Forex Zone - Forex Forum

Finding the Strongest and Weakest Trend

Discussion started on Forex Education

  • Hero Member
  • Posts: 9575
  • Points: 59
  • Likes Received: 728
  • Reputation: +10/-20
There is a very simple formula for identifying the strongest and weakest currencies. Once you can identify, you are expected to find profitable entries in the direction of the dominant trend. What you need to know is that the only difference between traders is that traders who can follow trends can hold positions longer while traders who wait for a reversal.
After being able to identify the strongest and weakest currencies, you are expected to find profitable entries in the direction of the dominant trend. What you need to know, what distinguishes a successful trader from a failed trader is basically his patience. There are traders who can follow the trend to hold positions longer and there are also traders who are waiting for a reversal usually very risky of failure. Why do people of the type waiting for a reversal have the potential to get trading losses? Because trends tend to move in a longer direction than most people think.
To be able to identify the strongest and weakest pairs, you need to do an analysis. Add fractals and CCI to the chart to find entries or look for breakout points.Method of Analysis Place a moving average on a currency pair, preferably on an hourly chart or even greater. It is recommended to use Excel or a piece of paper to note which areas are the strongest or weakest. This will make it easier for you to take the strongest and look for entries against the weak. If you use a 4-hour chart, you will place a large moving average. For example using EURJPY for a period of 200, you will see a strong pair given EUR and a weak sign for JPY.
You can use several methods. The method that can be used is to implement a breakout strategy. In addition to using the breakout strategy, you can also apply the CCI Fractal strategy. Everything in these methods serves to provide the correct way to execute entries when we know which areas are strong and which pairs are weak.

Linkback: https://www.forex.zone/forex-education/29/finding-the-strongest-and-weakest-trend/2887/
#1 - November 26, 2019, 10:57:11 PM

  • Newbie
  • Posts: 11
  • Points: 0
  • Likes Received: 2
  • Reputation: +0/-0
Thank you for the advice given. I will try this way to achieve consistent profits
#2 - November 26, 2019, 11:10:50 PM

  • Jr. Member
  • Posts: 79
  • Points: 0
  • Likes Received: 13
  • Reputation: +2/-1
To see strong and weak trends is actually very simple, just look at the daily Candle Stick
#3 - November 27, 2019, 10:50:22 PM

  • Hero Member
  • Posts: 1048
  • Points: 5674
  • Likes Received: 111
  • Reputation: +4/-0
I don't like using fractal or CCI indicators and have never used them, but to find or identify a trend I just use pivot or fibo and one confirmatory indicator, stochastic. But it seems that the method you are using is also quite accurate if you already have experience using it repeatedly.
#4 - November 28, 2019, 06:39:28 AM

  • Full Member
  • Posts: 159
  • Points: 311
  • Likes Received: 7
  • Reputation: +0/-0
although I rarely use CCI and fractal indicators, but this strategy seems worth a try because to my knowledge the fractal and CCi indicators are indeed suitable for identifying the strength of a trend.
#5 - March 02, 2020, 04:42:57 PM

  • Jr. Member
  • Posts: 56
  • Points: 262
  • Likes Received: 1
  • Reputation: +0/-0
a trend does have its own strength so we should be able to identify the strength of a trend and usually can use trend indicators or volume.
#6 - March 04, 2020, 04:24:55 PM

  • Hero Member
  • Posts: 850
  • Points: 0
  • Likes Received: 97
  • Reputation: +2/-2
The use of fractals and CCI to graph to find entries or find a breakout point is pretty good, I haven't memorized this system very well but after explaining from you at least I started to understand about solutions to weak vs strong trends.
#7 - March 10, 2020, 12:29:18 PM

  • Full Member
  • Posts: 180
  • Points: 299
  • Likes Received: 6
  • Reputation: +1/-0
to be able to find a strong trend or not then you can use a volume indicator or a special indicator to identify the strength of a trend or can also use currency correlation.
#8 - March 10, 2020, 07:29:34 PM

  • Full Member
  • Posts: 168
  • Points: 725
  • Likes Received: 3
  • Reputation: +1/-0
finding the strength of a trend will help us determine whether the trend will continue or as a sign of reversal. A strong trend means that if the trend will continue otherwise the trend is weak then it is possible to reverse.
#9 - March 12, 2020, 06:44:45 PM

  • Hero Member
  • Posts: 701
  • Points: 5910
  • Likes Received: 39
  • Reputation: +1/-1
I rarely use fractal, but have learned it. Fractal and CCI are powerful enough to determine the strength of a trend, but I also have a good recommendation for determining the strength of a trend with volume indicators.
#10 - March 16, 2020, 06:50:34 AM

  • Hero Member
  • Posts: 850
  • Points: 0
  • Likes Received: 97
  • Reputation: +2/-2
finding the strength of a trend will help us determine whether the trend will continue or as a sign of reversal. A strong trend means that if the trend will continue otherwise the trend is weak then it is possible to reverse.
Yes it also requires analysis sir, a good calculation with the positioning method. so that you can place an order correctly.
#11 - March 16, 2020, 08:20:30 AM

  • Sr. Member
  • Posts: 250
  • Points: 396
  • Likes Received: 9
  • Reputation: +0/-0
the strength of a trend can be determined by knowing the character of the trend itself and can use several suitable trend indicators, for example CCI indicators or other indicators that you have mentioned.
#12 - March 17, 2020, 05:57:34 PM

  • Full Member
  • Posts: 155
  • Points: 347
  • Likes Received: 4
  • Reputation: +0/-0
the strength of a trend is quite important to be identified because it will indicate the direction of the next trend, whether the trend will continue or reversal.
#13 - March 18, 2020, 09:28:46 AM

  • Jr. Member
  • Posts: 78
  • Points: 4549
  • Likes Received: 3
  • Reputation: +0/-0
strong trends can be a reference for our next transaction because by identifying the strongest or weakest trends we can boldly determine entry based on the continuity or reversal of the trend.
#14 - March 21, 2020, 10:05:45 AM

  • Hero Member
  • Posts: 810
  • Points: 0
  • Likes Received: 120
  • Reputation: +3/-0
Knowing the trend is expected to find profitable and correct entries in the direction of the dominant trend.
determine with fractals and CCI to the graph to find a good entry.
#15 - May 12, 2020, 04:31:35 PM

Members:

0 Members and 1 Guest are viewing this topic.