View Single Post
  #1139 (permalink)  
Old 09-04-2008, 12:51 PM
tlindle tlindle is offline
 

Join Date: Aug 2008
Posts: 5
Default

Quote:
Originally Posted by basomakm View Post
Thanks very much james
but how can i know if the trend is up or down ?
Have to use indictor like "SAR" ?
Thanks for the response James.

Basomakm, spotting a trend is pretty simple. Move to a higher time frame, and see if the chart is moving downwards or upwards. If it's moving down, you should only go short unless you're very experienced and know what the market is going to do. Moving up, only trade long. It's not a requirement, but it will most likely save you money in the long run! No indicators are required.
Reply With Quote