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Write commentsLet me explain the basic principle how most Forex systems work. They are tuned up to work in a specific market condition. They often make money in a trending
Replymarket, but loose money in a choppy market. It is not a problem as long as the market is trending and the system is making more money than it loses. Such a
system can be profitable for several months and you would be happy with it. BUT...
PREPARE FOR THE WORST...
Market change over time. A well designed system starts with trend analysis to stay away from potentially losing trades. There are two problems of how a Forex
system recognizes the trend.
PROBLEM: FALSE "STRONG TREND" INDICATION.
The system responds only to immediate price action. An explosive price movement that is usually the result of news release is tempting people to jump in and
make a profit. It looks like a "strong trend", but what usually happens next is a hard fall.
To avoid falling into this trap, check for the SOLUTION to find a REAL trend:
==> http://www.forextrendy.com?nsjjd92834
SECOND PROBLEM: TREND RELIABILITY
Most systems use various indicators to determine the trend. Actually, there is nothing bad about using indicators. One Simply Moving Average can do the job.
The problem comes with the question: "Is the market trending NOW?" Whether the market is trending or not trending is not like black and white. The correct
question is: "How well the market is trending?"
And here we have something called TREND RELIABILITY.
Trends exist and they can be traded up and down for a profit. You have to focus only on the most reliable market trends. "Forex Trendy" is a software
solution to find the BEST trending currency pairs, time frames and compute the trend reliability for each Forex chart:
==> http://www.forextrendy.com?nsjjd92834
Let me explain the basic principle how most Forex systems work. They are tuned
Replyup to work in a specific market condition. They often make money in a trending
market, but loose money in a choppy market. It is not a problem as long as the
market is trending and the system is making more money than it loses. Such a
system can be profitable for several months and you would be happy with it. BUT...
PREPARE FOR THE WORST...
Market change over time. A well designed system starts with trend analysis to
stay away from potentially losing trades. There are two problems of how a Forex
system recognizes the trend.
PROBLEM: FALSE "STRONG TREND" INDICATION.
The system responds only to immediate price action. An explosive price
movement that is usually the result of news release is tempting people to jump in
and make a profit. It looks like a "strong trend", but what usually happens next is a
hard fall.
To avoid falling into this trap, check for the SOLUTION to find a REAL trend:
==> http://www.forextrendy.com?nsjjd92834
SECOND PROBLEM: TREND RELIABILITY
Most systems use various indicators to determine the trend. Actually, there is
nothing bad about using indicators. One Simply Moving Average can do the job.
The problem comes with the question: "Is the market trending NOW?" Whether the
market is trending or not trending is not like black and white. The correct question
is: "How well the market is trending?"
And here we have something called TREND RELIABILITY.
Trends exist and they can be traded up and down for a profit. You have to focus
only on the most reliable market trends. "Forex Trendy" is a software solution to
find the BEST trending currency pairs, time frames and compute the trend
reliability for each Forex chart:
==> http://www.forextrendy.com?nsjjd92834
I encourage you to read this text it is fun described ... forex signals provider
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