Is it easy to master trends on major .
yea.it is possible
Hi festoh
The trend is your friend
Ensure you use a higher time frame when using this
e.g Daily/ 4 Hour
If you have a MT4/5 platform go to the daily chart and press the zoom out button a few times. This is the quick and simple method to establish the long moving trend, with all the waves and retracements included.
Simple price action strategy: three SMA, 30 - 50 - 100. They should all line up and follow when a trend market occurs. This is an ideal set up. If they’re a mixture of crossing overs it’s a range market, and not recommended to trade.
If price breaks the 100SMA don’t trade. The 50SMA is the key; when price breaks the line it’s a breakout signal, similarly with the 30 if price is within its range. Ideally, trades should be taken in line with the long term trend, not a retracement breakout - unless you know what you’re doing.
Hope that helps.
BTW US traders have a fixation for the ‘50’ whether it’s a trend or a price move. Keep your S/L away from a 50 point price level. If price moves to a 50% level from the last top or bottom on the EUR/USD it’s a reversal signal.
Yes it is possible. You just need to make a good strategy and follow it.
It is very important to find out actual price movement.