et_phonehome_2 Posted July 25, 2009 Report Share Posted July 25, 2009 Does anyone know how to tell if a market is trading sideways [or in consolidation] instead of after the fact? I see too many postings that talks about it when it happened, but nothing that can identify while trading live. Even a pair bouncing 200 PIPs between support and resistance is considered a sideways market, but that is a lot of PIPs to watch passing you by.... Quote Link to comment Share on other sites More sharing options...
matforex Posted July 25, 2009 Report Share Posted July 25, 2009 Re: How Detrmine if Market is Trading Sideways? Almost trending market during London session and sideway session during asian session. There are too many factors influence the market. I used MA 21, 50 and 200 to determine the trending session and use bolinger band and stochastic when I trade during consolidation session. Hope this can help Quote Link to comment Share on other sites More sharing options...
posterx Posted July 27, 2009 Report Share Posted July 27, 2009 Re: How Detrmine if Market is Trading Sideways? If you use Moving Averages, they will be flat. Also, ADX will be below 20. At times, a higher time frame can help as well. Quote Link to comment Share on other sites More sharing options...
paraddesh Posted July 27, 2009 Report Share Posted July 27, 2009 Re: How Detrmine if Market is Trading Sideways? hmm not satisfied answer Quote Link to comment Share on other sites More sharing options...
ryaz Posted July 27, 2009 Report Share Posted July 27, 2009 Re: How Detrmine if Market is Trading Sideways? Does anyone know how to tell if a market is trading sideways [or in consolidation] instead of after the fact? ... If someone knows it before the fact then he's an oracle, and if he can tell if it's ranging sure as hell he can tell if it's trending before the fact. Mate that's trading you take your chances. regards Quote Ad augusta per angusta Link to comment Share on other sites More sharing options...
⭐ liamsi Posted July 28, 2009 Report Share Posted July 28, 2009 Re: How Detrmine if Market is Trading Sideways? try this when prices between narrow support and resitance Quote Link to comment Share on other sites More sharing options...
finimej Posted July 28, 2009 Report Share Posted July 28, 2009 Re: How Detrmine if Market is Trading Sideways? check out the candlestick that on your bar chart. if the last 2 candel bar close price is in the range of the last third candlebar, then it is consolidating. the size of candelstick is also telling you something. If it comes large candlebar, much biger than the bars before, then there is going to have a break out. Quote Link to comment Share on other sites More sharing options...
et_phonehome_2 Posted July 28, 2009 Author Report Share Posted July 28, 2009 Re: How Detrmine if Market is Trading Sideways? check out the candlestick that on your bar chart. if the last 2 candel bar close price is in the range of the last third candlebar, then it is consolidating. the size of candelstick is also telling you something. If it comes large candlebar, much biger than the bars before, then there is going to have a break out. Does it matter which timeframe one looks at? Quote Link to comment Share on other sites More sharing options...
finimej Posted July 30, 2009 Report Share Posted July 30, 2009 Re: How Detrmine if Market is Trading Sideways? it does not matter which timeframe one looks at. Quote Link to comment Share on other sites More sharing options...
chichicha Posted July 30, 2009 Report Share Posted July 30, 2009 Re: How Detrmine if Market is Trading Sideways? it does not matter which timeframe one looks at. finimej, you spelt me out =D> When you see H1 moving sideway, it might trending in M30 or M15. When you see M30 moving sideway, it might trending in M15 or M5. When you see M1 moving sideway, it might trending in S1(not support, but seconds timeframe) Train up your eye plus recent support and resistance level to help you. When a building is on fire, you have to be quick to find your escape way before you get burnt. Quote Link to comment Share on other sites More sharing options...
keifer Posted August 3, 2009 Report Share Posted August 3, 2009 Re: How Detrmine if Market is Trading Sideways? Just follow the price action. In the example of an uptrend, price will fail to make a new swing high (bar preceded and succeeded by lower highs). Price then makes a lower low followed by another run at the high which will either be a double top or a lower high. Price then makes a equal low or a higher low. At this stage you can see the price is within a range. A more basic definition of a range is a double touch of the highs and lows. Quote Link to comment Share on other sites More sharing options...
smartpoint Posted August 3, 2009 Report Share Posted August 3, 2009 Re: How Detrmine if Market is Trading Sideways? Does any indicator can determine market is sideways? Quote Link to comment Share on other sites More sharing options...
sutanto Posted August 3, 2009 Report Share Posted August 3, 2009 Re: How Detrmine if Market is Trading Sideways? try alligator...the more it sleeps,the more it will trending hard Quote Link to comment Share on other sites More sharing options...
capricorn7 Posted September 23, 2009 Report Share Posted September 23, 2009 Re: How Detrmine if Market is Trading Sideways? Does any indicator can determine market is sideways? Try the Keltner channel: centerline = sma(C,15) top_line = centerline + factor * atr(15) bottom_line = centerline - factor * atr(15) factor =1.2 is good factor =1 is ok when the keltner channel is horizontal and price fluctuates inside the channel, then the market moves sideways. :-bd Quote Link to comment Share on other sites More sharing options...
⭐ Gambler67 Posted October 9, 2009 Report Share Posted October 9, 2009 Re: How Detrmine if Market is Trading Sideways? try the keltner and bollinger bands together. when the bands burst out of candle, trends begin most of the time Quote Link to comment Share on other sites More sharing options...
thesecret Posted October 10, 2009 Report Share Posted October 10, 2009 Re: How Detrmine if Market is Trading Sideways? Best two indis for this are right and left from your nose. ;) Quote Link to comment Share on other sites More sharing options...
eqqismar Posted October 10, 2009 Report Share Posted October 10, 2009 Re: How Detrmine if Market is Trading Sideways? Before London session I always check ADX(21) on H1, if the ADX is lower than 20, i consider that a non-trending market and I skip the session. If the ADX is greater than 20, then I check the M15 chart to see the direction of SMA 50 (up or down). Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.