Home Trading Strategies How to Identify Trends Like a Pro (Never be Guessing Again)

How to Identify Trends Like a Pro (Never be Guessing Again)

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How to Identify Trends Like a Pro (Never be Guessing Again)

hey hey what’s up my friend so in today’s episode I want to talk about how to identify trends like a pro so I remember right in my early years of trading and in their first year of trading where I just started trading Forex right it is really cool right this this market you can trade across so many time for him sort of five minutes fifteen minutes thirty minutes for our daily weekly etcetera so here I was right in front of my terminal trading the forex market so I was on a five minutes time frame and I noticed that the market is in an uptrend so in an uptrend I should be buying right so that’s why I decided to tell it to you know just to stick a little bit of additional confirmation so I click on the daily timeframe and see you know to make sure that the trend is you know similar and I was shocked when I saw the daily timeframe is in a downtrend so this was one of my first experiences are in trying to trade with the trend it’s like the five minutes timeframe is in an uptrend the daily is in a downtrend so should I be buying or should I be selling so I was confused or I really confused for for the longest period of time right you’re trying to define the train trying to use multiple time frame analysis and stuff like that so in today’s video I just want to share with you this simple technique right to help you identify the trend so you don’t get confused like me back then number one you want to define your trading time frame okay so here’s the thing right if you are let’s say a longer-term trader right you’re trading off the daily timeframe then you want to define the trend on the daily timeframe this means right if the trend on the five minutes timeframe the 30 minutes timeframe the one hour timeframe it’s irrelevant to you it’s noise to you because it is not within your training trading time frame so again let’s say you’re a short-term trader you trade off the 15 minutes timeframe this means the higher time frame like the daily the weekly the monthly right it won’t be relevant to you because you are primarily a short-term trader you are just trading the trend which is happening right now whatever the long-term trend is right is none of your concerns because by the time right you would have entered and exited that trade many times so first thing you need to do is to define your trading time frame that’s one number two once you’ve defined your trading time frame let’s say I am trading off the daily timeframe then on your daily timeframe you want to have you want to always be having the same number of bass on your chat so for me personally right I usually have right about 300 bars on my chat right so I was room up the chats a little bit and there will be about 300 candles on a chat and you want to be consistent with this reason being is that let’s say some time you you have like you know 50 bars on your chart and sometimes you have 200 bars on your chart what’s gonna happen is that you will see different types of trend because I’m sure you can agree if you have only 50 bars on your chart it will show you a different message compared to you having 200 bars on the chart right one will show you the big picture and one will just show you the tiny micro vision of what’s going on right now so when you identify the trend right my recommendation is to have at least 200 bars on your chart to kind of know give you an idea of the but I see but ice view of what’s going on in the market so at least 200 bars on a chart and be consistent with the number of pars on your chart okay that’s number two number three once you have done you know defining your trading time frame once you have a consistent set of a number of bars and your chapter 13 to do is just to look at the price action and ask yourself where is the price making a series of higher highs and higher lows or is it making a series of lower highs and lower lows or is it just contained within the range so for example if you see that the market is making a series of higher highs and lows then you can you know conclude that on this particular time frame like the daily time frame the trend is up and you want to be buying or if you see if the market right in the range right the highs and lows they are pretty much of equal area around the same level then you can conclude that this market on this time frame it’s in a range and you can either buy or sell this way right if you follow this technique right you will never get confused right to whether you should be buying or selling ever again right so just a quick recap number one define your trading time frame number to have similar number of bars on your chart each and every time my recommendation is at least you know 200 bars and I’m a trigger I just observe the price action is it hitting up higher over time lower over time or is it in a range simple so with that said I have come towards the end of today’s episode if you’ve enjoyed it hit that thumbs up button subscribe to my youtube channel the link button is all below and I will talk do you soon you

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