Trend Trading is an indicator designed to profit as much as powerful forex trend indicator for mt4 from trends taking place in the market, by timing pullbacks and breakouts. It finds trading opportunities by analyzing what the price is doing during established trends.
Established trends offer dozens of trading opportunities, but most trend indicators neglect them completely! The Trend Trading indicator displays an average of 10 different trades per trend. The Trend Trading indicator is the perfect tool for trend followers because it not only tracks the trend, but also everything that happens during a trend, which allows it to offer many more trading opportunities that other indicators. A brief introduction Established trends offer dozens of trading opportunities, but most trend trading indicators neglect them completely, and leave the trader completely uninformed about what the market is doing during a trend!
The average trend indicator only informs about trend changes, but that is simply not enough to achieve exceptional returns. The Trend Trading indicator displays up to 20 times more trades than the average trending indicator, because it pays attention to what is known as market timing. It displays, not only the current market trend, but also pullbacks, breakouts of inside bars and corrections. It allows you to hop on a trend just after a retracement has taken place, pyramiding positions safely using breakouts of inside bars and also to find potential reversals, known as corrections. Novice trades should also avoid trying to exit the trade at the best possible point, and reduce the position management to a simple trailing stop using the main line of the indicator. Novice traders should stick to this position management strategy until they can pyramid positions comfortably. Novice traders should trade daily and weekly charts, to avoid wild volatility swings or paying outrageous brokerage commissions compared to the potential profits of their trades.
The market is pretty much like a video-game which has different levels. Novice traders should not trade H4 charts until they are constantly profitable in D1 and W1 charts. Understanding the trading setups The market evolves and revolves around different stages, with only one goal in mind: race up or down with as fewer participants as possible. The market will always retrace and try to stop you out, testing your stamina and discipline over and over again. This is why you need different trading setups: to react properly to what the market is doing. The key to profitable trading is adaptability. By learning four trading setups you will be able to trade any market in any stage without staying on the sidelines while the market is moving strongly.
The following graph illustrates all the trading setups and the different market stages where they take place. Trend Changes A trend change takes place when the market changes its direction. Trend changes are displayed on the chart using colored circles with a number one in it. Trend changes are not the result of evaluating recent price action, which means that the trading setup has no timing. Pullbacks Once a trend is in motion, the market shakes up and down as winning hands reap profits and other market participants get into the market.