Mastering trends on forex

Is it easy to master trends on major .

yea.it is possible

Hi festoh

The trend is your friend :wink:

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.

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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.