Price action refers to reading market structure, momentum, and sentiment to identify trading opportunities.
BEST CTRADER INDICATORS HOW TO
Trend Indicators #1: How to use Price Action and identify the direction of the trend Next, let’s look at the 5 trend indicators that work… Once you’ve defined your timeframe, focus on it 100% because the other timeframes are “noise” to your trading. Position traders are on the 4-hour timeframe and above.Swing traders are on the 1 – 4-hour timeframe.Day traders are on the 30minutes timeframe and below.This depends on your trading approach, whether you’re a day trader, swing trader, or position trader. “So Rayner, which timeframe should I use?” You can have two traders looking at the same market and one says it’s an uptrend, and the other, a downtrend - because they are looking at different timeframes.īefore you attempt to identify the direction of the trend, you must know your timeframe. I said the trend is an illusion.īecause you can manipulate the trend and see what you want to believe in.Ī trend is meaningless without knowing your timeframe. Then let’s begin… This is the most important thing before you can identify the direction of the trend (and it’s not an indicator) My personal method to identify and trade with the trend.How to use Channels to better time your entries & exits.How to use Moving Average to identify the strength of a trend.How to tell the direction of a trend without using candlestick chart.How to use price action and identify the direction of the trend.The most important thing you need before identifying the direction of the trend.Well, you’ll know the answer after reading this post because you’ll learn: However, it’s not as simple as it seems - even if you use trend indicators.īut when you go down to the hourly chart, it’s a downtrend.Īnd if you go down to the 5-minute chart, it’s chopping all over the place. “Hey Rayner, how do I identify the direction of the trend?” One of the most common questions I get from traders is this…
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