Currency Markets

[victor]

I am still struggling with the basic identification of trends within trends in the currency markets.. Can someone assist ?

 

[Buk]

:?: :?: more than likely yes!!.....if we actually had some idea as to where you're coming from

 

[Poens]

Look at www.forexsupport.net for a very simple analysis on trends, real basic stuff and very easy to understand. They typically look at a large trend and identify the smaller trends within that, to identify a high probability environment.

 

[c6ackp]

Victor

One simple way to identify the trend is to use a simple moving average, say 20 periods. Then focus on the moving average line instead of the price bars, as the price bars can often be misleading due to fast moves, noise, etc. Also, look for higher highs or lower lows to confirm the trend.

All the best
Steve