Hi all,
This is my first post here on newbie island. Good to know this forum being supportive to new guys who just started forex trading.
I got a question in mind, how does most of you (new traders and experienced traders) read the market if it is trending down, up, or perhaps sideway from a Daily Chart? what sort of indicators do you use to determine your trading direction?
Thank you all.
I would advise you to start reading the Charts on a daily basis. That will give correct trading setups if you are able to relate with the different time frames.
In the starting you must be using the M15 amd H1 charts and then see if the markets have started the trends already will be clearly visible 
Welcome…
I’ve been testing a trading method that only uses price action and it has been working well. Going forward, I’m only going to be trading price action. I want to find the areas where people are decisive buyers or sellers.
Personally, a lot of my trading is PA on the Daily chart. In your position, I would try drawing some horizontal levels of Support and Resistance on your chart at key points where Price interacts, do that for a few old charts and see how Price moved forwards.
Some people overlay that with RSI or something similar to look for divergence, but personally I think that Price Action, Support and Resistance are all you need. I started out throwing levels on the chart and took it from there.
Generally, I think that if you have to look too hard for a setup then it isn’t really a great setup. PA, S&R, trade the obvious setups and you’re just about there. Sounds easy when I say it fast lol.
ST
Here is a real easy way I picked up from reading Tess & company’s “Technical Templates” threads.
Use the previous week’s high / low as a gauge.
If the price is printing or has printed higher than the previous week high, it’s an up trend, if lower than previous week it’s a down trend. I also have a line at the 50% level between the previous week H/L levels, if the market has been in an up trend and drops and stays below the 50% line I might change my trend bias from long to short.
It’s not rocket science but it seems to work pretty well. 
PS if you use MT4 throw up three Multi time frame moving averages. Set them for weekly 1-ma high, low & median all shifted forward one week, you’ll see how nicely they identify the trend.