trend following strategy reddit forex

in hopes of gaming traffic or promoting your work, thus leads us to rule #2 below. Where should I do that? This strategy was fully outlined in the article Short-Term Momentum Scalping in the Forex Market. Price and price alone is often enough to show traders what they need to see to decide when and how they want to enter trades in the direction of the trend. Abusive posters will be banned. If the distance between the two moving average lines grows, it means that the trend is gaining momentum, and if the distance between them shrinks, the trend is losing momentum. Which one should you use? Another thing we often see in strong bullish trends in that the pullback is not really a pullback, but rather a sideways consolidation of the price. Experimentation is also fine, but instead of trying to learn how to use lots of different indicators, a better strategy is generally to use a few and become an expert at them. Also - be aware that r/ forex is not your trading journal. ST: Go as far as the trend goes, then stop. A higher high is the highest swing price point on a chart and must be higher than all previous swing high points.

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Trend following is not a short-term method, and patience and determination are as important as correct analysis as a result. A stop-loss order can be placed a short distance above or below the trend line, whether it is provided by the moving average, or a simple line drawn on the chart. This is a non-threatening way that traders can look to avoid The Number One Mistake that FX Traders Make. The purpose of this strategy is to focus on underlying price dynamics by stripping out volatility and short term movements, and there is little logic to realizing profits in response to fluctuations which are irrelevant to the main action of the trend. And to take technical analysis a step further when designing a trend -trading approach, many traders will look to utilize multiple time frame analysis in order to get multiple looks at a trending market. We welcome the occasional meme, especially on weekends while waiting for the market to open, but if your account is shitposting a few times a day we might find that disruptive.

trend following strategy reddit forex