it has ended.....blah blah blah....

but i think spotting consolidation/ranging markets before it begins is just as if not more important. it is in these markets that my account starts shrinking...and we all know shrinkage is bad...eh?

so, any takers?

personally, i have never been able to spot a ranging market just as it begins...my solution to that was: 1. higher timeframes and, 2. don't trade eurusd...instead, i trade the yen crosses.
Trending, ranging...What if for a moment you stop thinking in terms of trending and ranging, it limits your way of thinking and it should not. Higher timeframes are not a solution, what happends in the lower timeframes sooner or later takes palace on higher timeframes and last but not least on all currency pairs. Like the saying goes what comes around goes around. How would you trade without thinking in terms of trending or ranging? If you insist that there are such things as trending and ranging market conditions, ask yourself why is the market ranging or trending? There is nothing wrong with eur/usd.
  • #6
  • Dec 31, 2007 9:10pm Dec 31, 2007 9:10pm
Quoting oghe-klate
Thanks for the info, aicccia.

By the way, may I know what TF you're reffering to.

Cheers!
I trade on the 30 minute and hourly timeframe.
  • #7
  • Dec 31, 2007 9:11pm Dec 31, 2007 9:11pm
Quoting Northernstar
Trending, ranging...What if for a moment you stop thinking in terms of trending and ranging, it limits your way of thinking and it should not. Higher timeframes are not a solution, what happends in the lower timeframes sooner or later takes palace on higher timeframes and last but not least on all currency pairs. Like the saying goes what comes around goes around. How would you trade without thinking in terms of trending or ranging? If you insist that there are such things as trending and ranging market conditions, ask yourself why is the market ranging or trending? There is nothing wrong with eur/usd.
Or another way of saying it is...ranging is just trending on a smaller timeframe.
  • #8
  • Dec 31, 2007 10:18pm Dec 31, 2007 10:18pm
Quoting aicccia
Or another way of saying it is...ranging is just trending on a smaller timeframe.
You are right but you are missing the point. Why trade multiple timeframes in search of trend? Lets put it this way how high in timeframes must you go to find eternal trend? You can stay in one timeframe and not worry about whipsaw or being in the wrong side of the trend because you look and trade the market as it is and not search something artificial as a trend or range.
  • #9
  • Jan 1, 2008 12:28am Jan 1, 2008 12:28am
Hi w_z,

Quote
most of us have been down the road of trying to figure out the direction of the current trend and when it has ended.....blah blah blah....

but i think spotting consolidation/ranging markets before it begins is just as if not more important. it is in these markets that my account starts shrinking...and we all know shrinkage is bad...eh?

so, any takers?

personally, i have never been able to spot a ranging market just as it begins...my solution to that was: 1. higher timeframes and, 2. don't trade eurusd...instead, i trade the yen crosses.

I don't know if this will help or not, but here it goes.

What your asking for is really how can I (you) become a successful trader, ie know when the market is turning or just retracing (or how can I trade with a higher probability of accuracy).

Well sorry to say but there is only one way to do that and that is become committed to learning, I've been trading for a while now and live off the earnings that I make through trading but at the start I was very determined to be successful, my approach to every situation when I was learning (and everyone who trades is still learning) was that there has to be a solution to everything that confronted me (what did I have to let go of so that I was not attached to an outcome or make it mean anything about me or the market), so I can develope a system (edge) that accounted for all my strengths and weaknesses.

I could go on for ever about that but I try and keep it brief.

One of the most important things to do is find a mentor that is committed to your success so that you can bounce idea's of him/her and take their coaching.

Put in the time for research (productive research) read everything that is going to further your education. The area that you most resist is probably the best place to start.

Develope a curiosity as to why something worked or didn't work and see if you can come up with a solution to something that didn't work to improve it.

Now fundies don't really lite my fire (dose'nt mean they don't work but they are not for me) but charts do, so I developed my system around being a chartist.

Just to let you know that when I first started coming up with a system I took 12 months off work and studied somewhere around 400 or so different indicators and played around with their settings to see how they responeded to price action and how accurate they were. I used to spend around 8-10 hours a day studying 7 days a week with the occasional day off when friends thought that I was getting too obsessed with it. Now they just call me rain man or freak.

One of the biggest area's you'll end up going is learning more about yourself, which is a whole other chapter but if you want to be successful its one of the most important area's so enjoy yourself and take it seriously but don't make it mean life and death. Just that the more time you spend on it now the earlier you can retire from your chosen work if you so wish.

Hope this helps but I didn't want to get into too much theory because you will become a much better trader when you learn something rather than being told something. (its the journey not the destination).

cheers
Go Getter When Trading Its All About "WHO YOU ARE BEING"
  • #10
  • Jan 1, 2008 11:27pm Jan 1, 2008 11:27pm
  •  w_z
  • | Joined Dec 2007 | Status: hand over them pips | 61 Posts
Quoting WHTenn
Will, what time frames do you trade if you don't mind me asking... not what time frames you watch... just trade?

Happy New Year to you.... Stay warm tonight..2C temp for you in Vancouver
I have been using 15m lately on GBPJPY. On EURUSD and GBPUSD, I use 4H.
  • #11
  • Jan 1, 2008 11:31pm Jan 1, 2008 11:31pm
  •  w_z
  • | Joined Dec 2007 | Status: hand over them pips | 61 Posts
Quoting Go Getter
Hi w_z,



I don't know if this will help or not, but here it goes.

What your asking for is really how can I (you) become a successful trader, ie know when the market is turning or just retracing (or how can I trade with a higher probability of accuracy).

Well sorry to say but there is only one way to do that and that is become committed to learning, I've been trading for a while now and live off the earnings that I make through trading but at the start I was very determined to be successful, my approach to every situation when I was learning (and everyone who trades is still learning) was that there has to be a solution to everything that confronted me (what did I have to let go of so that I was not attached to an outcome or make it mean anything about me or the market), so I can develope a system (edge) that accounted for all my strengths and weaknesses.

I could go on for ever about that but I try and keep it brief.

One of the most important things to do is find a mentor that is committed to your success so that you can bounce idea's of him/her and take their coaching.

Put in the time for research (productive research) read everything that is going to further your education. The area that you most resist is probably the best place to start.

Develope a curiosity as to why something worked or didn't work and see if you can come up with a solution to something that didn't work to improve it.

Now fundies don't really lite my fire (dose'nt mean they don't work but they are not for me) but charts do, so I developed my system around being a chartist.

Just to let you know that when I first started coming up with a system I took 12 months off work and studied somewhere around 400 or so different indicators and played around with their settings to see how they responeded to price action and how accurate they were. I used to spend around 8-10 hours a day studying 7 days a week with the occasional day off when friends thought that I was getting too obsessed with it. Now they just call me rain man or freak.

One of the biggest area's you'll end up going is learning more about yourself, which is a whole other chapter but if you want to be successful its one of the most important area's so enjoy yourself and take it seriously but don't make it mean life and death. Just that the more time you spend on it now the earlier you can retire from your chosen work if you so wish.

Hope this helps but I didn't want to get into too much theory because you will become a much better trader when you learn something rather than being told something. (its the journey not the destination).

cheers
yea man

i agree with you. i've studied hundreds of indicators too. but now, i'm going back to the basics. i realised that instead of studying price, i've been studying indicators. And almost every single indicator out there lags, so...
  • #12
  • Jan 2, 2008 3:00am Jan 2, 2008 3:00am
Quoting w_z
I have been using 15m lately on GBPJPY. On EURUSD and GBPUSD, I use 4H.
Will... slide over here and look at this page...http://www.forexfactory.com/showthre...=1#post1780215
  • #13
  • Last Post: Jan 2, 2008 7:26am Jan 2, 2008 7:26am
Quote
yea man

i agree with you. i've studied hundreds of indicators too. but now, i'm going back to the basics. i realised that instead of studying price, i've been studying indicators. And almost every single indicator out there lags, so...

I understand where you are at, I once was there as well although it was awhile ago now. Then I sat back and looked at the market and noticed what the one thing that the market has in common. "PEOPLE"

So then it dawned on me what is price action, its the measure of peoples behavior (is price too low or too high), all the other indicators out there measure the same thing, human behavior.

Now isn't it funny how humans will respond to different situations that come up for them on a repeatedly fasion generally the same way (flags, pennants, wedges, triangles etc), so what I'm saying is that maybe we really aren't studying price but humans instead.

Indicators may lag but isn't it funny how people will have a certain listening or approach to certain indicators, they all produce patterns and then we respond to them (now where did I put my cheese).

Basically what I'm saying is there is alot of stuff out there, find something that sits well with you and use that.

Everything out there is an indicator of some description, you just want a system that picks up on the mentality of the herd.
Go Getter When Trading Its All About "WHO YOU ARE BEING"
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