Forex trend sniper

The Authority’ on Forex trend sniper Action Trading. In 2016, Nial won the Million Dollar Trader Competition. Daily Trade Setups Newsletter – Click Here.

To be clear, trend analysis is only one part of the overall trading strategy I employ to enter and exit trades. It is never a good idea to enter a trade based on one factor alone, which is why I look for as much evidence as possible to confirm a trade. I am simply providing a set of filters and observations to identify the most obvious direction the market is likely to head. Also, the market may look like it’s trending in one direction, when in fact it’s actually trending in the other direction. This is because many markets experience short-term retracements, which tend to deceive traders. We will start with the simpler techniques and work our way to the more advanced techniques. The first thing to understand about trend identification is that it is not a perfect science.

I try to keep it as simple as possible and I start off by just visually observing a bare price action chart, with no indicators. If you ask different traders, you will hear different versions of what the current trend of a market is. Some will give you the short-term trend, some the long-term and some the mid-term. We can identify that using both short-term and long-term analysis, which begins by simply observing the charts. I like to ask myself, what is the chart looking like over the last year or two, 6 months and 3 months? That shows me the long-term, mid-term and short-term views, respectively. Doing this gives me a very clear idea of the overall chart direction moving from left to right.