Hi, I am a self-taught trader and i've been trading profitably for a few months with binary options, but my strategies are limited to the range market only because it's the only one whose boundaries I can delimit. I would also like to enter the trend market but often when I approach it i find its end almost immediately and my investment ends up at a loss. In my strategy i use a multi timeframe analysis to understand the direction of movements after the range market, together with the standard deviation which helps me understand if the market is in a range or trend. I have tried different approaches and tricks to identify the end of the trend such as channels, trend line, reversal patterns, volumes, but the most useful is the price action why not lagging, basically I mark on my mt5 chart with a horizontal line the support or resistance that has been broken through by a trend (obviously I know how to recognize fake outs) and I look for the first empty bounce of the price in the direction of the trend, but this approach is very difficult to implement, very discretionary and every time it takes me a lot of time because I have to look for it in the graph history and if prices are making new lows or highs I no longer know where to look. Hence my question: is there a technical analysis signal or non-lagging indication that lets me understand where the trends end? For example "trends work at high volumes and end when they go down" (I tried this too but it doesn't work). Thank you so much just for reading my papyrus.
How does the end of a trend work and how is its precise level found?
nine
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Not in my opinion.
If you gain by trading in trend direction you'll probably develop levels of certainty. Suspect. Worth trading against. Wrong so get back on. Etc.
I like wave counts, swing breaks and trendline breaks with some confirmation but you'll need to find what speaks to you.
If you gain by trading in trend direction you'll probably develop levels of certainty. Suspect. Worth trading against. Wrong so get back on. Etc.
I like wave counts, swing breaks and trendline breaks with some confirmation but you'll need to find what speaks to you.
I trade on the lateral market and the "underlying trend" that I look at can be another lateral phase, in short I use the levels of the two lateral timeframes to open a position and I use bolinger to help me identify the price levels. When I don't have a lateral phase as a "background trend" but I have a real trend, I never know when it's over to open a trade. In short, it bothers me to wait for the lateral and I would like to improve myself by understanding where they end. Now that Bollinger doesn't help me because I'm going to look for the end-of-trend levels in the graph history, I'm in a bit of a crisis because it's like looking for a needle in a haystack.
I am very aware of the risk of going against the trend due to the volatility that goes against you, but with a little forethought you can often manage it, I repeat, I do binary options and I only need one pip in my time frame to earn.
