How To Read A Simple Trend Forex Price Movements?

Here is a simple way to read the Forex price movement Tendency

SPECIFY YOUR TRADING TIME

In the forex market going support and demand (the bargain between buyer and seller), then make sure you enter the market (BUY/SELL order) at the right time. We recommend to perform the order when the market has been open hours. Please read the references the article when is the best time for Trading.

Like us to the market to buy vegetables vegetable, while the seller does not yet exist. If there is a person who offers a vegetable to you, it could be that's not real merchants. Don't get the "Wipsaw" (artificial price movement)

PLEASE SPECIFY THE TYPE OF YOUR TRADING

What is the Swing Trader, Day Trader or Scalp trader?

If you select a type Swing Trader who trade/open the position once a month, twicea month then you can use the Time Frame

Mayor MN-W1 and D1 confirmation entry/H4

If you choose to type a Day Trader is trading/open position once a week, then you can use the Time Frame the Medium W1-D1 and entry confirmation H4/H1

If you select a type Scalp Trader trading/open daily position then you can use the Time Frame Minor H1 and entry confirmation M15/M5

Detail information can be read the article Forex Trading Method based on the Timeframes.

To exercise case, will we take the H1 Time Frame trading and M15 for daily trading.

1. watch in H1

In every day there are only 3 kinds of price movement: Trend up, down and SIDEWAYS Trend (wavy)

2. Note the M15

If there has been: is there a PATTERN of CONSOLIDATION or REVERSAL PATTERNS

The pattern of consolidation, manandakan that price movements will still continue the TREND that happened before

Pattern reversal suggests will happen reversal of price movement

3. Now see in H1 price movements (chart) day yesterday and today

Remember that pergerakanh price from day to day are always closely related.

For example: the price of market opening day yesterday = lowest price the next day= opening price today.

For example: the highest price to date = yesterday's closing prices = opening price3 days ago

and so on ...

So we will be able to analyze the trend will occur TODAY or sideways alone. This willmake it easier for us to analyze the movement of the

the price.

4. find the lowest prices and the highest price

Look for the highest price and the lowest price in 1-2-3-4-5-6 or within a particularday yesterday-yesterday until today.

(The peak of the highest and lowest charts graphs)

5. make a line Fibonanci

Here's how: Click Fibonanci on the toolbar, hover over the chart on the highest price(where most high), press the left mouse button (not removable). It could also use the technique of calculating fibonacci retracement level.

Then pull down towards the lowest price (whichever is lower), off the mouse, then it will look fibonanci lines written on the far right (100-61.8-50 – 38,2-0) 50 Lines is called the PIVOT (PV)

6. Now take a look at the MA INDICATOR

If the current price is above MA, then the tendency of the price will go up, and if the current price is under MA, then the tendency of the price will go down.

7. But look at the Indicator Stochastic

When the indicator has entered the range 80 and 20 (up to 80 lines) or (under 20 lines), it means it has been going OVER (a saturated point of purchase or sale)

Wait until the indicator RSI and Stochastic is above line 20, then you can order BUY,or wait for the RSI and Stochastic indicators are below the line 80, then you can SELL order.

9. The last, remember Management Trading psychology

Do not be upset or afraid of price movement up and down ..... provided you have in accordance with trading systems, install Stop Loss and Take Profit, then shut your computer screen.

Usually we often can't stand looking at the ups and downs of prices, finally hands itch to want to merubah-rubah positions.

10. Most importantly, set risk management!

Use your capital for Open positions, not more than 10%.

Good luck with your simple way to read the Forex price movement Tendency

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