Now all markets are different and I spend a good amount of time acquiring sore eyes and a tired brain trying to figure out how a market moves in order to predict future movements. So with this said unfortunately I have not quite hacked this market yet however there is a very good tool you can use to keep an eye on most markets to know when to get into bull or bear side of a trade.
I did not hide indicators used on this chart to be able to point out which indicator is in question here. So you will see pointed with purple arrows both the name (CM_Ultimate_MA_MTF_V2) of the indicator used and the indicator depicted on the market itself. When market is in bull trend, this indicator heads uphill and is green and when in bear market, this indicator is in red pointed/headed downhill.
Now I try to trade as safely as possible so I rarely get into a market that has been trending a direction for a while if you have no idea where the market will peak at in that current trend so you may get in at the end of that trend which you would certainly not want to. So this means that my advice to watch the market in whatever trend it is in and wait to see indication of change of trend and get in right at the beginning of the new trend and watch your profit grow some. So the drawbacks here is that you need to keep a close eye on market to see when it suddenly goes into a new trend and as you do not know when this will be, it can be a pain playing the waiting game lol.
Also, as you can see this indicator is applied to monthly view and this is good for long term outlook but it can also be used on shorter timeframes, infact I advise it as this allows for short term trading opportunities. For e.g. a bear trend you will see in a 1hr view, you would not necessarily see in a one month view and this would mean that the market going bearish was not strong enough or long term enough to be depicted on the monthly view but you could have traded it quickly and got out of the market in days with short term view. (hope it all makes sense).
Now I personally trade alot of short terms but recently started paying more attention to long term trading but I still like quick cash so I will always trade short term lol. Would love to give credit to the person who created this indicator CM_Ultimate_MA_MTF_V2, it has helped me loads, especially in volatile markets. This indicator seems to have been created using multiple tools. Do not quite know if the indicator can be accessed by non paying members on here as I first used it while on free trial but If you use the one month free trial available to all, you should definitely be able to access it. There is a way to access it beyond free trial but i'll leave it at that ;)
DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
I did not hide indicators used on this chart to be able to point out which indicator is in question here. So you will see pointed with purple arrows both the name (CM_Ultimate_MA_MTF_V2) of the indicator used and the indicator depicted on the market itself. When market is in bull trend, this indicator heads uphill and is green and when in bear market, this indicator is in red pointed/headed downhill.
Now I try to trade as safely as possible so I rarely get into a market that has been trending a direction for a while if you have no idea where the market will peak at in that current trend so you may get in at the end of that trend which you would certainly not want to. So this means that my advice to watch the market in whatever trend it is in and wait to see indication of change of trend and get in right at the beginning of the new trend and watch your profit grow some. So the drawbacks here is that you need to keep a close eye on market to see when it suddenly goes into a new trend and as you do not know when this will be, it can be a pain playing the waiting game lol.
Also, as you can see this indicator is applied to monthly view and this is good for long term outlook but it can also be used on shorter timeframes, infact I advise it as this allows for short term trading opportunities. For e.g. a bear trend you will see in a 1hr view, you would not necessarily see in a one month view and this would mean that the market going bearish was not strong enough or long term enough to be depicted on the monthly view but you could have traded it quickly and got out of the market in days with short term view. (hope it all makes sense).
Now I personally trade alot of short terms but recently started paying more attention to long term trading but I still like quick cash so I will always trade short term lol. Would love to give credit to the person who created this indicator CM_Ultimate_MA_MTF_V2, it has helped me loads, especially in volatile markets. This indicator seems to have been created using multiple tools. Do not quite know if the indicator can be accessed by non paying members on here as I first used it while on free trial but If you use the one month free trial available to all, you should definitely be able to access it. There is a way to access it beyond free trial but i'll leave it at that ;)
DISCLAIMER;
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.