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WHAT IS 'OsMA'
Another entry will come around Additionally, entering off a pullback provides a solid place to put a stop-loss. Generally speaking, there is trades per pair everyday. I trade eight pairs including: Essentially, I am looking for the best trade opportunities in the strongest trends. I am not trying to trade every pair, every day unless it's one of those days. After a while using this method you can begin to anticipate trades and develop a trade plan. If you know the H4 is trending down, the H1 is beginning to peak, and M30 is already decreasing, while price is running into resistance resistance line, pivot, MA, etc..
May 13, , 5: Make sure you are using Multiple Time Frames, this is how I have each pair setup: It is very important to know what type of trader you are, I can not trade M1, M5, M15 charts trust me, I've tried.
IMO, it's just noise. While the M30 charts are not the most traded TF out there, it does give me an earlier entry than the H1. My screen is always setup with two charts for the same pair. May 14, , 4: Here is a possible live trade setup: Counter-trend trades are certainly not my favorite flavor, especially when it means buying the Euro in these recent market conditions.
If you are interested in this trade I would not get too greedy and pay attention to the 1. May 14, , 6: It illustrates where an initial stop-loss would be placed and then how I manage my position and take profits: May 14, , 7: We got a triple-touch at H4 is trending downward, H1 is peaking, and M30 is coming down. The line in the sand has been drawn May 14, , 8: Hi Sobe, Welcome to T2W! I'm not a Forex trader and I'm not familiar with the OsMA, but your opening clutch of posts are well explained and the thread looks set to be an excellent contribution to the forum.
Pay attention to how the exhaustion principle helps technical indicators signal trend reversals when abrupt value changes coincide with high trading volume. Experienced investors debate which one—fundamental or technical—provides higher returns. Fundamental analysis and technical analysis, the major schools of thought when it comes to approaching the markets, are at Take a look at some commonly used momentum oscillators that can also be used for intraday trading, such as stochastic oscillators Utilize additional technical indicators to complement and improve a basic trading strategy that relies on exponential moving Understand the basics of the stochastic oscillator and how analysts and traders use this measure of trend momentum to predicts The only difference between simple moving average and an exponential moving average is the sensitivity each one shows to This is where trend-following tools come into play.
Many people misunderstand the purpose of trend-following tools and try to use them as separate trading systems. While this is possible, the real purpose of a trend-following tool is to suggest whether you should be looking to enter a long position or a short position.
This way you pick the best trending pair and time frame at the current time. The system is running on our powerful computers, so you have nothing to download and install. Get it on the link below: Which platform to use with this software? You can use any trading platform! How many currency pairs does Forex Trendy scan? It scans 34 Forex pairs on 9 time frames from 1-minute to monthly.
What method is used to determine the trend? The trend reliability is determined by the "Trend Drawdown" - a method that uses no indicators, but pure price action. This method is explained in the ebook you will get in the subscription.
Which configuration do I need? Does it work on mobile devices? Yes, it has been tested on several mobile devices and browsers. I am very impressed with such a simple and effective approach. I am not a tech guy and I am amazed how it works online without anything to install I just log in two times a day and check for any interesting pairs. I am also interested in pattern recognition, I haven't tried it yet, but it looks amazing!
Another one that gives back much more than he receives. The real value for such a low price is rare in the forex industry. I am going to share with you one very simple strategy based on a strong and easily noticeable candlestick pattern. They call it "Lucky Spike". Everyone can learn it, use it and make money with it.
There are traders who make a living trading just this pattern. Just check out this ebook I am giving you for free: Super-signals v2 indicator download Super-signals v2 indicator A very simple indicator.
Super-signals v2 indicator Based on the well-kn MACD and Stochastic trading strategy. Ask any technical trader and he or she will tell you that the right indicator is needed to effectively determine the change of course in the Best Forex Indicator Combination.