Help !!!
Just looked at many examples of nice long profitable trends, though when looking at the forex charts all the markets seemed to ranging, what do i do ???
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Firstly be definitive about what is a trend. A trend (for you) is a trend that your strategy can trade. You only need price and one or two EMA’s to identify a trend and identify how strong it is. A strong trend is one that meets all your trend strategy criteria. Start with the strategy, identify the trend criteria and then look for them. You only need one chart to show you a good trend and you can make a profit.
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and u only need 1 lunatic to scream end of the world to create a panic 
@greenscorpio within those ranges on higher timeframes are daily,4hr, 1hr etc trends. the only thing u have to be sure about is what timeframe u want to trade. cos u can swing a trade from 5m up to weekly or whatever. who cares if monthly or weekly are ranging, or even daily? i can make nice profits within those ranges if for ex i trade of 1hr and daily is ranging. or u can just trade of daily, buy low sell high in a range enviroment…it s a broad aproach and u just have to make sure that u know what u are doing before u pull the trigger.(do i have money for casket? ) if u wanna know how to get in a trend or how to identify etc, show some pics and we ll comment, but u need to be more specific and ask the right questions. cheers
yes some good points , The basic terms used to determine style of trading are scalping,day trading,swing trading, long term investments. Obviously what one determines as a trend has subjectivity.Do you go days ,weeks ect without placing a position, if you feel there is nt a potentially profitable entry
I trade only off daily charts and there’s generally some opportunities every 2-3 days at worst. The problem comes when the market offers too many opportunities, such as when it becomes rapidly more risk-tolerant: risk-on means AUD and NZD go strongly up, JPY and CHF go strongly down, all in step. So you need to have defining features of a trend that don’t just tell is it a trend or isn’t it, but also is it a more or less strongly tradable trend according to your strategy.
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i was trying to highlight the problems beginners might meet when the likes of Babypips ect, pigeon hole traders as scalpers, day traders and position trading
pigeon hole traders? never heard that 1 before lol.
i thought u needed some info since u started ur thread with +help+, my bad.
no its ok mate thanks for your points, i was just trying to start a thread i think this is one of the problems one experiences when first trading, especially when many look at you tube for a source of information
yes cheers its seems you trade on strong theories
do you look at commodity, indices too , or just forex
u never explained what is a pigeon hole trader… was that an insult meant for me or a broad term u use loosely?
no sorry not at you, i think it means to label something in a particular group
nevermind, ok cool, wish u good luck in ur trading endevour
cheers
cheers you too
I trade the 28 main currency pairs, which is plenty to find opportunities.
Recently, because the pairs charts are not trending very strongly, I have been trading the Dow (long only) as this has been trending so well and has been very low risk. I don’t like shorting the Dow so will go back to forex if the US stock market tanks for a while. But always following trends.
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yes its been a quiet week, greenback quiet, abit of a profit for the week so cant complain
do you look at commodities?
Yes maybe gold because the spreads are good, though gold moves in relation to the currencies and indices, it can then become very complicated if you have other trades open. changing the subject slightly at the beginning of the year i put a substantial amount of money on gasoline , the broker i used, i thought charged a ridiculous amount of night fees interestingly i put the same trade in the demo account the next day and the charge was less than 10 % of the real money account.I closed the trade and for a few months gasoline went on a strong bull trend
I found swing Trading strategy is quiet easy and working for my lifestyle.
I do work at a bank in day and have only sometime to check the charts in the evening. I only trade with moving averages and in higher time frames.
The risk and reward ratio is pretty good in this strategy and I am managing to win consistently.
Here is one of the good post on Swing Trading Strategies that work