HOW TO TRADE FOREX WITH CHANDES QSTICK ~ forex trading companies nz
Tushar Chande developed this technical indicator that helps to identify the market trend. This technical indicator has upward and downward histograms spread from the zero line. The forex trading signals are found with the peaks, troughs, and zero line crossings.
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| Source:metatrader4.com |
Trading with Chandes Qstick depends on the following points:
- A buy signal is found when the downward histograms make a peak or when the downward histograms gradually becoming shorter and crossing the zero line.
- A sell signal is found when the upward histograms make a peak or when the upward histograms gradually becoming shorter and crossing the zero line.
- A strong sell signal is found when the upward histograms reach zero line, growing shorter with the increase of price
- A strong buy signal is found when the downward histograms reach zero line, growing shorter with the decrease of price
Additionally, some traders also trade with the divergence and convergence with this technical indicator.
Dear traders, if you have any other trading technique with this technical indicator, please share with us in the comment section below. You can ask me any question on twitter @albab247.
More info for HOW TO TRADE FOREX WITH CHANDES QSTICK ~ forex trading companies nz:
Let me explain the basic principle how most Forex systems work. They are tuned up
BalasHapusto 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 would like to advise that you stick with the
BalasHapusBest Forex Signals | Forex Buying & Selling Online