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  1. #1
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    Best Method / Indicator to determine current trend

    Hi

    I know it depends on trading style, timeframe etc, but what is your best method of determining trend, and on what timeframe...

    i.e. on the hourly timeframe, it is "generally accepted" that being above the MA21 with it sloping up is a good indicator of an uptrend...

    but how do you determine it?

  2. #2
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    Forget all the bullshit which is on the internet....................my advice never trade 1 hour chart because the drawdown is huge.................stick to 15 minutes

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  4. #3
    Silver Member Array Jay007's Avatar
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    Hi..I would recommend you the following
    For intra day style of trading..put two MA's one with 1 and other with 3, typical price i.e. high+low+close/3 on the daily chart, if past one day pivot is low from 3 day pivot, its down trend and vice versa..the method was described in john person's book and i find it very useful for intraday
    Thanks,
    Jay
    Quote Originally Posted by sidecona View Post
    Hi

    I know it depends on trading style, timeframe etc, but what is your best method of determining trend, and on what timeframe...

    i.e. on the hourly timeframe, it is "generally accepted" that being above the MA21 with it sloping up is a good indicator of an uptrend...

    but how do you determine it?

  5. The Following 2 Users Say Thank You to Jay007 For This Useful Post:


  6. #4
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    s, for initial /new trader don't take 1 hour bar trade,if ur entry fail u will give huge amount to market so that take 15 min for trade/practice while u understand the market after that take 1 hour bar,it will give huge profit..
    happy trading..

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