Five trading tips and techniques to identify trends.
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Trend Indicator #1
The first tool that you can use to help you identify the direction of the trend is a line chart. So for example, if you look at this, alright, this is a normal, typical candlestick chart. And for those of you who are seasoned, right, you might probably guess already that you know, hey, you know, the trend is towards the upside. But for newer traders who are struggling, right, to even see this, alright? You can use a line chart to help you better visualize it. Here's an example, right. This is the same line chart as you saw earlier. And because you're only focusing on the lines, right, the trend now becomes more apparent. So, if you're often, right, struggling to identify the direction of the trend, try changing it to a line chart, right, and it might help you see better, okay?
Trend Indicator #2
The second technique, right, that I want to share with you is price action, right? How you can use price action to identify the direction of the trend. And it's quite simple. What you're trying to do is to locate the swing-high and swing-lows in a market, because you know, in an uptrend, it consists of higher highs and higher lows. So in this example, you can see that you have a series of higher lows, higher lows, higher lows, higher lows, and higher lows. Right, so this tells you that the general trend is toward the upside. And vice versa, if you see, right, a series of lower highs, right, in this case, a series of lower highs, lower high, a lower high, a lower high, a lower high, it tells you that the trend is towards the downside, okay?
Trend Indicator #3
So the moving average is a simple indicator that pretty much sums up the historical price on the charts. So for example, a 200 period moving average takes the closing price over the last 200 candles, alright, and plop it as a line on your chart. So as you can see over here, right? This case, right, this black line over here, is the 200-period moving average. So a very simple technique that you can use is that if the price is above the 200 period moving average, then the longterm trend is up. Okay, let me repeat once more. If the price is above the 200 period moving average, then the longterm trend is up. So this means, right, you don't have to note it into account the swing-high and swing-lows in a market. So for example, in this case, you, at this point, right, you have a lower high over here, right?
Trend Indicator #4
The fourth thing that I want to share with you is what we call a trend line. So a trend line is something like support and resistance, but the only difference is that a trend line is diagonal. It's pointing towards a direction, okay? So you can see that a trend line, this case, right, tells you the direction of the trend as well, because if the trend line is pointing higher, it's slanting upwards, it tells you that the trend is towards the upside. And also, just like the moving average, right, the steepness of the trend, right, the steepness of it, the angle of it, tells you the strength of a trend. If you see a trend-right, that is very steep, right, almost parabolic, and it's telling you that the trend is really strong.
Trend Indicator #5
So, the trend line is another way that can help you identify the direction of the trend, and gauge the strength of it. And also, right, another variation of a trend line is what we call a trend channel. Right, so a trend channel is like a trend line. The only difference is, right, and you have this upward boundary over here. So if you remove this upward boundary, this is just a typical trend line that you see. Alright, but now with this upward boundary, it gives you a cap, right, to tell you where the price, where the market may potentially find resistance.
SUBSCRIBE: https://bit.ly/2MsGjRR
If you want more actionable trading tips and strategies, go to https://www.tradingwithrayner.com
FOLLOW ME AT:
Facebook: https://www.facebook.com/groups/forextradingwithrayner
Twitter: http://www.twitter.com/rayner_teo
My YouTube channel: http://bit.ly/2EFg5VN
Trend Indicator #1
The first tool that you can use to help you identify the direction of the trend is a line chart. So for example, if you look at this, alright, this is a normal, typical candlestick chart. And for those of you who are seasoned, right, you might probably guess already that you know, hey, you know, the trend is towards the upside. But for newer traders who are struggling, right, to even see this, alright? You can use a line chart to help you better visualize it. Here's an example, right. This is the same line chart as you saw earlier. And because you're only focusing on the lines, right, the trend now becomes more apparent. So, if you're often, right, struggling to identify the direction of the trend, try changing it to a line chart, right, and it might help you see better, okay?
Trend Indicator #2
The second technique, right, that I want to share with you is price action, right? How you can use price action to identify the direction of the trend. And it's quite simple. What you're trying to do is to locate the swing-high and swing-lows in a market, because you know, in an uptrend, it consists of higher highs and higher lows. So in this example, you can see that you have a series of higher lows, higher lows, higher lows, higher lows, and higher lows. Right, so this tells you that the general trend is toward the upside. And vice versa, if you see, right, a series of lower highs, right, in this case, a series of lower highs, lower high, a lower high, a lower high, a lower high, it tells you that the trend is towards the downside, okay?
Trend Indicator #3
So the moving average is a simple indicator that pretty much sums up the historical price on the charts. So for example, a 200 period moving average takes the closing price over the last 200 candles, alright, and plop it as a line on your chart. So as you can see over here, right? This case, right, this black line over here, is the 200-period moving average. So a very simple technique that you can use is that if the price is above the 200 period moving average, then the longterm trend is up. Okay, let me repeat once more. If the price is above the 200 period moving average, then the longterm trend is up. So this means, right, you don't have to note it into account the swing-high and swing-lows in a market. So for example, in this case, you, at this point, right, you have a lower high over here, right?
Trend Indicator #4
The fourth thing that I want to share with you is what we call a trend line. So a trend line is something like support and resistance, but the only difference is that a trend line is diagonal. It's pointing towards a direction, okay? So you can see that a trend line, this case, right, tells you the direction of the trend as well, because if the trend line is pointing higher, it's slanting upwards, it tells you that the trend is towards the upside. And also, just like the moving average, right, the steepness of the trend, right, the steepness of it, the angle of it, tells you the strength of a trend. If you see a trend-right, that is very steep, right, almost parabolic, and it's telling you that the trend is really strong.
Trend Indicator #5
So, the trend line is another way that can help you identify the direction of the trend, and gauge the strength of it. And also, right, another variation of a trend line is what we call a trend channel. Right, so a trend channel is like a trend line. The only difference is, right, and you have this upward boundary over here. So if you remove this upward boundary, this is just a typical trend line that you see. Alright, but now with this upward boundary, it gives you a cap, right, to tell you where the price, where the market may potentially find resistance.
Thanks for the information you are the best
Got new learnings as always❤
Good like always
how come you have never done a real trade.
interesting points ,if anyone else wants to learn about most reliable trading indicator try Franaar Unrevealed Strategies Formula (just google it )?
It is a smashing one of a kind product for increasing your trading skills and cashflow without the headache. Ive heard some great things about it and my friend got amazing success with it.
Great Informative 💖
I respect him for creating content etc., but this is not the right title and those "indicators" are very subjective and those advices are too general. Forex trading is all about strict entries and those "channels" would get 100 people into different entry points.
Useless
your voice is tooooo ugly
The only one of these that are actually indicators are the moving average. This ridiculous
What indicators?
Thanks for wasting my live time you not at all presented one indicator you shut delet this Video!
Man that intro had me in tears for 10 minutes lmao
Thanks Rayner for the video, just wanted to know if you have a video specifically made for moving average, on how to use it and like everything about it. Thanks
What is the best forex indicator available today?
Appreciated
Hi!what is the best site for forex trading?
The moving everage,100,50 and 20. Using Simple MA or Exponential MA?
Indicators should not be in the title
You provide so much value. Thank you!
Keep up the good work Rayner i get so much knowledge from you each time i watch you video.
Hi. one of the indicator to define the Higher high and higher low is Zig Zag Line. Zig Zag line is very useful in Forex trading as well.
Thanks Rayner. I have been trying to download your guides but have been failing
RAYNER, GOOD PRESENTATION
Sure video Rayner, with good information to brushing up on basics…
Thanks Rayner!
Thanks bro.great video
very well expained
Rayner, I guess you're the only mentor that I'll ever have on my trading journey. I do wish you still continue to leverage your successes. It was really nice meeting a guy like you. I'll still be a spectator and just gonna be around. Take care of yourself. "Balance is Key"
How if I use it to stock?