This discussion has the sole purpose of gathering, the methods that we use to identify the beginning and the end of the trend.
I hope in your cooperation.
I hope in your cooperation.
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DislikedWatch at this red lines, are you seeing something in common between them?Ignored
QuoteDislikedcan you explain now, after i have drawn the red line, why the pullback was there?
DislikedIf you want to say to say after the fact, "that was the start of the trend, and that was the end of the trend", then drawing lines on charts is a good way to do it. Higher high and higher lows = an uptrend, but as mentioned above... you only know that after it's happened.Ignored
DislikedIs that an hourly chart? Try extending some lines off to the right of the chart, then come back in two or three days and see if price respects them with anything more than 50% accuracy.Ignored
DislikedI'm a rookie. It's just that you're asking "what analysis do I do before entering the market". Babypips is awesome as it has hours and hours of information to answer that question. I don't even know where to start answering such a broad question (maybe someone else on here has the time, not sure?).Ignored