how to find which pairs are trending {i'm a day trader} | Forex Factory

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how to find which pairs are trending {i'm a day trader}

  • #1
  • First Post: Dec 21, 2016 10:52pm Dec 21, 2016 10:52pm
hello
i use strength indicator but this indicator show momentary strength
which way is best to find trending pair's {i'm day trader}

best regard
what we want:1+1+1+1+1+1+1+1=8 what market delivers:1+2+8+7-4+0-5+8-4-5=8
  • #2
  • Dec 22, 2016 12:00am Dec 22, 2016 12:00am
Quoting adelzadeh
hello i use strength indicator but this indicator show momentary strength which way is best to find trending pair's {i'm day trader} best regard
Attached File(s)
File Type: mq4 Currency-Pairs-Slope-Values-Indicator.mq4   26 KB | 1,288 downloads

Try this indicator
I call upon my father's spirit , watching over me
  • #3
  • Dec 22, 2016 12:21am Dec 22, 2016 12:21am
Quoting Brixen
{quote} {file} Try this indicator
regard of you
but i think this indicator EAT CPU
what we want:1+1+1+1+1+1+1+1=8 what market delivers:1+2+8+7-4+0-5+8-4-5=8
  • #4
  • Dec 22, 2016 12:38am Dec 22, 2016 12:38am
It all depends which time frame/s you are watching. So for example, you can catch a typical pullback trending move on a 10 or 20 second time frame which on a 5 or 15 minute tf is just a messy looking move within a ranging market. So when you talk of trends, you have to identify the time frame, as there are trends going on all the time on the smaller ones even if there is no identifiable trend on the higher ones, and when there is, then it should be obvious anyway.
  • #5
  • Dec 22, 2016 12:48am Dec 22, 2016 12:48am
Quoting adelzadeh
{quote} regard of you but i think this indicator EAT CPU
You can always reduce the number of pairs you wish to watch
I call upon my father's spirit , watching over me
  • #6
  • Dec 22, 2016 12:49am Dec 22, 2016 12:49am
Quoting cat
It all depends which time frame/s you are watching. So for example, you can catch a typical pullback trending move on a 10 or 20 second time frame which on a 5 or 15 minute tf is just a messy looking move within a ranging market. So when you talk of trends, you have to identify the time frame, as there are trends going on all the time on the smaller ones even if there is no identifiable trend on the higher ones, and when there is, then it should be obvious anyway.
useful

thanks very much mate
what we want:1+1+1+1+1+1+1+1=8 what market delivers:1+2+8+7-4+0-5+8-4-5=8
  • #7
  • Dec 22, 2016 1:17am Dec 22, 2016 1:17am
i only trade one and that is enough for me
it depends on what strategy you're using and how much you're risking
  • #8
  • Dec 22, 2016 1:28am Dec 22, 2016 1:28am
I use this as a guide to quickly scan for pairs worth looking at:

Attached File(s)
File Type: ex4 DailyPercentageChange.ex4   23 KB | 844 downloads


Attached Image
It never gets easier, you just get better
  • #9
  • Dec 22, 2016 2:07am Dec 22, 2016 2:07am
Indicators are ultimately based on the price.

Just look at the chart, what do you see?
  • #10
  • Dec 22, 2016 2:14am Dec 22, 2016 2:14am
Quoting adelzadeh
{quote} useful thanks very much mate
You're welcome
  • #11
  • Dec 22, 2016 2:17am Dec 22, 2016 2:17am
Depends on you're trading styles. Swing, breakout, sclaping whatever u prefer.
But my advice is if you want to learn some thing obviously making mony then stick on a trading style and a pair too..
Happy trading.
Mohsin.
Trade fearless not careless...
  • #12
  • Dec 22, 2016 2:41am Dec 22, 2016 2:41am
Quoting mohsinali
Depends on you're trading styles. Swing, breakout, sclaping whatever u prefer. But my advice is if you want to learn some thing obviously making mony then stick on a trading style and a pair too.. Happy trading. Mohsin.
All those styles could fall into trading with the trend. I think you would have to be flexible enough to be able to switch styles to accomodate the
market condition. Trend trading is about market momentum from traders at different volume scales in the market and riding on their coat-tails.
Also looking at the strongest vs weakest currency pairing would be of great benefit.
By limiting yourself to just the majors, you could limit yourself to just 10 currency pairs and trade only 1 or 2 pairs max. at one time.
It never gets easier, you just get better
  • #13
  • Dec 22, 2016 3:13am Dec 22, 2016 3:13am
i think one ways is break higher trend line {H4/D1}
this break can be turning point on lower timeframe {M1/M5/M15}
see picture
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what we want:1+1+1+1+1+1+1+1=8 what market delivers:1+2+8+7-4+0-5+8-4-5=8
  • #14
  • Dec 22, 2016 3:13am Dec 22, 2016 3:13am
Previously used the Currency Meter. No go, perhaps due to TimeZone (US/London) open/close zone, which is a sleepy timezone for me.

Since I'm inclined as day trader, i will close the position for the day, +ve or -ve
Tomorrow is another day!
  • #15
  • Dec 22, 2016 3:29am Dec 22, 2016 3:29am
Â
Stick to one pair is that because not everyone concentration much. So he made mistakes and wish trading which lead to frustration and bad ending...
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Trade fearless not careless...
  • #16
  • Dec 22, 2016 3:39am Dec 22, 2016 3:39am
Too Many Timeframes - Analysis Paralysis.
Currency Meters I use only for confirmation of momentum. Not useful for trend information.
Look at price movement from session to session on a daily basis, is it trending up, down or sideways ?
Stick to one pair and 2 timeframes and go from there, would be a reasonable place to start.
It never gets easier, you just get better
  • #17
  • Dec 22, 2016 8:20am Dec 22, 2016 8:20am
I find RSI to be a good indicatorof trend on every TF. Above 50 and the trend is up. Below 50 and the trend is down. The 14 period RSI is ok but also a higher period RSI may suit.

Attached Image


Attached File(s)
File Type: ex4 MTF RSI Multi Pair Dashboard.ex4   66 KB | 827 downloads
Indentify > Plan > Accept > Execute
  • #18
  • Edited 2:07pm Dec 22, 2016 1:45pm | Edited 2:07pm
finding one way
i use 21 sma on H1 and trade on m1
and catch trend with m5 OSMA
when price cross the ma we only trade in the direction MA
BIG TREND always occur in the direction MA
if price go on above ma we only take buy and vice versa

and i think we haven't more choppy market or sideway with this method


MTF MA: https://www.mql5.com/en/market/product/14232

please test it

regard
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Attached File(s)
File Type: mq4 osma_x_2_mtf.mq4   9 KB | 565 downloads
File Type: mq4 zero_lag_rsi_2_mtf.mq4   5 KB | 586 downloads
what we want:1+1+1+1+1+1+1+1=8 what market delivers:1+2+8+7-4+0-5+8-4-5=8
  • #19
  • Dec 22, 2016 2:19pm Dec 22, 2016 2:19pm
Quoting adelzadeh
finding one way i use 21 sma on H1 and trade on m1 and catch trend with m5 OSMA when price cross the ma we only trade in the direction MA BIG TREND always occur in the direction MA if price go on above ma we only take buy and vice versa and i think we haven't more choppy market or sideway with this method MTF MA: https://www.mql5.com/en/market/product/14232 please test it regard {image} {image} {file} {file}
Keep Looking................................. Good Luck
It never gets easier, you just get better
  • #20
  • Dec 23, 2016 12:32am Dec 23, 2016 12:32am
SAR can be better

it more accurate
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Attached File(s)
File Type: mq4 AdaptiveParabolic Histo_v2.1 (1).mq4   14 KB | 577 downloads
what we want:1+1+1+1+1+1+1+1=8 what market delivers:1+2+8+7-4+0-5+8-4-5=8
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