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I am a victim of flat market :(

  • #1
  • First Post: Apr 26, 2010 11:47am Apr 26, 2010 11:47am
Hello fellow traders. :|

I have been suffering loss or no profit from my trades because of market moving flat. I am not that experienced or knowledgable yet.

So i want to ask if there is any way to determine if market will go FLAT or move in one direction?

Please help me out
  • #2
  • Apr 26, 2010 11:59am Apr 26, 2010 11:59am
There are a lot of systems on this site, check them out and find what works for you!
A woman drove me to drink, and I forgot to thank her
  • #3
  • Apr 26, 2010 12:03pm Apr 26, 2010 12:03pm
you are not the only one. im down about 4% so far this month but what annoys me most, is that I have not adapted to the market. I've given away probably around 5-6% return on not taking profits quick enough, ending up with either a loss or break even.

lesson: if one do not adapt and adjust to the current marked-situation, you will suffer one way or another.

to answer your question, you can't predict volatility but its possible to identify if we are trading in a highly volatile market or not.
Measure twice, cut once
  • #4
  • Apr 26, 2010 12:32pm Apr 26, 2010 12:32pm
Quoting darksorrow
Hello fellow traders. :|
So i want to ask if there is any way to determine if market will go FLAT or move in one direction?

Please help me out
If you know this, you are successful.
Suite your system to trending and ranging markets.
The more experience the closer to the reality
  • #5
  • Apr 26, 2010 1:12pm Apr 26, 2010 1:12pm
I would be taking severe losses right now if I was trading the US, luckily I am trading live London and demo US. If you are trading the US session, my advice is to start trading the London IMO. That is where all the real moves happen from.

But maybe you are trading the London already, in that case, well it certainly wasn't flat last week but the last couple days haven't had any significant HUGE breakouts like earlier last week. (that I've spotted at least.)
Thank you Lux!
  • #6
  • Apr 26, 2010 6:10pm Apr 26, 2010 6:10pm
Guys

No point in trying to "find" trades that arent on. There is always going to be times when the market is flat. Why trade during these times?. Im a long term set and forget trader. Better off waiting till you get a nice high probability setup and pull the trigger!. Setup your S/R levels/TL's off the Daily 4H 1H charts and the trades will come!
  • #7
  • Apr 26, 2010 7:41pm Apr 26, 2010 7:41pm
One of the way to detect whether the market is flat or consolidating will be by using multiple moving averages.

You can plot a 100, 200 and 400 EMAs on all timeframe. If you see them sloping at an angle with good angle and separation, you are in a trending market.

If you see them flat and cluttering together, you are definitely in a sideway market.
  • #8
  • Apr 26, 2010 9:33pm Apr 26, 2010 9:33pm
Guys thanks for the inputs.

Quoting Ivan
If you know this, you are successful.
Suite your system to trending and ranging markets.
For me both can not be suited at the same time. I stay in profitable trade but then again on flat market, my profitable trade turns in to a loosing trade.

If i don't stay long then it will mean i will making a few pips when the big movement will go away.

I guess there are people who can predict this. So hoping that i would also be able to learn to identify this.
  • #9
  • Apr 26, 2010 9:36pm Apr 26, 2010 9:36pm
Quoting jeppofx
Guys

No point in trying to "find" trades that arent on. There is always going to be times when the market is flat. Why trade during these times?. Im a long term set and forget trader. Better off waiting till you get a nice high probability setup and pull the trigger!. Setup your S/R levels/TL's off the Daily 4H 1H charts and the trades will come!
I need to identify that time.

And i trade on H4 chart.
  • #10
  • Apr 26, 2010 9:42pm Apr 26, 2010 9:42pm
Quoting KelvinLee
One of the way to detect whether the market is flat or consolidating will be by using multiple moving averages.

You can plot a 100, 200 and 400 EMAs on all timeframe. If you see them sloping at an angle with good angle and separation, you are in a trending market.

If you see them flat and cluttering together, you are definitely in a sideway market.
Thanks for the EMA. I have added EMA 21 on my chart now. Don't like to use too slow MAs. lol

Everyone else please give some input here as well.

Thanks
  • #11
  • Apr 26, 2010 11:40pm Apr 26, 2010 11:40pm
Thank's for the advice , i'll try all you guys advice, hope it'll make a good strategy for me
  • #12
  • Apr 27, 2010 1:16am Apr 27, 2010 1:16am
1. Pair selection. Trade the strongest currency/ies against the weakest, the combination of which creates the biggest and cleanest trends. There is generally always a pair that's trending strongly. Look at the daily charts of AUDCAD and EURNZD below, for example. I know which of the two I'd rather be trading at present.

2. Find strategies that work equally well in different TFs; there is usually a trend somewhere, on some TF. Or have different strategies for different TFs.

3. If all else fails, as soon as you see the market starting to move sideways, stop trading and wait for breakout, or an increase in a suitable volatility indicator (e.g. ATR).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: darks1.gif Size: 36 KB
Click to Enlarge Name: darks2.gif Size: 28 KB
  • #13
  • Apr 27, 2010 3:11am Apr 27, 2010 3:11am
As usual Hanover answers a question accurately and succinctly. His 3 points are absolutely spot on.

However, I would like to elaborate on KelvinLee's helpful response using moving averages. I have been through the process of identifying ranges and trying to trade accordingly and for me, the most useful indicator has been the Donchian Channel, a derivative of moving averages. In a ranging market the channel has a defined flat top and bottom line. It defines the range. When this happens we have a choice - change time frames and trade within the range or wait for a break out. I use Donchian channels a lot and I wait for compression where the range of the channel is low in comparison to the longer term ATR, say, ATR(200) In these circumstances a break out is usually inevitable and usually, but not reliably, in the direction of the major trend. How to trade these break outs is a different subject but I would refer you to this thread: http://www.forexfactory.com/showthread.php?t=171552 to understand what I am trying to communicate.
Gone to a better place
  • #14
  • Apr 27, 2010 10:04pm Apr 27, 2010 10:04pm
@hanover, what is the stoch indicator you are using? I am searching for an indicator which will give convergancedivergance signal.

@smikester, Thanks for the thread again.
  • #15
  • May 1, 2010 6:29am May 1, 2010 6:29am
Quoting darksorrow
@hanover, what is the stoch indicator you are using?
Sorry for the late reply, I just saw your post now.

Indy is attached.
Attached File(s)
File Type: mq4 Stochastic_DivergenceMTF.mq4   15 KB | 614 downloads
  • #16
  • May 1, 2010 9:24am May 1, 2010 9:24am
not sure what pairs you boys are trading but plenty has been going on on GBPJPY and EURJPY
Attached Image (click to enlarge)
Click to Enlarge Name: fx.jpg Size: 143 KB
  • #17
  • Jun 4, 2010 9:05am Jun 4, 2010 9:05am
Quoting hanover
Sorry for the late reply, I just saw your post now.

Indy is attached.
Thanks for the indicator.

I also checked it after a long time now.
  • #18
  • Jun 4, 2010 9:06am Jun 4, 2010 9:06am
Quoting >Apocalypto<
not sure what pairs you boys are trading but plenty has been going on on GBPJPY and EURJPY
I trade with EU, EJ, GU, GJ, AU, AJ, UC
  • #19
  • Jun 4, 2010 9:13am Jun 4, 2010 9:13am
Have any of you tried trading Crude Oil futures (CL contracts), nice daily ranges 250+ pips and clean trends.
Most active during London & US sessions though.
It never gets easier, you just get better
  • #20
  • Jun 4, 2010 10:11am Jun 4, 2010 10:11am
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